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July 5, 2011 by Kendal White

5 Keys to Survival After the Recession: Reduce Overhead Costs & Maintain Quality

After surviving the recession, most manufacturing companies understand the importance of budgeting and reducing overhead costs all too well. Unfortunately, with energy and transportation costs rising more each day, some companies look to cut spending on vital research and innovations.

In the long run, reducing spending on product research and development can cost manufacturers significantly more as they struggle to compete with growing international manufacturers. How can companies shrink their budget without sacrificing product quality and innovation?

Crowdsourcing IT and HR Tasks

The last few years have shown a notable increase in outsourcing of human resources and information technology departments as companies seek ways to shrink company budgets without losing the skilled workforce they need to operate. Contracting third party companies for HR and IT needs enables manufacturers to offer superior benefits and take advantage of improved technology at a much lower rates.

In a discussion about the value of outsourcing human resources, business specialist Renu Chopra discusses the flexibility of outsourced programs because they “…can turn relatively fixed HR costs into variable costs that can scale with business changes such as acquisitions, divestitures, growth in new markets and contraction in times of economic downturn.”

In addition to the overall costs of outsourcing these departments, companies benefit as HR and IT firms work to improve quality of service and resources to remain competitive. Working with an agile, adaptive third party allows companies to focus spending and time on growing their business rather than updates and training for stagnant in-house departments.

[Read more…]

Filed Under: Manufacturing Tagged With: crowdsourcing, energy, manufacuring, outsourcing, overhead costs, quality

June 29, 2011 by Kendal White

5 Keys to Survival After the Recession

CompassThe United States economy is slowly recovering from the so-called Great Recession and many manufacturers are looking to the future. With a surge in international manufacturing, increased competition has company leaders desperately searching for ways to survive and grow in today’s volatile economy.

With manufacturer’s in mind, UniTherm is launching the “5 Keys to Survival After the Recession” series. The series focuses on ways that manufacturers can lower supply chain costs, raise profits and compete in an increasingly competitive market.

Over the next few weeks, we’ll feature ideas and strategies for ways to increase manufacturing products by focusing on innovation, reducing overhead costs and resource waste, improving consistency, and modernizing marketing efforts to increase yield.

Would you like to see your company featured in the “5 Keys to Survival After the Recession” series?  Let us know what steps your organization is taking to be more competitive and we’ll feature you throughout our series.

 

 

 

 

 

 

Don’t miss the first installment of “5 Keys to Survival After the Recession,” subscribe to receive updates from the UniTherm Blog.

 

 

Filed Under: Manufacturing Tagged With: budgeting, consistency, cost reduction recession, crowdsourcing, efficiency, energy costs, innovation, inventory control, lean manufacturing, lean process, manfacturing consistency, manufacturing, manufacturing process, overhead costs, recession, reduce manufacturing costs, research and development, survival

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UniTherm Insulation Systems

711 Jones St.
Lewisville, TX 75057
Toll Free: 800.657.9542
Phone: 972.436.1401
Fax: 972.436.0112
info@unitherm.com

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