Here's one for the record : FLKI noted for unique cost management success OTC : FLKI
FLKI World Trade Unit has been the source of much interest because of its lock on raw materials permitting reductions of cost of 30% or more over the cost of its competitors - 150% reductions at the consumer level. FLKI product conceptions are conclusively noted for price stability.
With automotive and commercial vehicle manufacturers, lie the vendors of the automobile After-Market. There is a commonality to the bunch, all are struggling to reduce costs, many have recently announced intentions to significantly increase their sourcing from lower cost countries - often at a sacrifice to quality controls and supply line reliability. Fiat for example, recently stated that it intends to increase its sourcing from India by 66% this coming year.
Falken Industries Ltd, a growing company has made a reputation for itself for innovation, and brand support and building. Its product concepts are witnessed throughout the world and it has recently announced a growth by acquisition policy in respect to the United States. Its product concepts have grown capacity to the ability to fill from one pallet to three hundred in a day. Most recently its World Trade Unit has been the source of much interest because of its lock on raw materials permitting reductions of cost of 30% or more over the cost of its competitors. FLKI product conceptions are noted for price stability.
FLKI long ago realized that it was more important than ever to focus on innovative, high quality products and supply lines to learn how to defend the value of its conceptions and ensure products and services and resist demands that they match prices being quoted by lower cost suppliers of far lesser quality. "FLKI product conceptions always maintain the quality and price advantage" said Manuel Garcia, commpunications officer. World Trading its procurement affiliate ensures shorter supply chains, higher quality, innovation and value-added services like design and engineering support offered by FLKI globally, and notably for Western European parts and accessory suppliers. FLKI's World Trading is also in position to allow the OEMs to significantly reduce their production costs and speed time-to-market - benefits they will not enjoy if they source from suppliers in China and India. Unfortunately, the hidden costs of sourcing from low cost countries are often poorly understood by Purchasing Departments of FLKI competitors - leading to a significant advantage for distributors of FLKI product conceptions, the most well known of which is the Clean Plus® brand.
FLKI's World Trading and its tight and effective management of procurement in general was revealed incredibly valuable during the launch of its "Brilliance" line of paint refection products targetting the markets of two Fortune 500 companies and projected to generate sales of $ 12 million and gross operating revenues of $ 4,2 million in 2010.
Distributors marketing FLKI product conceptions in consumer auto care, professional auto care and detailing, DIY and Industrial products where present in mass at the Equip'Auto International trade show. More than 200 attended a full-day workshop where they learned FLKI's best practice techniques that have allowed it to negotiate more effectively, particularly when competing against low cost suppliers.
An attendee who also distributes competing products and who did not want to be identified commented in respect to the FLKI presentation : "We have distributed Clean Plus® products for the last five years. This presentation is the most specific and detailed program in the auto industry to unlock the current price fight on the market, it was an excellent mixture of theory and practice with eye opening examples."
"Defending one's price requires a team effort." added Garcia "That's why attendees included VPs, commercial directors, sales and account managers, marketing personnel, pricing analysts and engineers and other executives of our distributors, and many of our competitors."
Falken Industries Ltd OTC : FLKI is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards. |
