Old Machines Making Money

I just read an interesting article on how a number of machining houses are making money and growing their businesses using older equipment. What sets them apart is their attitude toward business, not modern, high productivity equipment or low cost labor. They cross train their people, they eliminate wasted time and effort, they pay fair wages and provide benefits, they treat their customers and suppliers well. If you ever read Goldratt’s book, The Goal, you’ll recognize these businesses. They’re doing the same thing Alex Rogo did in his factory to turn it around. All these machining houses are applying a Theory of Constraints mentality to their operations, even if they don’t recognize it as that. Congratulations to them for their insight and commitment to their businesses.