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The Case of Price

Crouser Report OnLine February 14, 1996

Transmitted from Rochester, New York Crouser Report OnLine Copyright 1996 Thomas P. Crouser, February 29, 1996 - Material may not be reproduced in whole or in part without prior written consent. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Tom Crouser presents Power Pricing in NEW ORLEANS on Saturday, March 23rd for the Gulf Coast Association of Quick Printers. For meeting information, message Gator4Fun@aol.com. Also, we will be soon visiting Pennsylvania, Florida, Iowa, California, Michigan, Tennessee, Colorado and North Carolina. Two on-site dates are available in the south in April along with one in Colorado in May. Other appointments are being accepted for September and later. Reply to me for more details. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Letters Transmitted from Pittsburgh, Pennsylvania One of our client friends responded to a recent clients only message with this note: Your comments ... The Customer Service Rep, much like the person waiting on you at McDonald s, does some production work such as make copies and take brokered orders (fills Cokes and gets the fries). So, most of the time, the CSR just handles the brokered item, orders it, checks it in, bills it and handles questions from vendors. reverberated here at our shop in a way I doubt you might have anticipated. Specifically, your reference to fast food operations. It s an analogy I have been rather unsuccessfully promulgating with my son for literally years. The essence of the argument is, I guess: whether systems can/should be developed and placed that deal with the commonality of jobs in order to take them in, process them, do them and deliver them in efficient, productive and profitable ways - as opposed to treating each as an art project - for which a new wheel must be invented each time. Obviously, since I m on 100% commission as the owner, you know which way I fall. My guess is that I am not alone in this argument with employees (whether family, or not) who skew towards an attitude of individuality of each job as opposed to the commonality of each job Obviously - to me at least - this ability to find ways to find commonality in each food order (from order taking, to preparation to wrapping, to deliver, whether it s eggs, chicken, burgers or double burgers) is the driving force behind fast fooders ability to lower costs and prices while reaping higher market share and profitability over traditional restaurants. It s more than equipment. It s attitude and a systems approach. My guess is that you might find this analogy an intriguing theme for one of your articles. And, yes, I d love to wave it in my son s face - who rejected the analogy in this case. What s a poor father to do?!?! * * * * Er, fire the son? Okay, just kidding. Actually, Theodore Levitt (marketing guru, Harvard professor, author of that timeless Harvard Business Review piece, Marketing Myopia which said if the railroads thought of themselves as being in the transportation business versus the railroad business, the face of transportation as we know it would have been changed), authored (another) Harvard Business Review piece which was, I believe, published in the 1970 s. It was entitled, The Industrialization of The Service Sector inwhich (going from memory) he argued very successfully that it was the systematic approach to service which was the key to service success versus the concept of service as servitude. He cited McDonald s French fry scoop which allowed a specific number of fries to be delivered to their contained with one fell swoop (within +/- 2% or so). He cited Transamerica Corporation and their industrialization of life insurance policy processing. And there were many other excellent examples. Basic thing I remember is that service is best approached systematically rather than by heroics. Anyway, would be glad to look it up and report more if you are interested. P.S. Levitt was, at least at one time, a member of the board of Multigraphics. * * * * Here s a note from Ray Andrews in Chicago and an interesting thing he s doing using customer communications software. * * * * From: RayANDREWS To: TomCrouser Have installed Launch and coupled it with the new LASERMASTER 1800 DPI direct-to-plate Laser printer. We re still tuning the runs on the plates, but generally, they are working well. In short, I ve taken the two technologies to create a new system that promises: Direct from your desktop computer to our plates ... saves you time, hassle, errors in translation and film-making costs (no quality half tones or tight screens, yet, though). It is receiving terrific response from both independent and corporate graphic artists, many of whom are hooking up modems they ve had on the shelf for a year or more just to get in on it. Looking forward to a feature on it in our local weekly newspaper (complete with picture) this Thursday. To early to count the chickens, but it seems more promising than anything we ve tried in years. Planning on a happy trail when I can find the damn thing. Ray * * * * Thanks, Ray. Carl Gerhardt has a request. * * * * Subj: Hamada C248 and Process Color From: CGERHARDT To: TomCrouser Tom, I continue to enjoy your newsletters and AOL dialog. Now I am looking for some help that perhaps you can help me find. I recently acquired another shop and along with it an Hamada C248 2 color landscape press. I am looking for other printers that have experience with this press. We are doing some process color and other more complex work that fits the landscape format. The press operator was also acquired with the Hamada. We think this press will do a lot more than he thinks it can. For example, he only wants to run one process color job at a time rather than gang jobs