Agility, adaptation, and innovation are prized commodities in today’s business climate. Disruption is top of mind because it is a genuine opportunity and risk. Today’s manufacturers are exposed to unprecedented external forces, but also have the potential to access unprecedented insights. These insights can lead to innovative products, achieve new levels of quality and productivity, and create innovative new customer experiences. The end effect is that highly agile, and digitalized startups have managed to topple established industries and manufacturers that have been slow to adapt.Read More
On Thursday, May 17, LNS Research hosted the webcast, “Keys to Successful New Product Introduction (NPI): Bridging the Digital Quality Divide.” The presentation explained why market dynamics force companies to rethink NPI and how leading companies drive innovation in today’s digital world. The discussion included an examination of why today’s NPI success rate is relatively low, and why market trends inhibit NPI success.Read More
Just how critical are risk and quality to today’s supply chain? Recent LNS research reveals risk and quality improvements are among a supplier’s most important investments. For many, this will not be a surprise, because quality is often leveraged to determine preferred supplier status, and preferred supplier status impacts contract awards. Quality and risk are indeed strategic investments given that suppliers are even more focused on growing revenue than the rest of the market.Read More
Is manufacturing new product introduction critical for organization? Developing profitable, timely, high-quality products is more important today than ever before. Visibility to product performance has never been higher, while competition continues to squeeze margins and time to market. These market dynamics, among others, are increasing the pressure on product teams.Read More
LNS Research has been tracking and influencing the market’s use of Industry 4.0 technologies to improve quality for several years. These technologies have proven to be transformative, and include advances in connectivity and sensors, data management, analytics, app development, and collaboration. LNS calls this Quality 4.0 and recommends all quality teams include Quality 4.0 in their strategies. To better understand it, read the blog post and eBook.Read More
On Tuesday, March 20, LNS Research hosted the webcast, “Industry Standards as Building Blocks to Quality Maturity and Operational Excellence.” The presentation examined how to use industry standards to capture the attention and cooperation of senior corporate executives, the capabilities required to achieve competitive advantage through quality, and the results companies should expect.Read More
Over the past few months, we’ve been helping many LNS program members with strategic planning for 2018, and underlying this planning is a common theme - “What is the perceived value of quality?”Read More
2017 was a challenging year for quality. Many manufacturers had to evolve their quality management system due to changes in standards and compliance requirements, providing an opportunity to rethink processes, organizations, and leadership support.Read More
Tags: Quality 4.0, New Product Introduction (NPI), Industry 4.0 / Smart Manufacturing, Industrial Internet of Things (IIoT), Supplier Quality Management (SQM), Enterprise Quality Management System (EQMS)
“Sustainable change, after all, depends not upon compliance with external mandates or blind adherence to regulation, but rather upon the pursuit of the greater good.” – Douglas B Reeves, American educator.
Quality leaders would agree with this sentiment. While compliance will always be a significant factor in quality management, leaders are now focusing on building a culture of quality, encouraging defect prevention in addition to correction, designing in quality, and driving customer satisfaction.Read More
It's no secret that companies that benchmark performance against actual practices in operations, quality, environmental, safety, risk management, energy, and many others are able to drive and sustain higher performance levels, and contribute meaningful value to enterprise objectives. Even companies that are long-time pros at benchmarking performance in these areas often struggle to pinpoint best practices that have a beneficial impact on new product introductions (NPI). When so much is at stake, what's holding them back?
The fact is, the pressure is on and growing for manufacturers:Read More