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Started by : Bhushan Patil, Project Lead, Birlasoft Limited   12 19 2008 11:00:59 +0000
Industry : Industrial Products/Heavy MachineryFunctional Area : Infrastructure(Technology)
Activity:  52 views;  last activity : 07 06 2010 20:18:09 +0000

Large firms compete by applying more resources—including employees, equipment, contractors, and vendors to new initiatives—it leaves the SMB manufacturer at a distinct disadvantage because being a small company they can't afford to increase the staff members.

How SMB Manufacturer can increase the revenue and grow their business?

 

 
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1 2 3 4
1 Adopt new & Modern cutting edge tecnologies
2 Clear vision
3 Offer product the company is fimilar with
4 Key Differentiators

Adopt new & Modern cutting edge tecnologies

idea posted by MNarayanan CEO/MD/Director, Vignesh IT Solutionz

Adopt new & Modern cutting edge technologies to reach global markets.

Selling Online thru a website is one of the most useful & cost effective marketing solutions available ffor

manufacturer.

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0
  

I completely agree with the above said comments, because its the Timely planning, accurate reports of present scenario and proper forecasting are the major factors which most of the large companies follow in their functioning and it is only possible if you work in a systamatic way and feeds relevant data at proper time, Helps in accurate plaaning and implementation which is the backbone of any industry. And all this can only be achieved by using latest technology be it in manufacturing(reduces time consumption, Resource and errors) or IT (ERP, CRM, Internet).   For any queries drop a mail at sanjay@eazyerp.com 

1
  

I completely agree with you Mr. Narayanan, If the SMB's become open to and adopt the new and evolving technologies they could find themselves better placed.

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Clear vision

idea posted by Bhushan Patil Project Lead, Birlasoft Limited
I guess every SMB manufacturer should have a clear vision as what they want to achieve and what product would they like to target should be clearand it will help them to grow their business.

 

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Offer product the company is fimilar with

idea posted by Abhinav Chouhan Team Lead, Wipro
I think for a SMB manufacture it will be best to offer new products to an established market the company is familiar with or offer existing products to a new market.

I know its very difficult to achieve and it will require significant financial investment. But having the ability to leverage the organization’s expertise in either the existing product or a familiar audience will enable them to expand their revenue projections.
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Key Differentiators

idea posted by Siva Subramanian CEO/MD/Director, VELCOM ERP IT SOURCING PVT LTD (www.velcomerp.com)

Every business (small or big) today has intense competition from the market. So it becomes all the more critical for SMB to be clear with their differentiators. If they don't have, then they have to create & then start communicating that consistently. This would definitely help organizations to sustain & grow in the long run.

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