which we feel we need to do for productivity. Also, just did an 11x17 (8 1/2 x 11 2-up) direct mail piece that offset badly and now he says we have to run 1 up to prevent the problem. Perhaps someone has had enough experience with this press to give us some ideas. Thanks in advance for any help you can give. Carl Gerhardt, American Speedy Printing, Colorado Springs, (719) 260-9898 * * * * * OK, Carl. Let s see who has some answers. Please respond and I ll publish. . . In another matter, the following cliet question about overtime came up. * * * * * If an employee who works 8 hours daily & 40 hours a week (before paying overtime) works 34 hours in 4 days, can you let them go after 6 hours on the fifth day to not pay overtime? Is there some rule against this if the norm is an 8 hour day? Tom: Normally, your statement is correct. There are some exceptions in states which require overtime to be paid after eight hours of work in one day, however that is not true in your state. Typically, the work week (which is 168 contiguous hours or 7 days x 24 hours, the choice of starting and stopping is chosen by management) is the determining factor on overtime. After 40 hours worked within the work week, then overtime will be paid. However, there is another, underlying statement in your question. Although you can do what you describe (sent the press operator home early), I would not particularly advise it. Consider this: I work for you and I go out of my way to not go to my kid s ballgame on Thursday evening to get the big rush job out. Then, you turn around and send me home early on Friday so I don t get overtime pay!!! In short, your position is correct, but not popular among our most valuable asset, our workers. In my opinion, consider the worker first. As we know, good press operators are hard to come by. * * * * And here s a message I received this morning which typifies many I get during the course of a month. It s about selling this #$%^&* place. * * * * Subj: Print Shop for sale To: TomCrouser I read your brochure today about your consulting. It sounded very interesting, I know someone can make a lot of $$ in my shop = it has a lot of potential. It is in an excellent school district. The problem is not the shop - it is me!! I am tired, bored and want to go about the business of being a grandparent!! Please give me some advise as to how to go about selling it!! Brokers do not work! I think the key is here is your statement someone else can make a lot of $$$ in your shop - - -> so I assume you are not. Therefore, you are telling someone else that they can pay you good money for potential, even though you have not made good money - - - - -> and that doesn t sell regardless of whether you are using a broker, consultant or palm reader. So, my advice is fix whatever is wrong or be willing to take a substantially reduced price. (I d be very glad to chat with you over the telephone (etc.) more at length on your specific situation.) Keep the faith. Tom * * * * But, before I could send my message, I received the following from the same reader. They wrote: * * * * I reread my last mail to you and it didn t make much sense, I am sorry! I left out an important part. After I read your brochure, I decided that I do not have the energy my print shop deserves. So I would like to sell. Any advise?? Unfortunately, your message made (believe me), perfect sense to me. I believe you have perhaps not run out of energy but you have run out of answers. If someone could help you find a way to fix it and you had a clear plan, I think you would find yourself re-energized and easily able to fix it. (Fact is, after many people fix their shop, they lose the desire to sell the business. ) Again, please send me you number and we ll chat. Tom * * * * In a different matter, Bruce is a new sales representative and is looking for some guidelines. * * * * < I am a new sales rep in the print world. I now work for a high quality 2 color printer. I am looking for a simple Checklist that would help a sales rep ask the correct questions when speaking to a customer. I also am wondering if there would be any kind of a worksheet that I could use to organize my information before I give it to the estimator.> Hey, Bruce. A checklist to ask the right questions. . .humm. Actually, I think you are describing probing skills which allow you to uncover the customer s requirements. From there, you convert the customer requirements to production specifications and, I think, you are asking for a specific sheet which would relate to the specifications of jobs. In other words, Did I get everything down that I need in order for the estimator to value the job? Specifically, no I don t have such a sheet. I think it might be very difficult to develop and administer since a sheet such as this would require one to list all possible alternatives and that s a pretty big job. I think a possible better solution would be for you to learn the steps of printing production. (I am assuming your are new to the process.) When you know what is required to produce a 48 page booklet with a 4 color cover, you will then be able to remember the information required by the estimator. So, my suggestion would be for you to receive practical training in production. However, I ll ask some of our other friends to comment. Thanks and good luck with your new position. * * * * So, what do you think. Have anything you can add to help Bruce? Send me a message and I ll include in a later edition. . . .MIVANS send us a reference on plant layouts. * * * * Subj: Re: Shop Layout From: MIVANS To: TomCrouser Tom, In reply to your request for plant layout info. You could recommend John Geis s book Plant Layout available from GATF in Pittsburgh. 