Going Global: Expanding the Family Expertise

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Going Global Expanding the Family Expertise
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• In the initial stage of our company, we
  recognized the need to undertake the following
• Update and install control and monitoring systems
  to enable us to meet tighter deadlines and lower
  costs
• Re-assess production methods update technology
  and re-train workers to accept the new production
  methods
• Re-organize the company to be more responsive to
  the opportunities available and to service
  existing clients better
• Professionalize the company to ensure its growth
  for the future.

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• Steps taken in response to the identified needs
• Focusing first on control to bring down runaway
  costs, better accounting and purchasing systems
  were installed and continue to be refined
• Production was streamlined and switched as much
  as possible to line work in order to meet
  production. Piece rates were re-studied as this
  is a natural incentive to improve production
  throughput
• Increased marketing efforts as we were largely
  dependent on only one client

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• The current focus is to undertake the following
• Conceptualization and implementation of a
  production planning and monitoring system this
  may seem very basic but for our company we have
  upwards of 500 designs in our active production
  file, the volume requirements for these 500
  active items range from 1 to thousands skills
  requirement vary from basic to very skilled

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• Establishment and continued implementation of a
  costing system to cope with the real time changes
  in commodity prices of gold and silver this has
  given us a lot of grief as silver prices were
  stable for the longest time but we are evolving a
  costing procedure to cope with this
• Cataloging and preparation of databases of
  designs, raw materials and other inputs to serve
  as basis for the systems
• Productivity assessment of employees and workers.
• Improve our marketing efforts and follow through.

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• As a result of some of our changes, our clients
  have asked us to increase our capacity
• This means a rapid growth from 25,000 pcs per
  month to 75,000 pieces per month within the next
  three years. We have opened a new plant in Clark
  as we have to import items from time to time and
  we need relief from VAT in order not to deplete
  our working capital
• The number of our workers grew from 170 to over
  200 in one plant while we train workers in our
  second plant in Clark. We estimate that at the
  end of three years, we will have a total of 250
  workers per plant or a total of 500 apart from
  head office staff.

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• Reduction in cost as we continuously review our
  production methods to eliminate unnecessary steps
  or transfer steps to machines from workers
  updating of technology to improve component
  preparation improvement of worker skills by
  finding better fits for their skills and
  potential to learn
• Continuing identification of what needs to be
  changed..