What’s a manufacturer to do when the economic times turn tough? The talk on the street is that you’ve got to cut here and there, while also going after business in crevasses you’ve never looked. Well, it’s true that in periods of recession a little belt-tightening can be in order, but efficient operation should be the modus operandi of every business even in times of growth. No, when times get tough, the tough get smart-they look beyond the tactical and out into the strategic.
Depending upon the size and product of the operation, in manufacturing strategic thinking often requires a long-range planning and shop floor production execution that usually exceeds the capabilities of most basic data processing software like Excel and Peachtree. Enterprise resource Industrial Technology Careers planning software systems (ERP) are designed to create efficiencies, and enrich existing ones, so much so that significant improvements in the bottom-line are realized. At the same time, customer relationships are strengthened for long term retention by the manufacturer.
In short, getting through a recession is more than simply finding new customers in a time and place where they are in short supply; it’s also a matter of keeping the ones you already have through better service and value. A robust ERP system already knows this, and customer relationship management (CRM) is a central function of everything it does. In a customer-centered approach, CRM is meant to bring priority to each customer’s wants and needs, and to drive the ERP system to satisfy those needs on-time, with value, and for maximum profitability.
Do this through the utilization of traditional needs-based analyses. A centralized ERP system that coalesces a variety of information about each customer will show not only what they are ordering, but what they should be ordering and aren’t. Selling more to existing customers is a golden opportunity in an economic Learn About Tech Industry downturn, and should be facilitated through ERP data. This is a pro-active approach to selling: You figure out what your customers need in advance of the pitch, and are able to, perhaps, craft an appealing package of product and price to remain competitive with other possible vendors of the same piece.
Being smarter in a recession also means completely understanding that it’s much easier to retain a loyal customer than to regain a loyal customer once they are lost. Poor quality, broken promises of delivery dates, materials and inventory confusion-even in slight missteps can mean the loss of trust, and with it business. Use ERP in a recession to ensure you’re not missing something when it comes to customers. This will mean using your software system to stay ahead of the capacity and quality curve. In other words, when business is slow there should be ample time to focus on improving output and value for every customer your have.
While certainly dreaded, recessions don’t last forever. They’re natural products of typical business cycles, and in many ways are cleansing moments for the economy in order to shake …
Tag: recession
Who Said Network Marketing is Recession Proof?
How can network marketing and the work from home Contribution Of Service Sector In Gdp be considered recession proof with our economy in a state of shock, job loss, business closure, downsizing, etc. We don’t need an expert to tell us these are uncertain can network marketing and the work from home industry be considered recession proof with our economy in a state of shock, job loss, business closure, downsizing, etc. We don’t need an expert to tell us these are uncertain times.
Now you might be thinking now is not the time to be starting a work from home business, who has the money to invest in thousands of dollars worth of merchandise and stock? Well times have changed and holding stock is a thing of the past.
Network marketing is definitely something worth looking at in these unsure times. The industry is evolving, if you have concerns about network marketing because of previous experience now is the time to do your due diligence on the more efficient methods of this ever evolving industry that is home based business. Network marketing is estimated to create more millionaires than any industry in the next 10 years. Your chance to make money in a business from home is completely up to you and how much effort you put in.
You can explore a variety of network marketing companies to find your match but be sure it’s a product you are a student of or proud to be associated with. For me, not only the billions of dollars the top marketers are particular taking home combined with a revolutionary compensation plan, but the ability to be part of their inner circle drove me straight into where I’m.
You can spend as much time as you like at work 20hrs or 40+ it’s entirely up to you as you are your own boss. The opportunities are endless and anyone who wants to take charge of their life and not let bosses and current economy trends rule their lives, with that said I personally think there is no such thing as a get rich quick scheme, (if you find one let me know). With any home based business there is going to be work involved that’s why we call it a business and not work from home get rich quick!
There are many other recession proof business out there, but there is no better time than now to get involved in the network marketing American Run Multinational, this is truly a movement that is revolutionizing the home based business industry so do your home work you owe it to yourself.…