Insourcing Brings In More Business
So, Fulcomer got creative and started looking for ways to increase revenue so he could buy new equipment. He found that money outside the in-plant.
"For me, the motivation to take in outside work was not only getting new technology, but to be able to fund that new technology, as well," he remarks.
As in-plants struggle to prove their worth to parent organizations, insourcing has become a great way for them to eliminate down time on equipment and bring in money to offset costs. IPG data shows that 44 percent of all in-plants take in work from customers outside their parent organizations. Still, some in-plants have to be careful about what they insource. Fulcomer, for example, is limited in the kind of jobs his governmental in-plant can accept.
- Companies:
- Xerox Corp.
- Places:
- Prince William
- Woodbridge