Accounting Services Prince Manufacturing’s Mexico Accounting Services greatly simplify its clients’ conduct and risk of doing business in Mexico. Because the manufacturers that choose to contract with Prince for Mexican Shelter Services operate under Prince’s RFC (Registro Federal de Contribuyentes), or federal taxpayer ID number, they do not have the need or the obligation to […]
Prince Manufacturing Juarez Team concluded Leader Standard Work Training! As part of our improvement plan for our Juarez team and together with Cole Consulting Group, on March 30th, 2019, we concluded this important training. This training will help our company to better support problem-solving, reduce process variability, better engage our team members and increase discipline […]
Mexico Transportation and Shipping ServicesShelter Services Transportation and Shipping Services Prince Manufacturing provides service to its clients in the critically important area of Mexico Transportation and Shipping through a network of suppliers that it has vetted and developed during its more than thirty years in business. The company works with the members of this […]
Payroll and Benefits Management Because manufacturers are operating in Mexico under the Prince Manufacturing Shelter Services business model, and are not themselves incorporated in the country, Prince provides comprehensive Mexico Payroll and Benefits Management services. This is an area in which Prince assumes all the responsibilities that managing payroll and benefits in Mexico for employees […]
Import – Export Under Shelter Services One of the most critical tasks that Prince Manufacturing executes on behalf of its Shelter clients is Mexico Import – Export Services. Because this area is of fundamental importance to its customers’ success, Prince Manufacturing has assembled a team of seasoned professionals to navigate the complexities of getting products […]
Mexico Human Resources The Department of Human Resources (HR) of a manufacturing operation in Mexico is one of the most important areas of a business. As is the case with each individual country, it is of fundamental importance that Mexico human resources be organized and managed in accord with the country’s rules and regulations, as […]
Technology by nature is designed to create efficiencies. Nowhere is that spirit of progressive innovation more important than in the U.S. manufacturing sector, which accounts for over $2.3 trillion in gross domestic product, or roughly 11 percent of the overall economic output of the entire country. Manufacturing is the second step in the supply chain, […]
It’s the same story with many companies who consider contract manufacturing. They grow, begin exceeding in-house production capacities, decide to find a contract manufacturing partner, and realize outsourcing is just too difficult and confusing. This guide will walk you through the first considerations to evaluate, which questions to ask, and how to know contract manufacturing is right for your organization.
For nearly two decades, US manufacturers saw China as an optimum location for assembly operations – but reshoring from China is becoming a new trend. Due to a myriad of factors – from labor prices to fuel costs to infrastructure – US manufacturers are now bringing their operations back home. The trend is reversing. China is no longer considered the better option across the board. Reshoring to the US and especially nearshoring to Mexico are becoming more and more popular.
As simple as it may sound to reduce manufacturing costs, many producing companies are often at a loss. But the plain fact is, it does not matter how popular your product if you can’t sell it at a profit. It pays to understand these key ways to reduce manufacturing costs and increase profitability.
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