Whether you are in an uncertain economic climate or whether the economy is booming along, there is a huge benefit to being able to manage your controllables! You can’t control the market but you can control your costs, efficiency and production performance.
An investment in productivity enhancement can help you manage high demand without disappointing your customers and it means in slow times you can focus on reducing waste and managing your assets! Not too long ago a tooling customer of ours reported that they were able to “improve Throughput by 30%, without increasing plant capacity!”
This Canadian based company that sells mostly in the US market explained that this 30% saved their business when the Canadian dollar significantly increased in value against the US dollar. The market advantage they once had vanished with the change in currency rate.
The rise and fall of the dollar is another market variable that one cannot control. Since this tooling company had their controllables in check before the storm, they were able to take the hit and still be profitable. Change in governments, world events, new policies and policy reversals can all have an impact on your business. Are you ready for the unexpected?