Article | May 12, 2016

4 Factors to Consider When Building Complex Production Systems

Source: Festo Corporation
festo complex production

When machine builders partner with subsystem specialists to simplify and streamline their equipment design, engineering, production, and support, they can save large amounts of time and, in many cases, up to 50 percent of costs — helping to boost profitability and customer satisfaction.

Machine builders “own” their customers’ successes

When most people think of business ownership, they think about equity ownership. But savvy managers know otherwise: While other stakeholders may not own equity in their businesses, they may well “own” a share in a company’s current and future success and profitability that’s perhaps even more critical. Two examples are employees and customers. Strategic suppliers are a third.