Impact of Standard Deviation on ROI

When it comes to food processing, profitability depends on efficient operations. But if you don't know how far your process deviates from your target, you could be missing out on product quality, profitability, or both.  With every point your product deviates from its target, profit is leaking from your organization.

Using NIR technology, reports may show that the actual content is running higher than your setpoint; if so, you are able to put controls into the process which can ultimately lower that standard deviation - or increase it, if it is running too low.  Lowering the highs and the raising the lows will result in a much narrower production variance – producing tighter control on raw material cost, labor and rework, and ultimately on profitability.   Once you understand your standard deviation, and what it does to your operation, it quickly becomes obvious that using in-line analysis to control it will yield a considerable return on investment.

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