CASE STUDY - CONSTRUCTION VEHICLES
Profit Professionals Helps Construction Vehicle Manufacturer Save $600,000 in Non-Core Expenses
For Canadian manufacturers a strong Loonie can quite often be both a blessing and a curse. While on the one hand, you have greater purchasing power for materials and supplies, on the other hand you have a weakened demand for international sales because export costs are that much higher.
A large construction vehicle manufacturer recently experienced this paradoxical situation first hand and called on Profit Professionals to help. The company of over 500 employees found itself struggling under a high dollar, intense foreign competition and a slow market.
Profit Professionals came in and immediately pinpointed where savings could be found. Poring over contracts, invoices and supplier agreements, Profit Professionals ended up carrying out seven extensive projects, five of which ended up saving the company over $600,000.
Finding out that it was overpaying for courier services, employee uniforms, office supplies, waste management systems and also Workplace Safety & Insurance Board (WSIB) coverage, the company quickly implemented the changes that Profit Professionals recommended and soon thereafter found itself a more efficient and competitive manufacturer.