Stanley Schmidt Quotes

Manufacturing all over the world has the benefit of efficiency. That's great. I support it.

Efficiency innovations arise in industries that already exist. They provide existing goods and services at much lower costs. They are not empowering. Efficiency innovators become the low cost providers within an existing framework.

The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.

We had to figure out how to produce books in a cost-effective way.

I realized early on, maybe better than some of my competitors did, that a textile business can run only if you have scale. I decided to horizontally and vertically integrate, adding everything from spinning, dyeing, weaving, and stitching to processing and packing.

I got to get the right people in the right job. Because a lot of costs can be taken out in the context of your administration without the legislature. For example, using technology to do more with less. Using technology to fight fraud. Reorganizing and streamlining can be done within the context of the administration.

We only invest in businesses that reduce labor.

There's a curiosity about what magazine editors do, the behind-the-curtain experience.

Machines can do things cheaper and better. We're very used to that in banking, for example. ATM machines are better than tellers if you want a simple transaction. They're faster, they're less trouble, they're more reliable, so they put tellers out of work.

From a technology and economic perspective, it's vastly more likely that autonomy will be used for mobility services.

I like modern efficiencies and functionality.

The investments and costs you have to put into digitalising means there will be an incentive for companies to merge.

From day one our next generation system will run all our exsisting software - so that gives us a head start.

Indian IT corporations have made work in the U.S. much more efficient by enhancing their productivity and quality of work. We have helped to add sufficient value to the corporations in the U.S.

There can be economy only where there is efficiency.

There are companies that are cutting their costs by over 50% by offshoring.

Search folks don't understand editorial. I'm not afraid of editorial costs, just like machine-search folks are not afraid of computer servers.

I'd like to cut down on the work a little bit.

Whether you're a programmer or a seamstress, it's all about new techniques, simplifying old techniques, and consolidating steps. Making things go faster - but not worse.

The only way to make budget cuts is to bring down force structure.

The number one objective is that people who make the investment in digitization, whether they are governments or service providers, get a reasonable return.

The key to making things affordable is design and technology improvements, as well as scale.

China is a great manufacturing center, but it's actually mostly an assembly plant. So it assembles parts and components, high technology that comes from the surrounding industrial - more advanced industrial centers - Japan, Taiwan, South Korea, Singapore, the United States, Europe - and it basically assembles them.

Generally speaking, if you control matter more precisely, you can get more efficiency out of any process.

The problem in D.C. is that everything is on paper, and it's theoretical.