Reducing costs is one of the most crucial elements involved in driving your organization towards operational excellence and success. Manufacturers are finding themselves under pressure to optimize costs, quality and efficiency, while keeping up with the newest technological trends and adapting to market conditions.
NJMEP has the following programs to help you on your journey towards operational success:
Lean Business Solutions
There are various Lean tools available to help manufacturers identify waste, become more efficient, and reduce operational costs.
R&D Tax Credits
Most manufacturers are unaware that their efforts in designing quality products and developing or refining the process to manufacture them qualifies as R&D, and may make them eligible for tax credits for expenditures associated with these activities.
NJ manufacturers are being challenged by higher energy costs. The Energy Alliance Program is designed to help companies increase their purchasing power to reduce their energy prices.
Green Manufacturing & Sustainability
“Going Green” isn’t a trend. By adopting green and sustainable practices, manufacturers can become more marketable, increase efficiencies, and reduce costs.
Revamping the layout of your facility can help manufacturers improve product flow in order to maximize efficiencies and production levels.
Inventory Analysis & Management
The absence of proper inventory control can lead to increased wastes and costs. NJMEP can help you restructure your inventory management systems to increase efficiencies.
The goal of continuous improvement initiatives is to set the foundation for ongoing growth. Specific and measurable goals are identified and a path towards improvement is charted.