When recession hits, businesses fold. It’s just the way things are, and manufacturing always gets hit hard in a downturn. If people aren’t buying, then companies aren’t producing. And unless your manufacturer is recession proof, you could be looking for a new one when the bad times bite.
Recession proof—what does that really mean?
The idea is that by following best practices, companies can be strong enough to ride out the tough times. Best practices include:
• maintaining cash flow
• reducing inventory costs
• focusing on what you do best
• offering superior customer service
Oh, and there’s one more—work extra hard to steal away customers from the competition! This is why you often get those too-good-to-be-true quotes from some manufacturers during industry slowdowns. And to be honest, if a quote seems to be too good to be true...then it probably is.
At the end of the day, changing your wood-furniture component manufacturer is a big step to take, and sometimes it’s a step into the unknown. Sure, the new company may offer you the World, but can they deliver? And how long will it be before their rates begin to creep up again. Plus, it’s a fact that most client-fulfillment errors occur during times when companies make big changes...such as swapping manufacturers.
There have been seven recessions since 1963, and Newport Furniture Parts has survived every one. Now, that’s recession proof.
Newport Furniture Parts are quite simply the perfect solution for any company that requires a wood furniture and wood-furniture component manufacturer. Newport Furniture can manufacture, assemble, upholster, distribute and stock your furniture or furniture components. When Newport Furniture becomes your manufacturer, you can relax safe in the knowledge that you will never need to change manufacturers again.