Affordable Price Optimization Technology Allows Small and Mid-Sized Manufacturers to Survive Price-cutting Mandates and Squeezed Margins
Mike Franz, CEO of ManufacturingPower, recently discussed affordable price technology saving small and mid-sized manufacturing companies money and time. The article can be read in Manufacturing Outlook e-zine. According to Franz, ManufacturingPower uses lean manufacturing principles by eliminating waste around industrial supply spend with market comparison and analysis. Base in lean principles there is an on-demand implementation process driving an immediate ROI and elimination of waste.
Unsurprisingly, there has been a shift in manufacturing business process in practically every American industrial setting. The lean thinking paradigm now includes purchasing and supply chain functions. 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.
Jacket Media is the parent company of Manufacturing Outlook e-zine. The publication highlights current manufacturing trends.
About ManufacturingPower
ManufacturingPower is a cloud-based market intelligence solution designed to help small to mid-sized manufacturers streamline purchasing operations. This technology allows customers to achieve real-time visibility into industrial supply spend, better collaborate with suppliers, mitigate risk, and realize significant cost savings with the use of market transparency data. ManufacturingPower is a new-to-market SaaS technology with tools to simplify the industrial supply challenges facing all manufacturers.
Through cloud database management and unique algorithms, big data allows easy access to business intelligence. Until 2020, supply chain technology was far too expensive for the smaller manufacturer. ManufacturingPower offers a low-cost ($5000 annually) solution which provides even the smallest manufacturer the ability to compare competitive pricing driving immediate savings and equally rapid ROI (return-on-investment). ManufacturingPower demonstrates that knowledge is power and transparent market intelligence data to become leaner and far more efficient.
To understand the value proposition, view this video. To schedule a demo call (612) 655-5628. Follow ManufacturingPower on Twitter at @MfgPower.
Media Contact
Company Name: ManufacturingPower
Contact Person: Mike Franz, Founder & CEO
Email: Send Email
Phone: 612-655-5628
Address:101 5th St. E. Ste. 150 Box 3872
City: St. Paul
State: MN
Country: United States
Website: https://manufacturingpower.com/
