How to Reduce Manufacturing Costs & Improve the Bottomline

1
How to Reduce Manufacturing Costs Improve the
Bottomline
Presented by TPC Urethane Supply
Company https//goturethane.com/
2
Manufacturing costs include the cost of
materials, labor, and any overhead. We look at
ways to reduce your manufacturing costs to
increase your profits and make your business more
efficient.
3
What Are The Biggest Manufacturing Costs?

• Materials The raw materials to make your
  product. Buy in bulk. Use multiple suppliers for
  the best deal, and find ways to use fewer
  materials. 
• Labor This is one of the most expensive
  components. Hire more skilled laborers or workers
  that can do multiple things rather than a worker
  who can only perform one task.
• Equipment Reliable equipment is essential. The
  key to maintaining equipment is predictive
  maintenance. 
• Overhead The costs incurred from running a
  business. It includes utilities, insurance,
  supplies, water. Establish a budget and find ways
  to reduce your electric bill. 

4
How to Reduce Manufacturing Costs

• Cut production costs Sell unused material or
  recycle it. The waste you produce could be used
  in another companys manufacturing so consider
  find partners to sell what you would throw away.
• Cut financial expenditures Go through contracts
  for insurance policies, cell phone accounts,
  internet service providers, and find better deals
  or ways to cut costs.
• Cut your traditional marketing budget With
  social media, you can reduce the money spent on
  traditional advertising.
• Use virtual technology Use video conferencing to
  cut down on the cost of traveling for meetings.

5
If youre stressed when you look at the companys
balance sheet, sit down with your team to figure
out ways to make the company more efficient and
more profitable.
6
THANK YOU!
Presented by TPC Urethane Supply
Company https//goturethane.com/