Whether you make computer components, car parts or any other type of product, you might find yourself relying on the same manufacturing process for years. Even Henry Ford learned that you cannot do the same thing forever and expect your customers to be happy. Ford was so happy with the first car he produced that he kept making the same exact model and watched as competitors entered the market and stole his customer base. No matter when you started manufacturing parts, you need to think about whether it’s time to go back to the drawing board and begin remanufacturing those parts. Check out some simple signs that it’s time to change the way you manufacture products.
Your Sales Dropped Off
A clear sign that customers aren’t happy with your products is when your sales drop off. This indicates that your customer base is probably making purchases from other manufacturers. They may go elsewhere because they want products that use recycled parts or because they want to save money with refurbished products. You may want to reach out to your customers to see why they stopped making purchases with you and what you can do to win them back.
Technology Changed
The types of products that manufacturers redesign range from bakery equipment and computer parts or automobile parts and office furniture. Many companies now use 3D printers that let them make their own replacement parts, which they then use in the manufacturing process. As technology changes, it’s important that you learn how to keep up. Using new forms of technology can help you make products, redesign existing products and cut down on the amount of time that it takes to get those items into the hands of customers.
You Want to Save Money
Another sign that it’s time to go back to the drawing board is when you want to save money. Re-manufacturing often includes some form of product recovery like recycling or cannibalization. Cannibalization refers to the way in which companies take parts from other products to make new items. Instead of filling up the local landfill with trash, you can reuse some of the components from your old products and save money. Recycling may appeal to more customers too. Using re-manufacturing and new manufacturing concepts can help you transform your company and increase your average sales every day of the year.
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