🇦🇺Australia

Cost Overrun

2 verified sources

Definition

Rising raw material costs amplify waste from scrap and rework when SPC is not used. Process shifts go undetected without real-time monitoring.

Key Findings

  • Financial Impact: AUD 2-5% revenue equivalent in raw material scrap and rework
  • Frequency: Per production batch
  • Root Cause: Absence of real-time SPC charts and control limits

Why This Matters

The Pitch: Australian plastics processors waste AUD 50,000+ yearly on scrap from unmonitored processes. Automated SPC reduces material waste by 50%.

Affected Stakeholders

Procurement, Production Planner, Financial Controller

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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