Majority of product variations driven by technology
Having a wide spectrum of products gives industrial companies an advantage over their competitors. However, executive management still places too much emphasis on technical feasibility – and not enough on appropriate market and sales strategies.
18 Mar 2018 David SchahinianShare
This was the conclusion drawn by a
Most respondents view product configuration as critical to their success and competitiveness on the market. However, engineering has a (too-) strong influence: Company divisions such as sales, purchasing, and IT are consulted only minimally on the design and implementation of configuration models – or not at all. Many companies are also giving up halfway through the digitization process: “Though data regarding the product options sold are often analyzed, about three quarters of the respondents have not yet exploited the results.” For example, one idea would be to vary pricing for options that are less in demand.
Small and medium-sized enterprises (SMEs) in particular struggle to maintain the balance between product variety and efficient production. Scaling tends to be more feasible for larger, automatized factories. In contrast, being able to manufacture the widest possible variety of products requires more flexible workshops, according to a
Related Exhibitors
Interested in news about exhibitors, top offers and trends in the industry?
Browser Notice
Your web browser is outdated. Update your browser for more security, speed and optimal presentation of this page.
Update Browser