Small manufacturers automate comparison pricing according to Mike Franz of ManufacturingPower. The recent article is found in AutomationMedia. “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,” shared Franz.
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 to automate price comparison functionality. Until recently this was prohibitively expensive and often too complex. Automating costs and competitive prices can be achieved in a $5000 per year SaaS solution.
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.
AutomationMedia, founded in 1998, is one of the most credible sources in the media, with informative content regarding automation, controls, breakthrough manufacturing, as well as operational and industrial intelligence. AutomationMedia is a valuable tool and a favorite bookmarked stop for automation and control professionals worldwide. The publisher has earned a global reputation among industrial software vendors, lean manufacturing experts, and thought leadership contributors.
For 2020 AutomationMedia will introduce a series of case study feature article profiles (usually ten real-world examples by a single vendor) as well as dedicated editorial columns in a new sponsorship program. This will allow readers to capture the breadth and insight of thought leaders’ content as a deep dive exploration of both the pain points on the plant floor and the solutions available.
According to Naeem Ismat, publisher and editor of AutomationMedia, “We are dedicated to developing the awareness and understanding about interoperability in automation by providing the best information from the best sources.” Ismat added one-time articles often fail to explore the true automation considerations which is why expanded coverage format is critical.
Ismat recently announced a formal strategic alliance partnership with manufacturing journalist, Thomas R. Cutler, founder of the 7000-member Manufacturing Media Consortium and is also the CEO of TR Cutler, Inc. This will ensure that all content is aggressively cross-promoted through both publication relations and social media. This will optimize the published content substantially.