A recent survey by MagnifyMoney ranked the U.S. metro areas according to where the average working woman could have the ability to better or maintain her financial health. We looked at the data from the perspective of how many women were employed in the manufacturing sector.
Top 10 Cities For Manufacturing Jobs For Women
Topics: Manufacturing, Women in Manufacturing
Small Manufacturers Face Challenges; Technology Can Help - Part 2
While small, agile businesses may have some distinct advantages over larger competitors, they also face their fair share of challenges. Small Business Week (April 29-May 5) provides an opportunity to spotlight those challenges and what can be done to overcome the obstacles. A wide range of stakeholders rely on the success of small businesses. Small job-shops, fabricators, subcontractors, parts suppliers, engineering firms, and niche manufacturers play important roles in the overall economic stability of the industry. We need small businesses to thrive.
Topics: Manufacturing, Technology Challenges
Paras Steel Industries Selects Infor LN As Its ERP System And ICCG As Its Implementation Partner.
Noida, India – June 15, 2018 -- Independent Computer Consulting Group (ICCG), a Global Information Technology Solutions Provider for the Enterprise announced today that it has been selected by Paras Steel Industries to be their implementation partner for Infor LN, an ERP that combines a pioneering, and state-of-the-art user experience with robust, industry-tailored manufacturing functionality.
Topics: Announcements, Press Releases, ERP
An Infographic: How To Get Started On Your Digital Transformation Journey
Topics: Digital Transformation
Honoring Small Manufacturing Businesses; Celebrating 5 Distinct Advantages - Part 1
Small Business Week was in early May and it provided an excellent opportunity to celebrate the high success rate of small businesses in the manufacturing industry, while also offering advice for further growth. In this digital era of fast paced change, small businesses are ideally suited to seize unfolding opportunities. Their nimble nature, ability to make fast decisions, willingness to reinvent business models, and a passion for innovation give small businesses an important competitive advantage.
Topics: Manufacturing, Technology Challenges
Breakthrough Business Models, Part 4: Usage-Based Pricing; Servitization
Dealers have always been focused on service, but today, as manufacturers and equipment management dealers seek to differentiate themselves both are increasingly reliant on services. The services provided by the dealer and manufacturer have become as important to brand loyalty as the equipment itself.
This name for this trend is called servitization and it simply means applying a service to a product in order to create additional value or a new offering to customers.
The servitization of the heavy equipment industry has been evolving for many years. While onboard technology enhanced the performance of single machines, the data it produced was rarely accessed for other purposes. In contrast, today low-cost sensors and wireless technology allow for real time analysis of the data of entire equipment fleets, allowing dealers to extend their offerings to include fleet management and other services. Still emerging is the use of analytics and artificial intelligence to provide additional customer insights.
Topics: Distribution
An Infographic: Consumers Want Supply Chain Visibility And Performance Or They Will Switch Brands
A recent survey conducted by YouGov on behalf of Infor shows that consumers now expect a supply chain visibility solution as part of the brand experience. Download this infographic to learn how consumer expectations are on the rise across all product categories.
Topics: Supply Chain, Supply Chain Visibility
Breakthrough Business Models, Part 3: Asset Sharing
Is equipment-sharing the elephant in the room that traditional dealers and rental firms don’t want to talk about? That’s the view of Frank Manfredi, industry consultant and president of Manfredi & Associates, a consulting firm and publisher of Machinery Outlook.
“People just don’t understand what it could do them,” says Manfredi. He likens the impact of the equipment-sharing model to that of equipment rental which was once a small sector of the industry but now accounts for more than half of the machine inventory. “People were in denial about that, too,” he says.
“There’s excess capacity in the system,” says Manfredi. “Eventually, no one is going to care who owns the equipment, all they want is the hole dug in the ground.”
Topics: Distribution
Thriving in the Age of Amazon: Embedding Yourself In Your Customers’ Business
For a measure of how e-commerce and cloud computing are obliterating old business relationships and creating new, unexpected, and deeper partnerships, look no farther than distributors that are embedding themselves much more deeply in their key accounts’ day-to-day operations.
In times past, the underlying rule of business was that good fences made good neighbors. Customers and suppliers would interact, visit back and forth, and gradually get to know each other’s business needs, wants, and abilities. They would build mutual respect, might eventually become friends, might even get families together for an evening or a special occasion.
But there were still more walls than windows. Business was business, and companies would never have expected direct visibility into each other’s operations.
Topics: Distribution
Breakthrough Business Models, Part 2: Where To Look For Opportunities
Innovative business models are viewed as a way to protect businesses from disruption. Unlike product innovations, multi-dimensional business models are more difficult for competitors to replicate.
According to Soren Kaplan, best-selling author of Leapfrogging and The Invisible Advantage, and co-founder of UpBOARD , one of the first steps for business owners when pursing a new business model should be an assessment of the current industry. “If new competitors are entering the market, if competition is increasingly based on price, if differentiation is harder, you’re in a mature market,” says Kaplan. “This means you’re likely to see business model innovation happen.”
With digital disruption happening in virtually every industry, your choices are to drive it yourself or become the next Blockbuster or Borders.
Topics: Distribution