Mike Franz, CEO of ManufacturingPower, was recently interviewed by Abdul Montaqim, editor for Robotics & Automation News. The interview can be viewed on the Robotics & Automation News video podcast here.
Franz explained the solution for small and mid-sized manufacturers to automate price comparison functionality is here now. Until recently this was prohibitively expensive and often too complex. Automating costs and competitive prices can be achieved in a $5,000 per year SaaS solution.
ManufacturingPower collects competitive prices from sites and marketplaces like Amazon, Google Shopping, Grainger, and eBay in real-time.
According to Franz, 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.
Robotics & Automation News, established in 2015, is one of the most widely read industrial publications globally. In addition to the publication, webinars, and strongYouTube channel viewership, regular video podcasts interviewing industry leaders has become a mainstay. The publication aims to summarize the most interesting developments in the two sectors of robotics and automation, often directly linked.
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.
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.
ManufacturingPower is a proud member of Manufacturing Alliance, MPMA (Minnesota Precision Manufacturing Association) ISM (Institute for Supply Management), APICS (Twin City Chapter) and the Council of Supply Chain Management Professionals (CSCMP).
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