Cincinnati-based Procter & Gamble Company has begun exploring licensing opportunities for its "Reliability Engineering" technology -- a system it says has saved the company considerable sums in manufacturing costs during the past decade.
The technology -- named Vulcan for the Roman god of craftsmanship -- consists of a "toolbox" of some 23 ways to "overhaul" virtually any production line, P&G says. The decision to license the technology is part of the company's ongoing program to fully leverage its intellectual property.