The Value of PdM: Equipment Uptime and Peace of Mind

The Value of PdM: Equipment Uptime and Peace of Mind

You run a manufacturing business. You are the owner, CEO, COO, manufacturing director, divisional managing director, plant manager, or another equally responsible role. Every day, whether you commute to the factory daily, work from home and monitor the operation...
How Should I Price Spare Parts?

How Should I Price Spare Parts?

About 10% of all businesses are giant and employ professional pricing experts to prepare important quotations and set most product and service list prices. The remaining 90% of U.S. businesses are SMBs — small to midsize companies. With assistance from their CFO, they...
Why You Should Treat Customers as Individuals

Why You Should Treat Customers as Individuals

Introduction I recently participated in an ExitReadiness Podcast organized by Pat Ennis. Our topic was “When You Start Making A Big Decision, First Talk with the People Involved.” The high-level summary is when you have to make a significant business...
Without the Services, RaaS is Just a Lease

Without the Services, RaaS is Just a Lease

From the article With a RaaS contract, there is usually no down payment or end-of-contract balloon payment. In most cases, your monthly payment is based on the equipment’s amount of work performed. The RaaS contract is usually less than or close to your...