"We are so small, we cannot afford such an investment." or "We don't need to focus on continuous improvement.". These are often used arguments by small business owners. Let's see what "size" your company needs to be in order to make the decision to focus on downtime reduction justifiable.
Take a look at the small company below. It has:
- a turnover of € 900K.
- fixed costs of € 620K
- variable costs of € 250K.
- an estimated downtime of 15%.