412/621-6941. It is an excellent source. MIVANS * * * * Thanks. John s book is an extremely good primer on plant layout and I have used it for years. It is generally focused on plants as opposed to retail printing stores, but many of the principles are the same. * * * * Now, let s get back to our plate charge discussion. Here are some recent comments: * * * * From: HalSan To: TomCrouser Tom, Very interesting comments about plate charges. We charge $28.00 for plate & film the first time up. We don t charge for storage for a reburn.. We then charge $7.00 each time we use the plate which is the same charge we have for photo-direct plates. Sometimes job specs change and jobs that required metal plate may change to photo-direct. This method helps us keep our pricing relatively simple & repeatable. Hal Wendt, International Minute Press * * From: GeneN126 To: TomCrouser Tom, Just thought I would put in my 2 cents worth about storing and charging for plates etc. On a reprint we charge for a new plate each time. We also do not give a detailed enough invoice that the customer would see every charge. Most of our customers have no idea what goes into the manufacture of their product and they don t care. They just want it done right now. Only the sophisticated buyer understands. The charge for a new plate is usually minor compared to the cost of the whole job. Very few industries list every item on their invoices. When we are running several jobs for the same customer that requires wash-up and ink charges we charge for each job and then show it as a discount on the invoice. That way the next time the our customer needs to reprint just one item they won t be expecting the reduced rate, and they are grateful for the discount each time we do multiple jobs of the same color (I saw this either on AOL or in the NAQP Newsletter). Gene Newhall, The Press Room * * From: CraigTen To: TomCrouser We too have a hefty charge for NFP - $45. We store plates and negs at no charge and only charge for a plate if it is because it has worn out. We find that most of the plates we store are never used again but often the negs are (with stripped in changes). Then, of course, we charge for a new plate -$20. Many years ago I had a customer want his plates (but not the negs) as he wanted to change printers. It was no great loss as he was a very slow pay and quite obnoxious. We were so glad to get rid of him that we washed his plates in straight water to make them nice and pretty! I hope he was most appreciative! HA! * * * * Thanks, y all. Now, let s talk about something real interesting: BUDGETS. Alright, maybe not so interesting, but at least beneficial. Here s what one reader wrote: * * * * Do you have any literature you could share with me about budgeting? I m looking for something that would give a percentage of sales to be spent toward marketing, advertising, maintenance, petty cash, etc. I m not even sure what would be included. Please let me know. Thanks, Sue Okay, Sue. Actually one source would be an operating ratio study such as those done periodically by the National Association of Quick Printers or Printing Industries of America. In your shop, the NAQP study would be more germane. Now, just because once you have an average of what everyone is doing, does not mean that is what you should spend. I use, generally, the following targets. Direct Materials = 25%, Total Labor (including payroll taxes, etc. but not including Owner s Compensation) = 25% and Total Overhead = 25%. Leaves 25% for Income Before Owner s Compensation. Now, the average shop has something like 13% left over, so they are spending more in one or more of the categories. Now, within Total Overhead, specific accounts, such as advertising, maintenance, etc. as an industry standard is generally immaterial since different companies have different priorities. A younger firm may need more advertising as a percentage of sales and an older firm which may need more equipment maintenance. So, each line item is budgeted based on what is needed for this (your) specific company with a target of 25%. Some companies, however, adopt different strategies. One company I work with has a 35% cost of direct materials (low prices), 30% cost of wages (pays well and low prices), and a 12% cost of overhead (he s tough on overhead items - doesn t spend anything). That gives him 28% income before owner s comp. He has older equipment, a very strong balance sheet (over $1 million sitting in the cash account of the business), and buys equipment from his excess funds as the equipment becomes proven and warranted for his area. Anyway, point is, different companies can have different strategies which would be reflected in the budget. So, average operating ratios on specific accounts in overhead are of interest, but do not form your specific strategy. I advise you to budget based on what you need to spend, and don t spend one penny more. Later, Tom. (I attached information on budgeting from the January 1996 Crouser Report issue specifically addressing budgeting. You may find a copy in the NAQP Publications section of America OnLine or on PrintUSA at http:\\www.printusa.com on the internet.) * * * * And speaking of NAQP, Peter Grogan, freshly back from a hard trip to New Orleans where he moderated an extremely good session on Digital stuff, brings up a very interesting topic: system administrators and can we do without them? * * * * From: PeterGPrnt To: TomCrouser . . .The big guys have the ability to hire system administrator types that keep the computers going (horrors! you mean these computers need ATTENTION?????). How do we smaller guys configure networks, software, install upgrades, etc. ourselves and still spend time on the business- say, selling? We have 3 power PC type Macs in our prepress department all loaded with ram, etc. Jane s hard drive fried on startup Monday morning. Now, we have a great backup strategy, but I had not backed up her workstation. The supplier (Power Computing- the main Mac clone maker) has been unable to ship a replacement (it s under warranty), so I. . .ordered a drive from another supplier. We keep gig sized drives around for just such problems, but we have had to rebuild her drive (translate install fonts, programs, etc.