ManufacturingPower, CEO, Mike Franz, recently discussed new technologies allowing small manufacturers access to competitive pricing. Franz’s article is featured in Manufacturing Tomorrow. Read the article here.
According to Franz, 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.
ManufacturingPower suggests that small manufacturers start with a free PowerPotential Report which includes easy data uploads, CSV and XLS file formatting, and insight into top six savings opportunities. Within 24 hours, this powerful data demonstrates where even the smallest manufacturers can start realizing significant savings with access and transparency to data.
Currently, manufacturers are spending far more than needed on tooling, fasteners, clean room supplies, packaging, and any line item in the supply chain. Originally, this cloud-based low-cost solution started as a software tool allowing manufacturers to anonymously share data and compare pricing. Through a network of data, this proprietary method saves manufacturing enterprises across their total industrial supply spend.
Instead of simply ordering from Grainger or other distributors out of habit, it would be nice to know if the price offered is the best price or even at market price by geo-location! The data are collected and shared by ManufacturingPower daily.
Manufacturing Tomorrow is an online trade magazine featuring products, companies, news, articles, and events for the advanced manufacturing, factory automation, and 3D printing industries.
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.
Company Name: ManufacturingPower
Contact Person: Mike Franz, Founder & CEO
Email: Send Email
Address:101 5th St. E. Ste. 150 Box 3872
City: St. Paul
Country: United States