On last Wednesday’s blog, I outlined the similarities between really strong business systems and really great chili. (For those of you who missed the post, find my world famous chili recipe here.) Today, I focus on how to build out really great business system.
Recently, I had the opportunity to present as a panelist at Definity Partners’ event, “Leveraging Technology to Achieve Business Success.” The event centered on using technology to solve your company’s most challenging business issues. Definity Partners is a consulting firm focused on empowering frontline leaders to run their business and driving sustainable and continuous improvements. One of their areas of expertise is ERP systems, which was the focus for their interactive panel discussion. The companies involved in the discussion were at three different stages in the ERP selection process, and each had their own unique business challenges, which gave attendees a broader viewpoint and a better idea of what to expect on their own ERP selection path.
I get a lot of phone calls from entrepreneurs and business owners who are developing a product that has some kind of electronic component. They’re often looking for a new partner to produce parts of the product - or even the entire thing - and are sometimes new to navigating the ways of electronic contract manufacturing.
Embarking on a new outsourced custom electronics project can be full of concerns – and certainly items that you’ll want to have addressed by your outsourcing partner up front. Whether you are an original equipment manufacturer in need of a small batch of custom electronic assemblies for your own product, or a contract manufacturer and want to leverage the volume requirements of an outsourcing partner in order to pass the savings on to your customers, an outsourced relationship is potentially very valuable. As you get started, you’ll want to keep the following seven considerations in mind.