Lean Manufacturing is a philosophy to reduce waste in an organization. One tool to accomplish this is the implementation of a Pull System, which dictates that a product is not made or moved until it is consumed, and the authorization to move or build the product is through a Kanban replenishment signal. The Lean concept to reduce waste and remove non value-added activities can be applied throughout an entire organization and applies to every department. For the purposes of this article, I will focus on manufacturing and inventory.
NGR's Blog
Our blogs feature thought leadership on a wide range of business issues, with a particular focus on helping companies grow. Here you'll also find blogs about emerging technologies and career experiences from select employees. The opinions of the writers do not necessarily reflect the position of NGR on these subjects.
The 21st century economy leaves no room for slowdown. Customers are moving at lightning speed – be it keeping pace with racing technologies, staying informed about everything that’s going on, or constantly demanding that transactions are executed at the speed of an eye blink. Obviously, 'lagging' translates directly to customer churn, which further escalates to bottom line damage. The big question is - how do organisations run in this crazy rat race and successfully retain their customers, when competitors are just a mouse click away?
Customers all over the world are nowadays spoilt for choice. To book a flight, they will be besieged by options, discounts and offers with each airline vying for their attention! Even buying a simple pair of shoes puts them in a dilemma, as every brand not only offers variety in colors and types, but, also offers seasonal discounts. However, loyal customers that have had a good experience with one brand will be more inclined to buy again from the same brand, even if the price is slightly higher. So, what is it that makes customers come back and prove their loyalty over and over when it comes to brands? It’s the fact that they’ve developed a certain trust factor. They trust the brand to be worth the money they spend on it - sometimes waiting a long period of time for a delivery to get their hands on the item they chose. So, what is it that helps build this trust and why, at the end of it all, does this prove to be the deciding factor? Trust building is a long and never ending process, which is why, to stay a step ahead of the competition, one needs to put some conscious measures into place to make this happen.
CRM solutions are available as cloud and enterprise models for organizations of all sizes and specializations. Ensuring you retain customers and convert leads is essential to stay afloat and grow in the long term.
Social CRM which is continually gaining in popularity is an effective way for everyone in your organization to track competitors and their offerings while simultaneously devising counter strategies. With conversation tracking tools which capture social conversations based on specific keywords, there are unlimited possibilities to gain a stronger foothold and understand customer mindsets.
My colleague's Uncle once asked him "What is cloud computing? Do you really keep your data on clouds?" The idea seems highly far-fetched ! Most of the general public do not know what cloud computing signifies.
They are saying cloud computing is the next big thing in IT. Before coming to NGR, even I thought cloud was some kind of a big-time new IT invention, which the lesser mortals of this world are not supposed to know. Probably, that’s why the word, cloud. You either had to be above the world or into the cloud to understand cloud!
This is an open letter to all brands, products and businesses from an earnest customer who is fed up of being treated like a child. Things may have been different a few years ago, but, the same redundant techniques do not work on me anymore. Now, I am too smart to fall for advertising gimmicks. Today, if you show me an ointment or a brand of tea that will reduce my waistline to half of its current measurement in two weeks, do not expect me to pick up the phone and call you. Similarly, if you do not respond to my repeated grievances, do not call me a month later asking me why I didn’t renew my subscription plan. Since, your marketing gurus seem to having a tough time guiding you in the right direction, let me take this opportunity to show you, as a customer using your product, what I really want.
Robin joined his current organization in the early nineties and was among the first batch of twenty five employees. Back then, the top management decided they needed to focus on customer relationship management more and therefore needed a software to store basic customer information and contact details. They quickly employed a handful of IT professionals to accomplish this task and get a head start on their competitors. The software they developed generated a unique customer ID for every new customer created and had sets of fields for capturing or displaying pertinent details.
A few days back, one of my friends asked me to help him figure out, how he could send emails to his customers using an address like This email address is being protected from spambots. You need JavaScript enabled to view it.
Even I was not aware of how to do such a thing, when I joined this company 10 months back. Thanks to working on NGR Technosys, I was able to help my friend. He was relieved to find that establishing such an email address was very easy and cheap. And he could maintain it on his own.
Further, he wanted to send a marketing email to his customers every month and ensure that it gets delivered. His eyes lit up when I told him, that he could not only track, if the email got delivered, but also track which link (if any) were clicked by the users. This statistics could help him gauge the interest of his customers and help him do better marketing.
As his interest grew, I realized that many businesses have similar desires and difficulties, when it comes to creating an online presence. Hence, I am listing here, an overview to take your company online, the way NGR did (with some improvements).
Six Sigma is a set of statistical tools that act as a lens through which hidden problems can be identified and root causes uncovered, better equipping leadership to think through tough issues. It provides the metrics required to reduce variability in process execution so as to enable on-going improvement in competitiveness and manufacturing and business operations.
Six Sigma not only can benefit your business, but can transform it to becoming more agile and respond faster to change.
Every business, every industry faces attrition. Customers leave for a variety of reasons which are easily recognizable. For example, customers stop purchasing disposable diapers when their children no longer require a diaper, automobile owners may no longer patronize the car dealership when the warranty is no longer in effect. A competitor's new products might cause unforeseen churn. While there are many logical, rational and understood reasons that a customer leaves a company it is the silent attrition which can be the most devastating in this economy.