Italian Trade Commision Offers Free 'Best Practices" Guide to Equipment Purchases

Smart manufacturers know that the purchase of capital equipment is a strategic investment, but oftentimes, manufacturers make unwise purchases of equipment they may not really want or need.

The Italian Trade Commission (ITC) is hoping that its free "best practices" white paper - "Smart Capital: The Sharp Manufacturer's Guide to Equipment Purchases" - will help U.S. manufacturers boost their performance and profitability while building long-term customer value.

The ITC commissioned industry experts John R. Brandt and George Taninecz, both of the Manufacturing Performance Institute as well as former editors of IndustryWeek, to develop what has become "an eight-step process to make sure that [manufacturers] select the right equipment from the right vendor under the right conditions to serve their needs today and tomorrow." Their paper outlines the step-by-step actions and policies that plant managers, purchasing executives, and senior management must implement together to avoid the common pitfalls when making capital equipment investments.

"The strategy and procedures outlined in 'Smart Capital' will provide new insights for even the most seasoned purchasing professional," says Dr. Paola Bellusci, Trade Commissioner, ITC - Chicago.

"This best practices paper captures Brandt and Taninecz's considerable knowledge and expertise in an easy-to-read document that will be an indispensable guide to purchasing equipment for any industry segment." Bellusci adds that the "Smart Capital" guide is about "more than finding the most inexpensive equipment. It's about what we in Italy truly believe - that real value can only be achieved by taking a creative and flexible approach to every situation."

600450 Italian Trade Commision Offers Free 'Best Practices" Guide to Equipment Purchases
Date: 24 April 2003
Source: Glass Digest Magazine

See more news about:

Others also read

Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.
Praxair, Inc. (NYSE: PX) today announced that its subsidiary Praxair Canada Inc.'s specialty gases plant in Paris, Ontario, Canada, is one of Praxair's first specialty gases plants in North America to complete the upgrade to ISO 9001:2000, the latest ISO 9000 standard for quality.

Add new comment