@peteiron & I have a new book on #trueprofitability https://t.co/BesslXOQ3u to help managers maximize profits from the multitude of SKUs (& services) sold by companies in their “long tails.”
Here's some of our free advice on #complexity https://t.co/wBUfCbapqV
#profitability
"Is it ever a good time to do a price increase?" https://t.co/j3YzSSlLwC
It is difficult to achieve successfully yet doing nothing is a gradual recipe for disaster. Why? Your costs are never static, in 5 years profit margin could easily be 0!!
#pricing#DataAnalytics#strategy
How do you use advanced analytics to discover true #profitability, improve your margins & get insight into #complexity?
Connect with me on LinkedIN;https://t.co/RbiHbg6i8x to find out more or visit https://t.co/lcA8DWpXk2
#manufacturing#analytics #8020 https://t.co/k5kL5nkoMf
Some long-tail customers cost more than they’re worth. Learn how can you turn infrequent low-budget customers into new profit sources.
Read the article "Tangled Up in Your Long Tail? Straighten It Out!" https://t.co/RtARU7YaY7
#longtail#complexity#manufacturing#lean
" #Profit Decoded" https://t.co/9MWJYilahI " #Transformation is intended to make radical organizational change, yet rarely addresses #changemgmt at the greatest inflection point of profit — how the collective business teams execute on customer relationships." #pricing
Some long-tail customers cost more than they’re worth. Learn how can you turn infrequent low-budget customers into new profit sources.
Read the article "Tangled Up in Your Long Tail? Straighten It Out!" https://t.co/RtARU7YaY7
#longtail#complexity#manufacturing#lean
As companies succeed, they tend to grow business by adding parts & vendors. Add complexity, you add more costs.
You must decide if the incremental cost of adding elements is worth the potential impact on margins.
More: https://t.co/NJlDfGeVhf
#PortfolioComplexity #8020 #mfg
Understand true #productprofitability before dding new designs to satisfy customers. New variants increase the cost of #complexity & must eventually be offset by price + or cost - Sometimes cost of adding product variants is higher than margin gain
https://t.co/zwgZSRz6WQ
#mfg
Margin-driven profiles of clients & products show which need specific pricing actions. As a result, businesses are able to observe which clients &/or products are most profitable within their portfolio, including those in 80% bracket.
#DataAnalytics#BusinessStrategy#8020rule
Keep products fresh but it’s equally important to understand costs & complexity that new features introduce. One key to reducing complexity is to eliminate products that aren’t profitable enough.
Know the true cost of your products?
#DirectCost#Analytics#8020rule
"The 80/20 Conundrum: How to Improve Your Margins" https://t.co/z3vfymjmWo Most companies, top 20% of customers generate close to 80% of profits. But how do you improve the performance of the remaining 80% of customers? Here are some essential tips #8020 #margins#profitability
Unnecessary complexity is bad for business. Layers of processes stifle innovation, slow productivity & hinder growth. Faced with complexity in workplace, teams in silos focus on their specific jobs
More: https://t.co/z0II6E88Oj
#BusinessGrowth#ProductComplexity#8020rule
Before new features for latest product versions, how will they affect your bottom line? READ https://t.co/GEl0pijG66 "Upgrades at What Price? Leveraging Direct Costing to Uncover the Hidden Costs of New Product Features" #complexitymgmt#directcosting#hiddencosts#productmgmt