How Much Could Your Company Be Saving?
Hisco Documented Cost Savings Program
It's a truth you've been striving to accept your entire life: time is money, and neither grows on trees. Make the most of your time — and money — and invest wisely with Hisco. Our Documented Cost Savings program was designed to help you realize the maximum potential of every dollar you spend. In fact, we’ve helped customers like you to achieve more than $110 million in cost avoidances and savings to date.
We don't just create value; we document it. For each cost savings event, we'll supply you with a cost reduction form for your authorization to illustrate both direct and indirect benefits. Read on to learn more about our successes… and discover how our Documented Cost Savings program might just be your company's saving grace.
The Problem: Due to an inventory management error, the customer's material supply was depleted on a Friday evening. The company faced production downtime both Saturday and Sunday, for a loss of three shifts on each day.
The Solution: With the required material in stock, Hisco delivered it early Saturday morning to avoid production shutdown.
The Problem: Bogged down with excessive inventory holding costs and shipment/freight expenses, the customer was desperate for an inventory management overhaul.
The Solution: Hisco stepped in to improve the company’s processes. Through Vendor Managed Inventory (VMI), Hisco was able to ensure substantial savings in many facets of the business including rebates, PO reductions, and reduced inventory holding costs and freight/shipping expenses.
The Problem: The customer was planning to alter the production process, moving the manufacture of a subcomponent in-house.
The Solution: Hisco worked with the customer on design and materials specifications, suggesting new materials which were more efficient and cost-effective than the original.
The Problem: Relying on an old fallback product, the customer was wasting exorbitant amounts of money on overpriced fiber optic cleaners.
The Solution: Hisco advised a product switch to Microcare® Sticklers™ for a practical, consistent and thorough fiber optics cleaning solution suitable for any connector – at a fraction of the cost.
The Problem: The customer had purchased a surplus of cleaners and coolants specific to the company’s production process when usage rates suddenly declined.
The Solution: Leveraging our solid relationship with the vendor, Hisco was able to negotiate the return of excess inventory with no penalties or restocking fees.
The Problem: The customer was incurring excessive annual delivery charges to have products expedited to the company’s facility.
The Solution: Hisco designed and implemented a combination of local deliveries and regularly scheduled freight shipments to balance shipping costs.
The Problem: Forgoing personal protective apparel, the customer had not invested in a comprehensive static protection solution — thereby placing the company’s sensitive electronic components at risk.
The Solution: Hisco advised the purchase of ESD smocks for personnel to mitigate the risk of a potentially devastating ESD event, along with the possibility of related failures/rework — saving tens of thousands in lost productivity.
The Problem: The customer was purchasing static shielding bags that were too large for current requirements.
The Solution: Hisco suggested a product substitution, advising a change from 4mil bags to 1mil bags – which resulted in substantial savings for the customer.
The Problem: The customer was cleaning printed circuit boards with a messy and ineffective solution, leading to a lengthy cleaning process coupled with significant maintenance time.
The Solution: Hisco introduced the customer to a new brush cleaning system and complimentary solvent to facilitate the process and reduce the resulting mess — an improvement which increased throughput and saved hours of station downtime.
The Problem: Due to an unexpected increase in production, the customer required rush delivery on materials critical to the manufacturing process.
The Solution: Hisco expedited delivery by flying the necessary materials directly into Mexico, thereby circumventing at least 2-4 days of line shutdown.
The Problem: With an expanse of in-house inventory, the customer consistently wasted money on holding expenses as well as expediting materials critical to the production process.
The Solution: Through our Vendor Managed Inventory (VMI) solutions, Hisco was able to reduce inventory, eliminate expediting expenses and help the customer to save on both material and labor costs.
The Problem: Labeling their own materials and equipment post-delivery, the customer was incurring considerable label, printing and labor expenses.
The Solution: Hisco worked with suppliers to ensure that all items and equipment were labeled to specification prior to delivery, while also negotiating a better price on the labels themselves. A new Vendor Managed Inventory program at the facility resulted in a three percent reduction in overall inventory.
The Problem: Employing a manual ESD wrist strap compliance process, line operators were sacrificing time and losing productivity.
The Solution: Hisco implemented a ESD ground test kit to expedite compliance testing, which actually cost less than the wrist straps themselves.
The Problem: An electronic assembly customer was struggling with solder balls forming during the manufacturing process — which could lead to product failures.
The Solution: Hisco suggested process improvements leading to a reduction in the amount of solder paste required as well as reduction in solder ball formation.
The Problem: The customer used a liquid polymer product during the manufacturing process that worked well, but was expensive.
The Solution: Hisco suggested a product change that met the customer’s technical requirements and delivered the same results — at one-sixth of the price.
The Problem: The customer was using a combination of eight FET cases and an insulator in the production process.
The Solution: Hisco recommended replacement of the existing assembly with a one-piece thermal interface material/insulator, reducing the bill of materials cost and simplifying the manufacturing process.
The Problem: The customer was facing a three-day production line shutdown due to a raw material shortage.
The Solution: With the necessary material currently in stock, Hisco was able to make a delivery in time to avoid potential loss of production.
The Problem: The customer needed lead-free solder — fast — to avoid production downtime.
The Solution: With the necessary materials already in stock, Hisco expedited delivery and worked with the customer to develop an inventory management processes that would prevent late shipments and potential interruptions to the production process.
The Problem: Due to product constraints, the customer incurred an hour of labor costs during each day of the mold release process.
The Solution: Hisco recommended a new product to eliminate manual intervention and eradicate labor costs.
The Problem: The customer's usual 3'x50' ESD mat became difficult to source due to vendor production changes. Although a similar 4'x50' was available, it came with a significantly higher price tag.
The Solution: Hisco was able to negotiate pricing with the vendor to offer the larger mat at an equivalent price, avoiding a substantial cost increase.
Rescue Your Bottom Line with Documented Cost Savings
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