It's Difficult to Manufacturer Today

In the article titled “Tackling The Fear, Uncertainty And Doubt That Limit Manufacturing,” Rhonda Dibachi discusses the challenges faced by manufacturers in the U.S. and proposes solutions to improve efficiency and innovation. It goes on to identify four primary components adding to the uncertainty.

Supply Chain Challenges: The author highlights that making something new often requires changes to the supply chain. Engaging with different partners along the supply chain can slow down the process and create pricing uncertainty.

Lack of Pricing Transparency: Digitization is crucial for domestic manufacturing, but multi-player systems like the quote/price/order flow of the supply chain are harder to digitize. A significant obstacle is the lack of pricing transparency. Manufacturers struggle with incomplete data, leading to uncertainty in decision-making.

Fear, Uncertainty, and Doubt (FUD): Manufacturing operates with significant FUD in pricing, affecting efficiency, market competition, and innovation. Clear pricing information is essential for evaluating timelines and financial impacts.

Revolutionizing Competitiveness: Unlocking and disseminating pricing data could revolutionize manufacturing competitiveness. However, the current complex and slow process of obtaining quotes hinders progress.

The article emphasizes the need for greater transparency and efficiency in pricing to overcome these challenges and promote innovation in manufacturing. If you’d like to read the full article, you can find it here.