PEORIA, Ill. -- According to an Advanced Technology Services, Inc. (ATS) survey, the majority of manufacturing leaders and plant managers say they would outsource non-core functions, specifically the maintenance of their production machinery and assets, in order to bolster against recession.
By implementing lean strategies, eliminating hidden waster and flexing with a customer's changing business needs, manufacturers can defer capital expenditures and be better positioned when the economy recovers.
"Companies are being forced to reexamine how they're doing things to gain more efficiency from their manufacturing assets during this recession," said Jeffrey Owens, President of ATS.
Outsourcing non-core functions can help them improve productivity and cut costs in challenging economic times, Owens added.