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Finding Opportunities

Posted March 20, 2009 7:44 AM
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A recent survey of manufacturing executives showed that the economy is the number one challenge that they are facing. No surprise there, but is it all bad news? Is there a silver lining? What about the idea that the current situation represents opportunity? Is now a good time to refurbish your company's infrastructure? Focus your efforts in new directions?

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Engineering Fields - Retired Engineers / Mentors - New Member

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Re: Finding Opportunities

03/27/2009 9:45 PM

During boom times little was done to refurbish infrastructure, however, the goal was probably never to arm the business for the slow times. Now, during slow times the business is caught off guard. "we've never been like this before, this is unprecedented - now, what should we do?" Certainly, if there ever was a real business there and it is destined to go forward - there is no time to look for opportunity. This is the time to take advantage of opportunity! To make opportunity. Yes, clean up the operation. Take a second look. Reach back into the pool of experience and readily available information that is about to be laid off, cut back - lost, and refurbish the operation. Take a strong look at the supply chain and the energy consumption to output ratio and figure out how to make it better. On and on, this is the time to do these things. Once the proper information has been wrung out of every resource make the management decisions, budget and determine the appropriate allocation and timing of fund release and think of ways to cut costs by increasing revenue especially when the economy comes back and finds the company in the middle of the cacophony swinging and scoring profits.

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