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Anonymous Poster

We need your help

03/16/2007 12:02 PM

Right now in our company have many capacity of production available, because we have a 60 % of machinary without work.The problem is that the prices of China are very cheaper ( 50% that us).

What can we make with this problem?

We are manufacturing electronic transformes, coils, solenoides,valves, etc.

you can visit our web page:

www.nexuscustommagnetics.com

regards

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Active Contributor

Join Date: Nov 2006
Location: Russian Federation
Posts: 23
#1

Re: We need your help

03/19/2007 7:48 AM

It's very pity. Sell all product lower than China price. Compete with China in mass production ... there is no point. Try to get governmental order or need to be transformed to product what China cannot to do. If it's still possible.

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Technical director Computer Vision System, Russia, www.cv.tom.ru
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Commentator

Join Date: Apr 2007
Location: Montreal, Canada
Posts: 56
#2

Re: We need your help

04/20/2007 9:48 PM

This is unfortunate but the reality of life... You cannot compete based only on pricing (especially at 50% lower than you) so one option is buy from China and resell these products you cannot produce at this low cost! 15% MARGIN IS BETTER THAN NOTHING, and if you negotiate volume discount... who knows!

You got probably a reputation on the market...use it at your advantage: sell quality not quantity when necessary.

Change your activity or I should say adapt your manufacturing skills for what the market you are in, is asking for... Do not talk about products only but systems or complementary products ... try to sell package, it might work

Transform or maybe sell your machinery that you won't need anymore to get new one fitting the new market needs... ask yourself: what is the cost if I do not change?

The most effective way to take action is to make changes. Changes force you to grow!

Not an easy solution and please if you take that route... tell you workers what are your intentions, ask questions and LISTEN what they have to say:you might find some ingenious solutions in your own business... Peoples participate to change things when they understand why changes becomes priority, otherwise they stay in their routine and habits... your workers are your best asset don't forget...

Hope to hear from you... dont give up!

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