Tag Archive | Manufacturing
Accelerating Time to Market for Manufactured Goods
Manufactured products are constantly changing in order to keep up with the tastes and needs of individual customers. With these desires changing more rapidly today than they did in the past, manufacturers have shorter lead times and tighter budgets under which to create solutions that can meet their customers’ needs. In many cases, the customers want customized goods to meet a specific need, which can be even more difficult for the manufacturers to accomplish in the time frames often available.
Optimizing the Lead-to-Order Process: Step 1
Selling customizable products and services can be a difficult activity. Customers want what they want, when they want it and at the price they want to pay. While it is not possible 100% of the time to meet all of these requests, there are ways that salespeople can make use of the lead-to-order (LTO) process in order to meet as many of those needs as possible. This is the first in a series of steps vendors can take in order to optimize this process.
Gartner Report Reveals Product Configurator Benefits
A report from Gartner has revealed that that “configurable product value chains with mature configuration processes have a 2% margin improvement and a 500% increase in order accuracy”.
Risk Number 4 : Not Completing a Valid Product Model and Process Design
We’ve all met a know it all: the one who doesn’t want to read directions, or listen to other people’s ideas. And of course the worst ones are the ones that try to ignore unexpected problems or try to cover them up quietly to avoid having to admit they were wrong. We all do this sometimes; I once nearly drove off a cliff on a small Greek island before finally agreeing to ask for directions (turns out we were on the complete opposite side of the island).
Coping With the Global Manufacturing Rebound
We have recent been seeing data coming out demonstrating that the global manufacturing industry is rebounding from the recent recession at a breakneck pace. As reported by Don Miller of Money Morning, “[in] the United States, the Institute of Supply Management (ISM) revealed that factory output expanded in March for the eighth consecutive month, accelerating at its fastest pace since July 2004.”
