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Five Strategies Used By Successful Small & Mid-Size Manufacturers
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Five Strategies Used By Successful Small & Mid-Size Manufacturers
 
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Five Strategies Used By Successful Small & Mid-Size Manufacturers
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A common issue facing small and medium-sized business (SMB) manufacturers today is how to increase revenue and grow their business without significantly adding staff. With larger firms able to compete by drawing upon greater financial resources, and often times able to simply apply more resources—including employees, equipment, contractors, and vendors to new initiatives—it leaves the SMB manufacturer at a distinct disadvantage. Most entrepreneurial or start-up manufacturers seek to grow within their means, avoiding the temptation of leveraging venture funding at the risk of losing control of their business. However, to successfully remain independent and grow organically, manufacturers must institute a lean business model for their industry that can maximize utilization and minimize overhead costs. Understandably, the impetus for starting a manufacturing business is typically focused on the delivery of a specific solution, (combined products and services), that fills a gap in a targeted marketplace. In addition to a “great idea,” manufacturers must have a vision beyond the products and services they deliver that encompasses how they will design, produce, and deliver their products to the market. Business owners should ask themselves questions such as: How can I develop and produce my products faster while maintaining quality standards? What are the business practices that will enable me to run my business as efficiently as possible? What percentage of my staff is directly contributing to product development, manufacturing, services delivery, or other value-added activities? How can I minimize non-value-added functions? What are the metrics I should be using to measure my businesses performance? How can I increase the rate of new product introductions? Do I know the costs and profits related to each of my products?

Products & Services
Specialty business services are consultants, firms, and companies that provide specialty or proprietary business services.
Business process management (BPM) software enables companies to map, model and improve business processes across the organization. Companies use BPM software to define business rules, model current processes, and identify areas for improvement.
Information technology (IT) staffing services provide temporary or permanent workers who troubleshoot and repair computers, operate help desks, and support voice and data networks.
Application service providers (ASP) or software as a service providers (SaaS) are companies that provide software or other computer-based services over the Internet from a data center. ASP is sometimes known as software on demand.
Business consulting services include high-level business endeavors such as strategic planning, market positioning consulting, business plan development, enterprise architecture, and information infrastructure planning and development.
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Product Announcements
All-Spec Industries offers many custom products, same day shipping, MSDS sheets... (read more)
Laboratory Design and Supply, Inc. - Laboratory Fans, Blowers & Ducting Systems
Laboratory Design and Supply Inc. can supply any blower for lab use. From epoxy coated steel blowers to inline and polypropylene designs, LDS can spec and provide the blower that's right for your... (read more)
Gates Corporation - Xtreme® Belts - Snowmobile Belts - Belts
Gates Xtreme snowmobile belt uses advanced composite technology to maximize durability and functional performance over the life of the belt. The belt is designed for aggressive trail running and... (read more)
Xten Industries, LLC - Plastic Resin Experts in Contract Manufacturing
Contract manufacturing with Xtended value, solutions and service. (read more)
Manuvis Corporation - View Your Entire Facility's Progress at Your Desk
One of the top market pressures facing manufacturing organizations is increasing capacity without investments in additional machinery. However many manufacturing organizations cannot accurately... (read more)
Intercim LLC - Pharmaceutical Manufacturing Software
Pharmaceutical manufacturers face increasing pressure to optimize manufacturing operations and reduce time to market when introducing new chemical and biological products. Intercim has the solution!... (read more)
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Topics of Interest
To implement an embedded application, a wide range of software choices must be made before implementation is started. Some typical decisions might be: - Should I use an operating system or not? - Does... (Read More)
The “Business Case” is the single biggest factor influencing my Boss’ decisions. He's accepted more of my proposals, including the one that got us started doing CFD, once I learned how to think in... (Read More)
There is a readily available wealth of information regarding any number of infrared applications and the means of implementing thermography as part of well-rounded PdM (predictive maintenance)... (Read More)
Thousands of years ago, Egyptian farmers understood the business value of optimizing their key processes and making the most of their resources. By controlling the Nile’s floodwaters and reclaiming... (Read More)
9.6 PLANNING, PURCHASING, AND INSTALLATION In planning for, evaluating, selecting, purchasing, and installing a 3D solid modeling system, product development organizations face a myriad of options... (Read More)
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