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Home > > Anual percentage rate of credit cards

Anual percentage rate of credit cards

A plant can save space, time and money with a carousel Many companies think material handling automation is a nice idea, but something for the big guys.

After all, computers and automated systems cost money. Automation is designed for high-volume shops. It takes up space. It requires training, and that means hours spent away from production. Once installed, automation needs to be maintained-and that means more downtime. Too often, the decision to automate is put off until anual percentage rate of credit cards a future day when the company thinks it's big enough to need it-or big enough to afford it. In reality, material handling automation comes in many sizes. It saves far more productive hours than it takes in training, installation and maintenance. It can actually save space. It's not something that requires a plant to be of a particular size. In fact, it's an excellent way to help grow to the size you want to be. Consider these examples: An electronics company had four or five people picking orders from shelving on about 2,000 square feet of floor space. Installing two simple horizontal carousels allowed one or two people to handle the same volume while needing only 700 square feet. In another application, eight to ten people worked two shifts picking airline parts from an area of about 15,000 square feet. With the installation of an automated storage system and its software, the floor space requirement was reduced to about 8,000 square feet-and the payroll to three people. While the companies in these examples aren't huge multinationals, they still could use the savings. Eliminating perhaps 1,300 square feet of sorting space might mean putting off a move to larger facilities. Eliminating five or six related salaries might make the difference between loss and profitability. In both examples, the basic automation tool is the carousel-an automated storage and retrieval system that rotates to deliver the proper part to a particular workstation. Instead of sending people wandering around vast shelving storage areas, carousels send the shelves to the worker, who stands in one place ready to do the next step: load the delivered part to the machine, work on the delivered assembly or pack the part for shipping. At its simplest, the concept works like this. A vertical carousel in a machine shop is loaded with commonly used tools and small parts. This arrangement uses considerably less floor space than a standard shelving system. When a particular part or tool is required, the operator punches a keypad, the carousel rotates, and the needed item is brought within easy reach. Yes, it takes a little while for the operator to learn which buttons to push. But the first time the operator doesn't have to waste time looking for a part that has been mislabeled or placed on the wrong shelf makes up for the learning time. On a more sophisticated level, carousels can use software to control the flow of inventory from the delivery point to storage and, when an order is received, from storage to the fulfillment and shipping areas. Storing Discontinued Parts For example, a company regularly discontinues old parts and gives its distributors a specified time to return unsold merchandiseanual percentage rate of credit cards . As the returned parts arrive, an operator keys the part number (or scans a bar code) into the system. The carousel sends the proper bin to the workstation for the operator to store the parts. Then the software updates inventory figures. When the grace period for returning this particular part ends, the system informs an operator, who empties the bin and anual of rate percentage credit cards sends the parts to inactive storage. The available bin now can be assigned another purpose-probably another discontinued part. Because software controls the system, similar parts don't need to be stored next to each other. Any available space can be used for anything that will fit, which eliminates the need for reorganizing the entire storage system periodically. Volume A plant with three or more workers, each making more than 1,000 picks a day from inventory, might benefit from the productivity gains that horizontal carousels offer. The horizontal carousel can serve several stationary pickers simultaneously. Workers no longer have to walk from bin to bin in search of parts. While vertical carousels also offer productivity gains, it's usually not as a result of increasing volume. Vertical units usually serve individual workers who become more productive when they don't have to spend time picking when they should be doing something else. If acreage is at a premium, carousels can help. Horizontal systems may reduce space requirements to some extent just because of more efficient storage and a reduction in the number of workers needed to do the work, but the real savings come with vertical carousels. They use the top half of a facility that most plants underutilize-without requiring extra space for forklifts or ladders to reach something stored on upper shelves. In this case, the carousel brings the parts down to the stationary picker standing on the floor. Accuracy Software-driven carousels encourage accuracy. Even with simple keypad-controlled systems, workers are far less likely to make mistakes. In addition, items are less likely to be stored incorrectly, eliminating time wasted looking for lost items. In most material handling applications, accuracy is important not only because it contributes to productivity: it also can have an impact on customer satisfaction, return rates or subsequent stages in the manufacturing process. Inventory Control When a plant installs a carousel system, it must revise storage procedures. This usually requires a thorough physical inventory and a rationalization of the process to produce a clean baseline for a fresh start with accurate information and better procedures. The carousel's accuracy makes it much easier to maintain the pristine condition. With software-controlled systems, the situation is even better. The computer specifies which picks to make and moves the proper bin to where it's a simple matter for an operator to make the picks accurately. Then it removes the picked items from the inventory record. Productivity Vertical carousels deliver the correct part or tool to a worker quickly and accurately. Horizontal carousels, like vertical types, allow for enormous productivity gains. Horizontal systems are usually installed in pods, with perhaps two carousels serving each operator. The now-stationary operator follows the instructions on the computer monitor and light trees on the carousel. Because the operator does nothing but pick, the number-of-picks rate rises dramatically.2

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Refinanced mortgages have a couple of different rules when it comes to closing. For one, there is a mandatory rescission clause for primary residence mortgages that allows you annul your loan. You can also choose to close at anytime, which is beneficial if you think rates will drop in the near future.

