What is Hisco's Documented Cost Savings Program. and why it works?
Hisco's Documented Cost Savings Program is a straightforward method to save our customers money, thus increasing their bottom line.
Our DCS program works because we tailor it to your needs. Our engineers will visit your facilities to understand your specific challenges, recommend process modifications, stocking changes, or product swaps. To put it simply, Hisco figures out the "how" to cut costs for you.
Since 2002, we've helped customers like you achieve more than $180 million in cost avoidances and savings through the process, design, and supply chain improvements alone.
We don't just create value; we document it. We'll supply you with a cost reduction form for your authorization to illustrate both direct and indirect benefits of each cost savings event.
Downtime Prevention with Emergency Delivery
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.
Inventory Management Overhaul
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.
Cost-Effective & Efficient Material Replacements
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.
Better Fiber Optics Cleaning Solution
The Problem: Relying on an old fallback product, the customer was wasting exorbitant amounts of money on overpriced fiber optic cleaners.