Business
DATA Communications Management Corp. Announces Process Improvements and Resulting Cost Savings
DATA Communications Management Corp. Announces Process Improvements and Resulting Cost Sav...
About this update from Data Communications Management Corp.
[{"type":"text","content":"\n\n\n\nDATA Communications Management Corp. Announces Process Improvements and Resulting Cost Savings\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nBRAMPTON, ON, Jan. 31, 2017\n\n\n\nBRAMPTON, ON, Jan. 31, 2017 /CNW/ - DATA Communications Management Corp. (TSX: DCM) (\"DATA\" or the \"Company\") announced today the completion of a process realignment of its operations, which will result in an estimated $2.4 million in cost savings in 2017. In connection with these improvements, DATA expects to incur a total of approximately $1.0 million in severance expenses. \n\nThis restructuring primarily involves a reduction of in-direct labour across the company, designed to streamline DATA's order-to-production process. This process automation is expected to improve manufacturing processes from DATA's on-line web-to-print ordering system, directly to digital production. \n\n\"We began to implement necessary transformational changes in our operations in 2013,\" said Alan Roberts, Senior Vice-President, Operations. \"These announced changes position DATA to become more agile and build a best-in-class process.\"\n\n\"This year, we are focussed on reversing the trend in revenue declines,\" said Michael Sifton, CEO. \"We have completed the right-sizing of our operations to improve process and have shed our non-performing lines of business. We are now concentrating our efforts on growing our business organically and through strategic acquisitions.\"\n\nAbout DATA Communications Management Corp.At DATA, we are experts at planning and driving business communications. We help marketers and agencies unify and execute communications campaigns across multiple channels, and we help operations teams streamline and automate document and communications management processes. Our core capabilities include direct marketing, print services, labels and asset tracking, event tickets and gift cards, logistics and fulfilment, content and workflow management, data management and analytics, and regulatory communications. We serve clients in key vertical markets such as financial s...