AVS has intended this document as a roadmap. Rather than a general whitepaper on theoretical approaches to lean transformations or software strategies, we chose to utilize our industry knowledge to provide specific ideas on how leaders can better position their operations in this economy. Thus we named this paper, “Capital Ideas for the Times.” Our five capital ideas for optimizing manufacturing performance focus on these outcomes: (1) Pull working capital out of your operations; (2) Raise fixed asset turnover rates; (3) Go green; (4) Optimize your total cost of quality; and (5) Fully utilize your human capital.

Each of these five is presented with a solid focus on driving short-term ROI with sustained long-term operational improvements. Integrated with each, are specific examples of how information technology can be used to first leverage and then sustain improved operational results. Through this paper, the reader has access to best practices from a variety of industry verticals and manufacturing styles. Best of breed software solutions are presented, as well. We hope our readers will find this material valuable.