Firms are reluctant to invest cash and resources in companies that aren’t meeting financial expectations, so we created a way to slash cost 15% to 25% in labor-intensive operations with no out of pocket cash nor internal resources. Companies quickly improve their cash flow and shareholder value.
What if you could find savings in your business by better understanding one of your largest costs. One of the first items nGROUP investigates is the true hourly cost of labor. Many companies have a cost line in the P&L, a labor report, or some calculated cost for their personnel. This often times lead to missed opportunities or misunderstood results.
In the right environment a Cost Per Unit (CPU) model is far superior to a traditional hourly staffing model. In a CPU the provider shares in risks and rewards, and there is an economic incentive to drive performance in a way that aligns with the client. In an hourly model, it’s the opposite. The provider is paid regardless of the outcome or performance and the client bears many of the risks associated with managing the workforce.
Compared to most of the purchases people make, buying a B2B service typically lacks both the instant gratification of going to the store and the convenience of e-commerce. It’s understandable why 71% of B2B buyers say they want B2C-like experiences – faster response times and 24/7 availability—but nearly half (49%) say they’re failing to deliver. At nGROUP we haven’t quite gotten to the click-click-click-done experience of Amazon, but we’re working towards it, and over the past 20+ years we’ve created a 3-step journey to workforce management euphoria:
In today’s volatile marketplace, manufacturers need to function as efficiently as possible to control costs and maintain agility — both fundamental aspects of competitive positioning. As such, good labor management is critical to ensuring efficient operations. But what is labor management, how can you improve yours, and what human and technological components do you need to take into consideration?
Topics: performance partners, reduce labor costs, Labor Cost Solution, Process Analysis, Warehouse Technology, Manufacturing Management, Improve Efficiency, Increase Productivity, Workforce Management, Workforce Management Tools, Improve Labor Management, Great Labor Management
According to Harvard Business Review, an organization’s long-term success hinges on enterprise alignment — a value chain in which the organization’s purpose is aligned to its business strategy, organizational capability, resource architecture, and management systems. Among management systems, workforce management is perhaps one of the most critical, since every organization depends on the efficient management of its talent to accomplish its objectives. In this endeavor, cost and performance are both important aspects to consider.
Like most operational executives, Bob Duron has faced THE CHALLENGE – How do you address worker retention, find enough good people, manage rising labor costs, implement productivity improvements AND reduce costs?
Topics: labor shortage, nGROUP, warehouse efficiency, Labor Management, Lean Manufacturing, Business, reduce labor costs, labor costs, employee retention, Energize Employees, Labor Cost Solution, Labor Solutions
We are all feeling the labor crunch. It’s hard to recruit, train, retain and make progress all at the same time. All of these labor challenges boil down to the fact that we are tasked with developing a rapport AND a system of accountability with the workers that ultimately determine our success. At nGROUP, we have taken on such challenges and created a labor model with specific tools and competencies that maintains flexible staffing while delivering the performance and quality that companies seek – with less sweat.
In the world of food processing and packing, we spend a great deal of effort focusing on production efficiencies and lowering labor cost per unit to improve profitability. However, fresh food processing presents a number of challenges that requires additional focus on improved product yield.