Process of selection

摘要

Making a wrong project investment decision can carry severe penalties in lost production, inefficient processes and bottlenecks. And small companies often lack the resources, skills and accumulated experience that guide their larger counterparts. One answer is to adopt a formal selection procedure. The machinery and process selection package published by AMTRI, for example, steers the smaller company through selecting, justifying and project managing the purchase of new or refurbished equipment. The package has been designed to require minimum external support. A step-by-step procedure takes managers through drawing up a manufacturing strategy, developing the capital case, monitoring the equipment's manufacture, its location and installation, and procurement procedure and audit trails.