An upside to plant closings for those that survive: ‘A new die shoe can cost $2,000,' Herzberg said. ‘Now I can take that out of the quote and not make tooling a factor in the price.'
And after an Indiana plastic injection molder closed, he went to its auction, spending $350 on shipping boxes worth $20,000. Now when he ships completed stampings, they are delivered in scavenged cardboard cartons.”
“Scavenging industrial auctions around Chicago, Herzberg picked up 700 die sets last year worth about $1 million new. He spent $3,500.
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Mark Graban
Mark Graban is an internationally-recognized consultant, author, and professional speaker who has worked in healthcare, manufacturing, and startups. He is author of the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, as well as The Executive Guide to Healthcare Kaizen. His most recent book is the anthology Practicing Lean that benefits the Louise H. Batz Patient Safety Foundation, where Mark is a board member. Mark is also a Senior Advisor to the technology company KaiNexus. His latest book has been released as an "in-progress" book, titled Measures of Success.