Dennis Wong

Topic: Reliable Silver Announces lowest overall cost program

A Novel Approach to the Pricing of Precious Metals for Plating

Reliable Silver Corporation, which fabricates precious metals for industrial, decorative and investment applications, has established a new pricing approach that includes eliminating waste that could increase productivity and lower overall cost.

To help companies lower their cost in the purchase and use of fabricated precious metals for plating, the new management at Reliable Silver Corporation is introducing a novel pricing approach that addresses the financial impact of job components throughout the process from materials planning, inventory management, ordering, timely deliveries, production and payment.

The result is Reliable Silver pricing of quality custom fabricated products with flexible terms to meet customer needs, expectations and desired outcomes in regards to production, profits and growth.

COO Stan Steinberg, and the Reliable Silver team have taken a fresh look, and see value in adapting sound business practices from various industries. 

Steinberg mandates that “We put customers at the center of our planning.”  He says, “As timing is critical, we address the most relevant concerns which at this time are the economy and business costs.  Then we put together programs which can help our customers. In this case, we look at how we can lower the overall cost on their use of precious metals.”

As an example, Steinberg says, “We use only hi-purity virgin silver (99.99%) in our fabrication of anodes, wire and strip.  We eliminate the problems of impurities that could have negative costs from product waste and production stoppages.  Further, we review with our customer the cost of inventory, shipping and terms.  Then we jointly set goals, measure our performance and adjust as necessary to do better.  Our commitment is that we work hard to win customers, and even harder to keep them. ”

Reliable Silver Corporation has a national list of customers including Fortune 500 companies and entrepreneurial businesses in a wide-variety of industries, and is based in Naugatuck, CT.

For more information about Reliable Silver and the Lowest Overall Cost program, visit the company web site or call (203) 574-7732.

Attachments: Click Here to See a flyer on Waste Elimination by Reliable Silver