Accounting Crisis Mode --Dickeson

"Rog, in all my years in printing, it's the worst I've seen. Our health costs now exceed $1 million," groaned Henry from a mid-size, single-plant printer in the Midwest.

Lacking Necessary Data

It appears that several of our largest, multi-plant, publicly traded commercial printing companies in the industry have no integrated central data management systems. Not more than six months ago, a representative of a major publisher called me. He said that they were negotiating a contract with one of our large, publicly traded printers. The printer was insisting on a 26 percent waste allowance for the paper that the publisher was to supply. Unbelievable? Not at all. That major printer was simply conceding that it had no statistical control of its processes.