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Home » In the News » Press Releases » Increase Profitability through Waste Elimination - EIP Increase Profitability through Waste Elimination - EIPDoes the current state of your manufacturing processes result in over-production or excess inventory? Do you have too much scrap due to quality issues or inefficient processing? Are you spending too much time and money moving information, material or product through your processes? These are some of the many forms of waste that are a drain on profitability for area manufacturers and the target of a new program supported by NYS. The application of lean thinking to a review of your production and new product development processes can identify these and other forms of waste. The implementation of appropriate lean tools can be a means of eliminating these wastes. NYS Department of Economic Development Partners with Insyte ConsultingInsyte Consulting and the New York State Department of Economic Development (DED) are partnering to help companies identify and reduce sources of waste in their production and new product development areas under the Environmental Investment Program (EIP). Insyte Consulting will provide the assessment and implementation expertise; DED will provide matching funds to underwrite the cost. This program is unlike other state assistance programs because participating companies are not required to complete lengthy applications or seek reimbursement of expenses from the state. Insyte Consulting manages all state program requirements. How to ParticipateCompanies wishing to qualify for this program will undergo 40-hour assessments to identify the amount and dollar value of waste currently generated. The company’s adaptability to lean thinking will be evaluated during the assessment stage. The result of the assessment will be a report, which will include a prioritized list of improvement recommendations. Most of the cost of the assessment will be paid under this program by DED. Companies that have the potential to substantially reduce or eliminate waste and are capable of adopting lean thinking and practices will qualify for implementation projects with Insyte Consulting. DED will pay for over 75% of the implementation project costs. Contact Insyte ConsultingIf you are interested in this program, contact Bill Shepard or John Murray at 716.636.3626. You can also reach them via email at bshepard@insyte-consulting.com or jmurray@insyte-consulting.com. |
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