A 3-shift shop with an hourly rate of $75 an hour, reducing a cycle time for a 1-hour part just by 17 minutes can result in $132,600 savings per year. The associated video is a comparison of machine hardware, but cycle time can also be cut significantly by programming alone.
As a production shop, it may seem ideal to have it staffed full of top skilled tradesman. It would be more beneficial to staff a production facility with fewer top skilled tradesman and more skilled labor to keep cost down.
It can be a risk for any business if you’re taking on a new product or growth. Outsourcing professionals to help transition or support your new addition can cost less. This also allows your business to operate normally alongside of the newly expanded line and be able ease into the rapid expansion.