With business improving, woodworkers are faced with operating decisions that they have not had to make in years—most of which require a fresh perspective. When beginning a new project, woodworkers must first decide if it’s crucial to make component parts or to have them outsourced by a qualified manufacturer. To help our customers decide, here are five tips to consider in order to make an informed decision.
Large Project or Spike in Business
Woodworkers are often presented with jobs that have time constraints or sheer size that exceed the woodworker’s capacity. By outsourcing, a company can accept the job with confidence and without having to add personnel, equipment, and other elements that are only needed short term.
Every woodworker has a need for standard parts. Examples of these range from drawer sides to drawer parts and shelving. Suppliers like the Spectrum Division can produce high volumes of drawer components to exact specifications using state-of-the-art machinery. By using Timber Products Company for standard parts, customers will have more time to focus on other important aspects of their business like product and market development.
Reducing Your Costs
Component manufacturers like our Spectrum Division have invested heavily in high-volume, tight-tolerance equipment. Most all of our raw material comes from our mills and timberlands. Because of this, woodworkers can buy components from us for far less than the potential cost to make them.
Knowing Your Cost
One of the main challenges of every woodworker is knowing the true cost of purchasing material, performing labor as well as any additional overhead. Luckily, by purchasing custom or standard parts, you now know your exact landed cost.
Reduce Waste and Inventory
By purchasing component parts, customers get 100% quality parts with zero waste. Little or no wood waste is a great addition to any eco-friendly initiatives.
This article was originally published on the Woodworking Network’s Panel Talk.