In the News

Danielle teaches best practices around Supply Risk in the Age of Coronavirus and Strategies for Improving Continuity of Supply

ManufacturingPower and Strategic Training Endeavors are proudly presented the following:

I.    Brief intro Danielle & Sponsors 

II.   Global Pandemic – COVID-19 Landscape 

III. Identification of Risks in Age of COVID-19  

IV.   Risk Mitigation for Supply Chain Resiliency

"I, fell into industrial supply and have been in multiple roles over the years, pretty much 20 years of experience being in the manufacturer’s side, being on the purchasing side, being in the sales side"..."I’ve seen the industry from all different sides and kind of understand that. But yeah, my experience is really in manufacturing and trying to understand the needs of manufacturers,"... "I saw a definite need and a problem that needed to be solved that continuously gets overlooked, and that’s industrial supply managing and maintaining those accounts and partnerships with distributors".

 Every manufacturer must pay attention to costs and competitors' pricing. For better or worse, purchasing professionals are rewarded for capturing the lowest price; few have the time to scour the internet for ever RFQ to see if the bid offered is indeed competitive. Measuring value with price experiments is not realistic. Full-time competitive pricing professionals could work 24/7 to generate statistically valid and accurate data. For the small and mid-sized manufacturer, the solution is...

There is now an affordable pricing optimization solution for small and mid-sized manufacturers; this transformation will allow even the smallest manufacturer to utilize lean principles in the pricing process immediately...This pricing could not be justified by most of the 89% of small to mid-sized U.S. manufacturers with fewer than 50 employees. 2020 introduces a new affordable solution...

The manufacturing industry drives innovation in America. It is the birthplace of products and processes that make the world a better place. ManufacturingPower uses lean manufacturing principles by eliminating waste around industrial supply spend with market comparison and analysis. Base in lean principles there is a on-demand implementation process driving an immediate ROI and elimination of waste... 

Only when manufacturers stop basing critical business decisions on inadequate spreadsheets can the purchasing department succeed. Automated access to summary cost and margin information for each SKU delivers light SaaS “MRO/tail-spend” price transparency, returning a minimum 11-14% COGS (cost of goods sold) reduction to the bottom line...

Automated solutions introduce a scientific technology combining big data and cloud technology to set price points for even the smallest manufacturers... Only when manufacturers stop basing critical business decisions on inadequate spreadsheets can the purchasing department succeed...

As technology continues to disrupt the world, how will that create opportunities for growth and advancement for precision manufacturers?  Here is a futuristic look at how nanotechnology, battery storage, sensors, robotics, 3-D printing, and supply chain management are driving today's emergent changes, and transforming tomorrow's advancements in manufacturing...

 Price optimization technology for large manufacturing operations costs from $120K - $1.5M per year. For multi-location, global, and publicly traded companies this is an expense easily cost-justified. A small 1% in margin preservation is worth thousands of times the expense of price optimization technology...

 IIoT (Industrial Internet of Things) is misunderstood by most small and mid-sized manufacturers who neither have the funding nor the inclination to gather, cull, and use big data. What these organisations need is to preserve thin margins to survive (and hopefully thrive). 

 Too often the lack of pricing comparison and routinized purchasing from distributors and vendors are the proximate causes of lost margin. Without big data clarity there is no way to know if the price paid is fair or competitive, says Thomas R. Cutler, president and CEO of TR Cutler, Inc...