You are probably familiar with the Pareto Principle commonly known as the 80/20 rule. Simply stated, 20% of any measurable statistic yields 80% of the overall results. For example, 20% of your customers generate 80% of your revenues.
Given the degree of concentration on virtually any area of your life, it is critical that you focus your attention on the “vital few” that matter. This is where you will achieve the most benefit. We are constantly being challenged to maintain this focus.
Falcon Metal’s core competency is in managing Class C production components; they are the large number of low value items that remain critical to meeting your production plans. The Falcon Bar Code Inventory System (FBIS) provides a cost effective solution in managing C production components.
