Is Your Laboratory Leaking Money?
By Bob Yenkner
Published in Inside Dental Technology (IDT) January 2016, Volume 7, Issue
Don’t let squandered time and materials wash away your profits. Studies from the US Geological Survey show that a typical dripping faucet will yield 43,200 drips (3 gallons) of water per day. One drip might seem meaningless, but taken together, those drips translate into 21 gallons per week, or 1092 gallons per year. This is what I call the Additive Theory of Expense. Every day, we squander minutes of working time or a few ounces of materials, or remake a crown because we misread a prescription. As individual occurrences, these are no big deal. But it is the number of events that quickly add up. All sorts of similar situations are within the laboratory, with employee overtime as a prime example. Studies show that the typical technician performs value-added work only about 55% of the time on the job.
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