Vion in cash saving process
Economic support agency Invest Northern Ireland has claimed it has saved firm Vion £470,000 in a programme aimed at cutting costs and increasing profitability.
By employing a Business Improvement Agent (BIA) for three years with salary support from Invest NI, the BIA was able to identify areas of improvement of processes throughout the Vion business and implemented measures that generated savings of over three times the agent’s salary for the duration of the project.
Vion MD Seamus Carr said: “As part of this Invest NI programme, we monitored energy usage levels closely and made a number of improvements to reduce fuel costs in areas where it was being wasted.
“Other unnecessary expenditure was avoided in relation to refuse disposal by refining our waste management procedures. We also introduced better maintenance processes, resulting in a significant reduction in equipment downtime.”
Partly financed by the European Regional Development Fund, the scheme using a BIA is evidence, claimed Invest NI, of how companies who continuously assess their practices and make improvements, can reduce their costs and increase productivity.
Niall Casey, Invest NI Business Improvement Services director, said: “Our meat industry is well-established throughout Europe, and by consistently improving their operations, companies such as Vion can ensure that foreign food buyers continue to seek superior products from Northern Ireland.”
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