Mike Franz, CEO of ManufacturingPower recently shared how automation drives COGS reduction for small and mid-sized manufacturers in Robotics & Automation News.
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.”
Automating product costing is central to the critical decisions made daily by small and mid-sized manufacturers. Decisions about the products manufactured, the prices charged, and the tactics implemented to improve the processes, make or break the company’s profitability.
Only with a cloud-based application designed to quickly calculate, analyze, share, and maintain detailed, accurate, and actionable product costs, can spreadsheets be eliminated as the methodology for price comparisons. Only when manufacturers stop basing critical business decisions on inadequate spreadsheets can the purchasing department succeed.
ManufacturingPower will host a webinar explaining purchasing operations of small and mid-sized manufacturers can stop leaving more than $5000 on the table every month. The webinar is being held Thursday, March 5 at 11:00 am EST. Register here.
About Robotics & Automation News:
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.
Recently the YouTube viewership of an interview is frequently above 5000, one of the highest in the industrial media arena. Robotics and Automation leaders often are constrained by time and rather than writing extensive feature articles rely on PR firms to issue press releases about products and people in the news. This is fine but a more informative and in-depth conversation is needed.
For 2020, Robotics & Automation News is focusing on regular guest contributors where a series of topics can be addressed throughout the year. This thought leadership content will be available for sponsors to share with current and prospective customers. It will allow them to interact with C-level experts and share best-in-class lean solutions.
To accomplish this more comprehensive media outreach effort, Abdul Montaqim, Robotics & Automation News editor recently entered into a formal strategic alliance with Manufacturing journalist, Thomas R. Cutler, founder of the 7000-member Manufacturing Media Consortium and is also the CEO of TR Cutler, Inc. This partnership will ensure that the webinars, video podcasts, YouTube coverage, and corresponding feature articles are fully maximized. All media content creation will be aggressive cross-promoted in both PR and social media.
Company Name: Robotics and Automation News
Contact Person: Abdul Montaqim, Editor
Email: Send Email
Phone: 00 44 208 591 1011
Country: United Kingdom