Met-Pro sees its revenue and earnings impacted by the downturn, but uses lean and flexible strategies to sustain profit margins. ...
... "Gross margins in the quarter remained strong, reflecting the continued progress of our efficiency initiatives, including global sourcing, more effective logistics, and lean manufacturing, as well as the ability of our flexible manufacturing strategy to quickly adjust costs to match our level of business activity. " ...
Via PR Newswire: Met-Pro Corp First Quarter Results
Met-Pro incorporates outsourced or contract manufacturing in its business model. ...Met-Pro Corp via Seeking Alpha
: "One of the things you got to look at, Leonard, is we do a lot of outsourcing. When you look at Met-Pro, we have several facilities that are manufacturing facilities, but a number of our business, for instance, Flex-Kleen
or Systems business, they do not manufacture anything in house. Okay? So they buy it outside and that – what that does for us is we're able to accelerate our ability to meet the demands of the market, but also when the market is slow we're able to cut back more quickly than most people that have manufacturing facilities. "
Labels: flexible-manufacturing-model, lean-management, met-pro, profit-margin