Valley Manufacturer Fights Outsourcing with Novel Strategy
New Haven Register › July 24, 2008
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Summary
Most small manufacturers shudder at the term "outsourcing," but it's the key survival strategy for HMP Industries Inc. The company wants larger manufacturers to outsource their machine parts to HMP.
Unconventional thinking -- turning outsourcing on its head by becoming the outsourcer and ignoring the global marketplace in favor of the regional marketplace -- has been a successful strategy for HMP.See the full content of this document
Extract
Valley Manufacturer Fights Outsourcing with Novel Strategy
The company has grown its sales by more than 30 percent over the last five years, said CEO Einar P. Gudjohnsen, who declined to release sales figures.
Success can be measured in other ways, as well: While m...See the full content of this document
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