- about 6 hours worth of work). This, of course, has to be done partly in working hours and partly after hours. Here til 1:00 am on Tuesday. We have a network/ computer guy on retainer that assists a lot, but is not an answer for all questions. You never hear these type discussions in our conference meetings.... as we move toward more and more color, which means more and more complexity in the art files with more and more needs for preflighting, and more and more needs for network capabilities, I see many of our peers falling by the wayside due to the complexity. Think about the overall system needed to reasonably feed a Heidelberg DI..... graphics stations, scanners (color), the network, etc. I estimate a minimum $250,000 investment just to feed one of those things, so you d have about a $750,000 system to sell it s output. Not including bindery. It s a new model, and that s the trend. So, what steps should be taken to grow toward this company of the future? Peter Grogan * * * * Big question. Actually, two questions in one. First, can we expect to operate with hi-tech gizmos without having techies on board? The obvious answer is no, but how are you faring out in the field with this challenge? If you are hiring these types, where are they coming from and how are you attracting them? If you are not hiring these types, what are you doing to compensate? Second, what steps should we take to grow toward the company of the future? In my opinion, we must envision the shop of the future, assess were we are today, and define the difference. Then we can design our steps. Missing in that process, of course, is the details. What s your opinion on the details? What is the shop of the future? And, what steps do you believe we should be taking now to be prepared? * * * * Now that we have opened that dialogue, I might as well start another one. Martin Turnbull of PrintUSA sent a very thought provoking suggestion. I reproduce part of it here in hopes that it may encourage some discussion from those most affected. Here s the scoop: * * * * Subj: Articles from a wife s viewpoint. From: martin@usa.net (Martin L. Turnbull) To: TomCrouser@aol.com Tom and Mrs. Crouser: Our wives are a vital part of our lives, our success and our business. We need to provide them avenues of expression in our industry. This has been too long overlooked. I think every lady in the industry would appreciate articles from a woman s viewpoint discussing the issues of work, family, marriage, struggles, victories, marital conversation - or the loss of - due to working together day in day out. Vacations or the lack of, feelings of being trapped. Articles that make you laugh, or cry. Articles that our wives can identify with. Would Mrs. Crouser write an article or two? * * * * Well, I don t know about writing, but I am sure the blonde woman will be glad to tell you a story or two. Actually, it s a great idea, Martin. And, in addition to my approaching my assistant just kidding, honey with the idea, I propose the idea to everyone reading this message. Let s hear from you! Send me some messages and I will group them for a discussion. And, before we leave you today, here s Linda. * * * * From: LKMPrint To: TomCrouser Thanks for your support for us printers! I find at least 97% very applicable to what we are doing, problems we might have, questions, etc. We really appreciate the info! Thanks, Linda Melzer and staff at Printing & Promotion Plus by Minuteman Press (Colton, CA) * * * * And thank you, Linda, for the kind words. Actually, I have been getting a lot of cards and letters, most of which I am able to respond to within a short period. There have been looking embarrassed several very thought provoking questions which I have not yet been able to dedicate an appropriate amount of time to research. However, I do want you to know I have them in my file and am addressing them as time permits between making a living, etc. So, if you have sent me a message which I said I would address, and haven t - - -> it s just because you question was so good. So, hang in there and Happy Trails til we meet again. Tom Crouser * * * * * End of Message. To unsubscribe to this service, send a message to TomCrouser@aol.com and include the word UNSUBSCRIBE in the body copy of the message. BACK ISSUES May Be Found at the National Association of Quick Printer s America On Line Site (keyword: NAQP, publications, Crouser Report) or on the internet at the PrintUSA web site (http://printusa.com/articles/crouser.htm). Hey, do we get around or what? You can also reach us through the Internet at crouser@ibm.net or America OnLine at tomcrouser@aol.com. Call Our Help Line at (304) 342-5100 or fax us at (304) 342-5187. Crouser & Associates, 235 Dutch Road, Charleston, WV 25302 (USA). End.

Happy Trails...Tom Crouser

Crouser & Associates - Helping Printers Prosper Since 1985

Crouser & Associates Performance Group program includes two on-site evaluations by Tom Crouser each year along with two group meetings. Management training is held during the group meetings along with participation in a meeting with non-competing printers. Join others who have decided to run their business instead of the business running them. Reply to by Email to Tom Crouser for more detailed information or call Clark Workman at (304) 342-5100. Or fax (304) 342-5187 or contact crouser@ibm.net.

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Date inserted: Saturday, February 17, 1996 2:23:22 PM

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