Bulgaria Bulgaria, Bulgaria Grape growing and wine production have a long history in Bulgaria. Dating back to the times of the Thracians, recipes have been handed down through the generations from father to son. The origins of winegrowing in Thrace modern day Bulgaria date back so far in time that its roots are mythological:
Manufacturing companies have a myriad of reasons for outsourcing production, but the main impetus for deciding in favor of outsourcing usually boils down to one thing: Labor Costs Part of any analysis for a manufacturing company deciding to outsource any of its operations includes the cost of labor.
Labor remains one of the biggest costs of any manufacturing company. Having employees on the company payroll means paying them a competitive wage and, for most companies, it also means providing some form of employee health benefits.
Companies can outsource labor simply by using workers from temporary agencies instead of having employees on the payroll. Benefits for the company that outsources its labor include the flexibility of increasing or decreasing staffing needs as required, a lower hourly wage paid to a temporary worker than that of a comparably skilled fulltime employee and less employee healthcare benefits expenses.
Overhead Cost Many United State companies have outsourced their manufacturing to eliminate the overhead cost associated with operating a manufacturing facility stateside. These overhead costs include utilities, such as gas, electric and water, and the maintenance required to operate production equipment.
Other overhead costs include indirect labor such as quality assurance personnel, equipment technicians, material handlers, and shipping and receiving personnel. Flexibility Some manufacturing companies have gained increased flexibility by outsourcing their production.
Typically, production gets outsourced to a contract manufacturer, or a company that produces goods under the label or brand of another firm. Contract manufacturers might produce goods for two or more companies, and even for competitors within the same industry.
Since the contract manufacturer has more production capacity the ability to produce more goods than the original manufacturing company, it can respond to increased production requirements faster than the original manufacturer. Instead of the original manufacturer making a capital investment in new equipment to increase its production capacity, it informs the contract manufacturer that it requires more goods.
Focus Some companies have experienced extreme paradigm shifts that have prompted them to outsource their manufacturing. A company that realizes its core competency, the thing it does best, is the sales and marketing of its product and not the production of its product may often choose to outsource its non-core activity, or the manufacturing of its goods.
With the production outsourced, the company can now focus its resources, both human and financial, on the areas that increase revenue and profit. Normally, outsourcing reduces manufacturing costs, so if the company increases its revenue through a better focus on sales and marketing, it increases its profit margin as well.
References 2 Business Dictionary: He is a graduate of the New York Institute of Photography. Photo Credits Shopfloor image by ladywearsblack from Fotolia.Wine Production Essay examples Words 6 Pages research, it was found that Wine C, the wine with the greatest alcohol content, experienced the greatest change in sugar levels throughout, the next highest was Wine B and then finally Wine A, the wine with the least amount of sugar.
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Refine your freelance experts search by skill, location and price. Check freelancers' ratings and . Outsourcing Wine Production to Bulgaria Essay 1. Outsourcing Outsourcing (contracting work out) occurs when a producer acquires goods or services from an . Bulgarian Dairy Products.
All conditions for production of quality dairy production in Bulgaria are present! Strong traditions, excellent climate, availability of quality workforce and low operational costs make this sector extremely attractive to investors.
Jun 29, · Outsourcing your production, particularly overseas, usually means that you cede a certain amount of daily control to your contractor. Entrepreneur notes that this may result in . Find statistics, consumer survey results and industry studies from over 22, sources on over 60, topics on the internet's leading statistics database.