Houtson, TX – Hisco, an employee-owned, specialty distribution company, serving the aerospace, defense, electronic assembly, renewable energy, medical device, and other industrial markets, has long placed high importance on cost savings for customers. That priority was formalized in Hisco’s Documented Cost Savings (DCS) program — in place for over a dozen years — where savings are documented and approved by the customer. The DCS program has just hit $100MM in total customer savings.
“Reducing cost for our customers is in the Hisco DNA,” says Bob Dill, President of Hisco. In all the product and services we provide, such as product specification, supply chain optimization, vendor consolidation, local stocking, vendor managed inventory and more, we look for efficiencies and savings. But we went one step further and actually quantified the value we bring. Our DCS program provides customers with actual data—data that they approve and sign off on—showing the hard and soft savings Hisco generated.”
Hisco and its customers achieve cost savings in a number of ways, including changes to the manufacturing process, product handling optimization, logistics efficiencies, pricing efficiencies, and stocking planning.