There’s no question that in the digital age, data is king. For years now, economists have said data is worth more than gold or oil. But what is it worth to your mulch production operation? Many colored mulch producers rely on a few key performance indicators (KPIs) but struggle to capture data in a way that makes sense for their needs. That’s because their mulch coloring equipment doesn’t give them the ability to track production in real time or view data at a granular level. Thankfully, there are now better alternatives that can help mulch producers get a better handle on costs and optimize production rates. Here’s how a technology upgrade that yields more actionable data could lead to better financial performance for your business.
Mulch producers face a dynamic and fluid set of challenges that can make planning and forecasting difficult. You not only need to respond quickly to customer orders, but you also have to contend with weather considerations, the availability of fiber and any equipment issues that inevitably pop up. To put yourself in the best position for success, you need to be able to make swift changes and remain nimble so that you can take advantage of shifts in the market, the weather or any other variable that comes your way. This means organizing your operation to be as agile as possible. Here are five tips on how to increase business agility and some insights on how your colorant supplier can help you achieve that goal.
To maintain profitability as a mulch producer, you need to carefully track all expenses and keep your costs in check. Most producers have a good handle on fiber and transportation costs. But despite best efforts, there are some costs that often go overlooked by some mulch producers. Here's a look at some of the hidden costs associated with running a mulch yard as well as some tips for how to reduce them.