Helping Customers Fight Inflation with Continual Improvement Practices
110 Metalworks Doesn’t Just Adapt to Inflation; We Rise Above It
Inflation can be a daunting challenge for businesses, impacting costs and squeezing margins. While not drastically increasing, economic reports indicate a higher-than-expected inflation rate in 2024. Thus, companies must continue to adopt strategies that mitigate the effects of inflation.
In a world where some factors are beyond our control, we must focus on what we can influence. Merely passing along cost increases to customers without proactive measures can leave everyone feeling like victims of economic circumstances.
At 110 Metalworks, we take a different approach. We believe in leveraging continual improvement practices to take charge of the factors within our control, ensuring we remain resilient in the face of challenges.
Just like everyone else, we have been impacted by inflation. However, we did not pass the burden along the supply chain. Instead, we took a hard look at our operations, ramped up our commitment to continuous improvement, and managed to cut overall costs.
Our continual improvement practices are the cornerstone of our operations, enabling us to navigate through economic fluctuations with agility and precision. They include:
- Value Stream Mapping
- 5S
- Kaizen
- Gemba Walks
- Six Sigma
Our continual improvement practices are not just words on paper – they are deeply ingrained in our organizational culture and recognized by others as a benchmark for excellence. From streamlining administrative tasks to optimizing production processes, our ongoing improvement efforts consistently drive cost reductions that we proudly pass along to our valued customers.
Dedication to Continual Improvement Directly Benefits Our Customers
Our dedication to improvement runs deep—it’s ingrained in everything we do and sets the standard for the industry. While inflation affected us all, we focused on what we could control: our own efficiency. By refining our processes from start to finish, we offset rising costs and kept our customers competitive in a challenging market.
Despite the challenges posed by inflation, we have minimized the impact on our prices, reducing them by approximately 3% compared to the previous year. This commitment to cost reduction not only helps our customers remain competitive in their respective markets but also reinforces our role as a trusted supply chain partner.
We understand that success is a collaborative effort, and our customers’ success is intrinsically linked to ours. As a supply chain partner, we prioritize understanding our customers’ unique needs and challenges, offering tailored solutions that drive mutual growth and prosperity.
By partnering with 110 Metalworks, you gain access to more than just parts and prices – you gain a long-term ally committed to your success.
Are you looking for more than just a transactional partnership? Do you seek more than a one-time part and price for machined and fabricated parts and assemblies?
If you are searching for a strategic contract manufacturer and long-term supply chain partner, look no further than 110 Metalworks. With our proven continual improvement practices, we are here to help you navigate through inflation and emerge stronger than ever.
More About 110 Metalworks
At 110 Metalworks, our journey is not just about growth; it’s a relentless pursuit of excellence. As we evolve, our commitment to unwavering values remains the heartbeat of our identity. Passion for manufacturing runs deep in our dedicated team, uniting with collective expertise to establish us as your steadfast ally.
Our mission? Crafting quality metal parts for the world’s best. Drawing on our extensive experience with metals and diverse materials, we provide OEMs with more than a service—we offer a comprehensive production solution, from simple components to intricate assemblies. No matter your business size, we’re geared to deliver unparalleled value.
We’re not just a supplier; we’re the supply chain partner you can count on. Your success is our success. Ready to elevate your manufacturing journey? Contact us today– let’s build excellence together.