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Under pressure to cut costs every year, year-after-year...these are challenging
times! It doesn't matter if you are a foundry, a supplier, or a buyer of castings,
everyone is looking to take cost out. A slow economy, rising soft costs* and global
competition are forcing everyone to cut costs to stay in business. People have
been laid-off, departments reorganized, locations closed and you find that's still
not enough. So, what do you do when you've cut everything in sight and it's still
NOT ENOUGH? Answer: EXERCISE YOUR BUYING POWER - The power of the Internet
is truly in the hands of the BUYERS - all buyers, large and small, and, every
business is a "buyer." Small buyer purchases can be easily aggregated using
the Internet.
buyCASTINGS' members get volume discounts and service discounts from
major suppliers of electricity, natural gas, freight, all computer supplies and
services like laptops, software, servers, even print cartridges, and health and
human resource services like medical, healthcare, retirement, payroll, OSHA, worker's
comp... All these products and services can be quoted to any purchasing person
at no cost, no obligation, and on a confidential and individualized basis, 24
hrs/day from any location. For a complete customized plan of how much we can
save you, please contact Neil Chaudhry at
nchaudhry@buyCASTINGS.com or call
937-259-1317.
*Such as health care, legal, freight, worker's comp., utilities, etc - see
article in last newsletter.
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based on "Outlook 2002 - Signs of Recovery", John Wright,
Foundry Management and Technology, Dec. 2001, are:
1. Medical Insurance Cost
2. Lack of Orders
3. Worker's Comp. Costs
4. Imported Castings (tied w #3)
5. Trained Labor
E-commerce A recent study, "E-readiness of the Automotive Supply Chain",
conducted by the Center for Automotive Research (CAR) in 2001, revealed that Tier
1 suppliers investing heavily in e-commerce expect lower tier suppliers like the
foundries, heat-treat shops, machine shops, tool & die shops to keep up with the
technology. The study concludes that within two years about 60-70% of all auto
suppliers will be required to have e-commerce capabilities, while about 15-20%
already has.
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