Ready to relocate? Bet not!

The factors to be considered before relocating a plant, which can be a risky business, are discussed. It should be approached with trepidation. For relocating a plant, one should specialize in the high revenue products and leave the others to subcontractors. It is found that outsourcing is an important element of relocation. The firm should take a hard look at opportunities for improving the remaining processes and functions. This will allow the firm to precisely size in-process and finished goods inventories and optimize working capital needs. It will also let the firm optimize the workforce, by matching people to tasks.