Rescission Clause

With a rescission clause, you have three days after closing to cancel your loan if the property is your primary residence. Think of it as a “cooling off” period. If you have second thoughts, you can annul the loan and recoup nearly all the fees.

Most often this clause comes in handy when homeowners are deciding to tap into their home’s equity, but then change their minds. Other times, a change in job situation or home plans makes the refinanced mortgage unnecessary.

Once you have annulled your mortgage, you will only have a short term hit on your credit score from the lender’s background check. It will make little difference if you decided to apply for another loan in the near future.

Delaying Closing

You don’t have to close your refinanced mortgage within 30 days. You can keep it open indefinitely. However, you have to weigh your choices carefully. While you are waiting for rates to drop, you may see them rise while paying your current high mortgage rate.

Mortgage rates fluctuate on an almost hourly rate, but they do follow a trend. You can read about general mortgage rate in your newspaper’s finance section or hear it on the evening news. When the Federal Reserve Board raises or lower rates, it will eventually impact mortgage rates. But other factors also affect mortgage rates, making it difficult to predict exact changes.

You also have to remember that every month you delay locking in rates, you are losing a chance to save money. While a percent can save you a significant amount of money, a quarter or eighth of a percent doesn’t really make it worth it. Waiting for lower rates is a gamble that you have a right to.

Know Your Options

Once you begin the refinancing process, know that you aren’t locked into the loan or closing. You have the power to stop the process even after the loan has closed for three days. You also have the choice on when to lock in rates. With these options, you can explore all your financial choices and make the decision that is right for you.

When you make an investment – from a simple bank certificate of deposit to a large shopping mall – you are going to be buying from someone whose greatest skill is employing sales closing techniques. Their skill in closing a sale will not include safeguarding your money or earning you any profit. And their number one priority is to make their sales quota to keep their job. It is only your personal education, experience and due diligence that can protect your money from the numerous people on the other side of the table.

It is a dilemma that in order to invest, you’ll be face to face with professionals who do not have your financial interest at stake – but they will all appear to be. Sales people will appear to be on your side right up until the moment you write a check or sign a commitment. Then any problems are yours alone, their verbal promises go up in smoke, they stop returning your phone calls and the fine print suddenly negates the possibility of getting a single dime back from your investment. In my experience, a salesperson’s top priority is never your best financial interest, and you need to realize this no matter how friendly they are or how polished their sales pitch appears. As you walk into a bank or brokerage office, or call a broker, you need to keep in mind that their personal goal is not in alignment with yours. To see past their sales routine, you need specific education, experience with the industry, and, hopefully, a knowledgeable mentor.

For example, I once received a solicitation from a loan broker who wanted to get me into a triple-net lease commercial building with a million-dollar loan. After a few questions it was clear that he was acquainted with lending, but not very experienced. But continued questioning revealed that his knowledge of commercial real estate would barely fill a thimble. And he was the principal agent trying to slam me into a million-dollar loan so he could collect a commission check and move on to the next deal. Although he sounded quite confident on the phone, his responses destroyed my trust in his ability to maneuver through the numerous issues and problems in my best interest. By studying an industry and talking to experienced players, you’ll be better able to ask questions with impact. And in this case, it was the difference between me keeping my money or locking myself into a contract guaranteed to be a huge financial disaster. More reference material for this article is available at the website below.

To inoculate yourself against sales pitches, you need to do a lot of comparison shopping or at least become a semi-professional in the industry you want to invest in. Develop a healthy amount of suspicion and skepticism of any sales claim, and hire experienced professionals to assist you on your side of the table. These would be attorneys, accountants, financial and operational experts that are being paid directly from you to assess every aspect of a complex transaction. He or she will support you in areas that you may be weak, and ask all of the confrontational questions that need to be addressed before you sign anything.

Due diligence acts as a barrier between your money and all the people that want some of it. I personally want Fort Knox around my money, so I make the effort to educate myself as to what is going on in the areas that I want to invest in. I take some facts that are offered to me and verify them independently, and then I get more facts and continue the process until I feel comfortable enough with the people I am dealing with. If I depend upon the sales people to perform due diligence for me, it is no better than throwing money into the wind and hoping for the best.

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