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The Competitive Advantage: Building Your Labor Pool with Veryable

By
Shane Stewart
January 11, 2024
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The traditional way of hiring full-time employees or relying on temporary staffing solutions may not be the best approach for businesses in today's fast-paced and ever-changing economy. Instead, businesses can leverage on-demand labor through building their labor pool to meet their fluctuating customer demands in real-time while staying profitable. In this blog, we will explore the benefits that businesses have gained from building their labor pool using Veryable and the steps they took to do so. We will also provide specific examples from case studies to demonstrate the impact of building a labor pool.

Enhanced Efficiency and Productivity

When businesses build their labor pool using Veryable, they can efficiently scale their workforce up or down based on demand, without the need for full-time hiring or temporary staffing solutions. This allows them to effectively respond to customer demand in real-time, maintain peak production levels, and avoid overextending. For example, PhoLicious, a producer of authentic Pho bowls, used Veryable to fulfill large orders and maximize profits while staying lean. By leveraging on-demand labor, they were able to run their operations smoothly, without any disruption to their productivity levels.

Improved Flexibility

Building a labor pool helps to enhance the flexibility of your workforce. The labor pool model provided by Veryable allows businesses to take on work orders with short lead times, fulfill large orders and avoid overcapacity. This enables businesses to avoid the risk and costs associated with traditional staffing approaches while also allowing them to meet their customer's needs more efficiently. For instance, Lone Star Overnight (LSO), a leading delivery company in Texas, flexed capacity daily to meet productivity targets and reduce lead times. They were able to access labor that matched the variability of their daily demand, allowing them to be more flexible in their operations.

Cost-Effective

Building a labor pool offers businesses a cost-effective way to scale their workforce. With the ability to access on-demand labor, businesses are only increasing their headcount when absolutely necessary, avoiding unneeded labor costs. Scentsational Soaps & Candles, a handcrafted soap and candle manufacturer, leveraged on-demand labor to empower growth and strategic vision through flexible labor. This allowed them to access a cost-effective alternative to hiring full-time employees without sacrificing productivity.

Upskilling and Community Empowerment

Building a labor pool doesn't just improve the flexibility and efficiency of your workforce. It also offers an opportunity to upskill your supervisors and empower the community. Intertech Products, leveraged on-demand labor to up-skill their supervisors and enable their community with flexible labor. They were able to access a more advanced labor pool, allowing them to maintain a competitive edge in their industry.

Competitive Advantage

Building a labor pool provides businesses with a competitive advantage in their industry. By transforming production with on-demand labor, businesses can gain new flexibility and competitive agility. United Plastics Group (UPG), a manufacturer of high-end plastic products, gained efficiency and flexibility when they built their labor pool. They were quickly able to access on-demand labor which provided them with the ability to take on more work without needing to hire additional staff. Additionally, RTIC, transformed production with on-demand labor and gained a new competitive edge in the market. They were able to use a flexible labor pool to access highly skilled workers easily, reducing resourcing costs while producing a higher-quality product.

In conclusion, building your labor pool using Veryable provides numerous benefits to your business. From enhancing the efficiency and productivity of your workforce to improving your competitive advantage, building a labor pool delivers cost-effective, flexible labor when you need it most. The case studies we’ve looked at have demonstrated that companies such as PhoLicious, LSO, Scentsational Soaps & Candles, Intertech Products, United Plastics Group (UPG), RTIC and ShineOn have all leveraged on-demand labor to transform and improve their businesses. If you haven't already, it's time to consider building a labor pool and enjoy the benefits.

Here are the case studies mentioned in the blog:

PhoLicious Case Study

Lone Star Overnight Case Study

Scentsational Soaps & Candles Case Study

Intertech Products Case Study

United Plastics Group Case Study

RTIC Case Study

ShineOn Case Study

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Shane Stewart

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