The manufacturing of unique products and the consumer demands for increased variants and features and options are requiring the need for change within business operating software. If you are still focused on core ERP to make efficiency improvements, cost reductions and streamlining your supply chain, you are only going to get half way to optimal success. You must start looking forward to how you are interacting with your customers and meeting their demands for unique products. The new millennial buyers are thinking differently and expect their products to be built the way they want. Let’s take a look at what you should be looking at for the future if you are going to lead the market through the offering of configured to order products, versus becoming commoditized and marginalized.Read More
The interactive online buying experience is becoming a part of our day to day purchasing experiences. Car manufacturers have been relying on this interactive; “build your model” feature for quite some time. Another early adopter of this technology was the fast food pizza industry. When was the last time that you actually called your local store to order a pizza? As consumers, we have been introduced and adopted the “build your own” retail experience.
These innovative ways to shop on a personal level are slowly influencing the manufacturing industry . . .Read More
Typically, a relationship starts with expectation and excitement. And you invest in it to see where it will lead you. Investment comes in many forms, and varies based on the type of relationship. You may invest resources, money, time, and assets, not to mention emotional equity into something that has value to you.
Over a period of time you either discover that the relationship is working for you, or you determine that it's not. In the event that the relationship isn't working, there is usually a natural parting of ways, a "conscious uncoupling", or a dramatic scene that finally spells "the end". No matter how it happens, getting out of a bad relationship is liberating.
Think of all the business relationships you have developed over the years. Often, these relationships are good and built on mutual benefit. On occasion, you will find yourself clinging to something that just isn't working. This can happen for a number of reasons:Read More
If you don’t know where you are going, you will probably end up somewhere else.”
- Lawrence J. Peter 1977
Sounds simple enough. If you use GPS, you have turn by turn directions that will take you from point A to point B. But if you don’t plan well enough or your GPS is out of date, even when think you’re sure of where you’re headed, you don’t always end up where you expected.
I see a lot of businesses that know that they need to improve “where they are”. They’re pretty sure they know “where they should be” but lack experience driving the bus. What they need is a business GPS! Let’s simplify the examples. If you don’t have . . .Read More
One of the challenges of creating highly customizable products is knowing the rules. Knowing the rules and providing accurate pricing for customers is half the battle.
Customizing products not only requires resources from your sales team, but also requires engineering input, and quite possibly, additional production resources. It can be difficult to place a value on the input needed, and maybe even more difficult to price a product if you are unsure of all the production costs.
Car manufacturers have been utilizing . . .Read More
In college, for those in the School of Business and Management, there were lots of presentations to give that required us to have documents from just about every program in the entire Microsoft Office Suite. These presentations weren't all that bad considering that my friends in the History and Psychology departments were inundated with research papers. The Power Point and Excel portions of these presentations weren't so bad, and especially if you had a month to complete the assignment.
Can you imagine a month to complete a proposal now? Now, you have one opportunity to . . .Read More
If you had to choose the top 10 articles for the manufacturing industry over the last couple of years, it is pretty safe to say that the words "additive manufacturing" and "3D Printing" would be included.
If only Darth Vader had access to "3D Printing" when he was building the Death Star. The Rebels may not have won. So, Star Wars fans can be thankful that we aren't all parading around as converted Storm Troopers.
As manufacturers begin to explore and implement 3D Printing and Additive manufacturing to increase productivity and profitability, the need for . . .Read More