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Manufacturer of Hydraulic Presses
North American manufacturing continues to improve as we head into the second quarter of 2012, but rising costs in raw materials and freight are threatening to derail the recovery.
It’s at times like these that you need to run a tight ship to ensure that you keep unnecessary costs to a minimum to ensure the health of your company’s bottom line:
Monitor your raw materials markets and buy at the right time. If you have room to store raw materials, it makes sense to buy in bulk when prices are low. This means keeping an eye on the markets, especially when trading is volatile, as this means there will be tall peaks and deep troughs.
Check incoming and outgoing freight for less than truckload (LTL) shipments. Where possible, communicate with customers and try to run full shipments to clients that are close together at the same time to save on fuel costs.
Maintain your hydraulic presses and other machinery to avoid expensive repairs and loss of revenue from machinery downtime. Study after study has shown that scaling back on scheduled maintenance or machinery upgrades is false economy and ends up costing the average manufacturer far more in the long run.
RK Machinery is a Quebec based builder and supplier of superior H-frame hydraulic presses and C-frame hydraulic presses. All of the hydraulic, electrical and mechanical parts used in RK’s presses are industry standard and readily available across North America. This ensures that your company can maintain full productivity while keeping costs down.
For more information, contact RK Machinery today.
