{"id":30880,"date":"2018-04-20T13:46:00","date_gmt":"2018-04-20T13:46:00","guid":{"rendered":"https:\/\/www.dvirc.org\/insights\/uncertain-economies-require-defensive-action-of-cost-reduction\/"},"modified":"2023-03-08T14:02:31","modified_gmt":"2023-03-08T14:02:31","slug":"uncertain-economies-require-defensive-action-of-cost-reduction","status":"publish","type":"post","link":"https:\/\/www.dvirc.org\/insights\/uncertain-economies-require-defensive-action-of-cost-reduction\/","title":{"rendered":"Uncertain Economies Require Defensive Action of Cost Reduction"},"content":{"rendered":"
The manufacturing community in most sectors is very busy with customer business, which has been the strongest in recent memory. However, uncertainty of what next year will bring businesswise is surfacing with an expected slowing in the economy, tariff\/trade war impacts, workforce shortages, and wage increases, to name a few. Manufacturers have little control over these issues, but one area manufacturers can control is cost within a manufacturer\u2019s four walls, both in the production area and in the office.<\/p>\n
How can manufacturers manage cost to help mute the impact of those issues that one has little control of? Listed below are five basic \u201cblocking and tackling\u201d tools that every company should have the capability to do that reduce cost.<\/p>\n
Now is the time to fix your bottlenecks to effectively utilize your resources. DVIRC can help! Since 1988, DVIRC has helped 2300 manufacturers complete over 6800 projects. We have helped our clients generate substantial value-added impact, including:
\n<\/strong>Through its consulting services and training courses, DVIRC has worked with firms of varying sizes and functions on\u00a0Lean and Continuous Improvement strategies<\/a><\/u>.<\/p>\n
\n$1.8 billion in new and retained sales
\n$383 million in cost savings
\n$270 million in investments<\/p>\n","protected":false},"excerpt":{"rendered":"The manufacturing community in most sectors is very busy with customer business, which has been the strongest in recent memory. However, uncertainty of what next year will bring businesswise is surfacing with an expected slowing in the economy, tariff\/trade war impacts, workforce shortages, and wage increases, to name a few. Manufacturers have little control over […]","protected":false},"author":1,"featured_media":30882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"acf":[],"yoast_head":"\n