{"id":463564,"date":"2020-01-27T08:38:01","date_gmt":"2020-01-27T08:38:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=463564"},"modified":"2020-01-27T08:38:01","modified_gmt":"2020-01-27T08:38:01","slug":"mike-franz-helps-small-manufacturers-compete-with-manufacturingpower-solution","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/mike-franz-helps-small-manufacturers-compete-with-manufacturingpower-solution_463564.html","title":{"rendered":"Mike Franz Helps Small Manufacturers Compete with ManufacturingPower Solution"},"content":{"rendered":"
\"Mike<\/a><\/div>\n

Mike Franz, CEO of ManufacturingPower, advocated that small and mid-sized manufacturers need to start basing critical decisions on costs and competitors’ pricing; read the recent issue Automation.com<\/a>. Only when manufacturers stop using inadequate spreadsheets can the purchasing department succeed. 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. <\/p>\n

ManufacturingPower, for example, collects competitive prices from sites and marketplaces like Amazon, Google Shopping, Grainger, and eBay in real-time. <\/p>\n

Franz shared, “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.” <\/p>\n

By automating this process, scraping must be tailored to provide the critical analysis and manual adjustments required. Automated solutions introduce a scientific technology combining big data and cloud technology to set price points for even the smallest manufacturers. <\/p>\n

Automation.com is the leading online publisher of automation-related content. The publication helps readers automate factories and processes, solve problems, and improve production efficiencies by providing the most current industry news, information, and resources.<\/p>\n

About ManufacturingPower <\/strong><\/p>\n

ManufacturingPower<\/a> 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. <\/p>\n

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. <\/p>\n

To understand the value proposition, view this video<\/a>.  To schedule a demo call (612) 655-5628. Follow ManufacturingPower on Twitter at @MfgPower<\/a>.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> ManufacturingPower<\/a>
Contact Person:<\/strong> Mike Franz, Founder & CEO
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 612-655-5628
Address:<\/strong>101 5th St. E. Ste. 150 Box 3872
City:<\/strong> St. Paul
State:<\/strong> MN
Country:<\/strong> United States
Website:<\/strong> https:\/\/manufacturingpower.com\/<\/a><\/p>\n

<\/object>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Mike Franz, CEO of ManufacturingPower, advocated that small and mid-sized manufacturers need to start basing critical decisions on costs and competitors’ pricing; read the recent issue Automation.com. Only when manufacturers stop using inadequate spreadsheets can the purchasing department succeed. For … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,421,410],"tags":[],"class_list":["post-463564","post","type-post","status-publish","format-standard","hentry","category-Business","category-Computers-Software","category-Manufacturing-Industry"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/463564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=463564"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/463564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=463564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=463564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=463564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}