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Technology alone does not solve problems. Customer relationships and processes that take full advantage of new-found abilities to improve cycle time and delivery options are where your priorities should be.
Initiate Insourcing
In-plants with upgraded processes and equipment are in an excellent position to insource work, especially if current assets are being underutilized. One way to turn an in-plant from a cost center into a profit center is to assess the opportunity and benefits of taking in work from the outside. Since incremental costs are minimal, profits and value-generating growth can be substantial. Insourcing might also facilitate additional investments in other capabilities, technologies, people or processes.
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