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Product Profitability is like looking through a glass bottle.

Product Profitability is like looking through a glass bottle.

April 08, 2021 | Blog Product Profitability is like looking through a glass bottle.In today’s world, investors deserve to know precisely how much profit their manufacturing assets are generating. It is the rationale for the quarterly earnings call; “how much profit...

Smart Factories: Shop Floor to Top Floor

Smart Factories: Shop Floor to Top Floor

The new industrial revolution, otherwise known as Industry 4.0, or Industrial Internet of Things (IIoT), implies the development of the so-called ‘Smart Factory’. Accordingly, large manufacturing businesses share a common strategic imperative: improve….

Growing manufacturing profits based on Six Sigma methodology

Growing manufacturing profits based on Six Sigma methodology

​For decades, the Six Sigma methodology for quality management has helped manufacturers get quality standards under a very tight range of product variability. Just imagine if you could apply that same rigor to managing profitability of all the products your firm manufactures.

Win ‘The Price Is Right’ Every Day in Manufacturing

Win ‘The Price Is Right’ Every Day in Manufacturing

The long-running TV gameshow ‘The Price Is Right’ gives contestants the chance to win cash and take home big prizes if they are good at naming the right price for various products. The manufacturing business works precisely the same way.