Nortech Strategic Focus: Lean Manufacturing Initiative to Drive Significant Profit Margins

Nortech Systems reports 17 percent increase in quarterly net sales and an increase in annual net income. The company is initiating a lean manufacturing program to continually improve operational efficiency resulting in expansion of profit margins. ...

... "During 2006, Degen said higher costs for energy and commodities were offset by volume increases and operational leveraging. Another strategic focus for Nortech is the launching of a comprehensive lean manufacturing initiative aimed at further cost reductions and continual improvements. This program has a near-term goal of increasing the company's net profit significantly. As with lean manufacturing efforts, Nortech will continue to focus on building customer relationships that will permeate every aspect of the company, not just sales and customer service. While strengthening its relationship with existing customers, Degen said the company continues to gain traction both with new customers and new markets. " ...

Via Nortech: Nortech Systems Reports Fourth Quarter, Fiscal 2006 Year-End Results ...