Toll processing, also known as toll manufacturing, is the practice of outsourcing a manufacturing process to a third-party service provider. In this arrangement, the manufacturer would provide the industrial plastic scrap to our team so we can handle the processing and manufacturing. Toll processing can be an effective way to reduce the cost of managing industrial plastic waste and minimize the environmental impact of scrap plastic.
One of the biggest advantages of toll processing is that it allows manufacturers to save money on capital expenditures. By outsourcing manufacturing processes, manufacturers can avoid the high costs of building and maintaining their own processing facilities. This can be especially beneficial for smaller manufacturers who may not have the resources to invest in their own facilities. Additionally, we have specialized equipment and expertise that most manufacturers do not possess, which can further reduce costs.
Another benefit of toll processing is that it can improve efficiency. Since we specialize in sorting, toll grinding, pelletizing, shredding, toll compounding, destruction and baling of industrial plastic scrap, we can often complete it quicker and more efficiently than manufacturers who may have to split their attention between multiple processes. This can reduce lead times and increase productivity, ultimately resulting in cost savings for the manufacturer.
Our toll processing can also increase flexibility for manufacturers. Outsourcing manufacturing processes allows manufacturers to adjust production levels quickly and easily. For example, if demand for a particular product suddenly increases, a manufacturer can simply increase their order with us to meet the demand. Conversely, if demand decreases, the manufacturer can reduce their order without incurring any additional costs. This flexibility can be especially important for manufacturers who operate in volatile markets or who experience seasonal fluctuations in demand.
In conclusion, hiring Next Generation Plastics for toll processing can be a cost-effective way for manufacturers to outsource manufacturing processes and save money on capital expenditures while also improving efficiency and increasing flexibility. For more information about how we can help you develop or improve your company’s recycling program, please call us at (330) 668-1200 or email us at [email protected].