EC 101 Article 06 Teamwork Helps Bed-Frame Maker Cut Costs and Compete With Rivals

EC 101 Article 06 Teamwork Helps Bed-Frame Maker Cut Costs and Compete With Rivals

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Teamwork Helps Bed-Frame Maker Cut Costs and Compete With Rivals By JEFF BAILEY WSJ,September 4, 2001 Imagine going seven years without Mr. Weintraub's success stems from a a pay increase. Now, you have a fanatical devotion to cost control taste of what it's like to be a and productivity and from a bit of manufacturer these days, where luck: His company has by necessity flat-to-falling prices are a grim always sold mostly to smaller fact of life. feasting on bed-frame sales to That would seem to give every national chains, and for now little advantage to the biggest mattress shops are beating the companies. Economies of scale make stuffing out of department stores. their factories more efficient. Their broader product lines may To make simple bed frames, old give them some hope of raising railroad track is pulled up and prices on at least some of their melted down by steel recyclers and products -- as well as appeal to turned into strips of so-called customers looking to reduce their angle iron, delivered in bundles cut roster of suppliers. to bed frame length. Holes are punched. Rivets inserted. Frames Amid the punch presses and painted. And the assembled frame and riveting machines at Mantua casters stuffed into a box and Manufacturing Co., Bedford, Ohio, shipped. there aren't any quantum leaps in
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This note was uploaded on 04/26/2011 for the course ECON 101 taught by Professor Idson during the Spring '08 term at BU.

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EC 101 Article 06 Teamwork Helps Bed-Frame Maker Cut Costs and Compete With Rivals

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