Controlling material loss can be a daunting process. And while hiring a material handler can be effective, at Prime Power we’ve found the best way is educating each employee on the true cost of material. That’s why we stress the importance of even one red wirenut, and how paying attention to them will result in savings for everyone. Here’s how it works out.
It All Adds Up
A red wirenut costs 10 cents. If each employee dropped or discarded one wirenut each day from either waste or carelessness, that works out to: 50 cents / week, $2 / month, $24 / year / employee.
And that’s just from one wirenut! This is money that could have gone to employee benefits or bonuses, just swept out with the trash.
It might not seem like much, but it can add up quickly. A sloppy employee could easily lose a dollar a day, which is upwards of $250/year.
Starting With The Little Things
Just imagine what a careless employee could do And then you compound that with the 20, 50, or 100s of employees you may have.
These losses can really add up and affect the bottom line. So in the end, we focus on personal accountability starting with the little things.
Like the old saying goes: “Watch your pennies and the dollars will take care of themselves.” It all starts with one red wirenut.