MAXIMIZE REVENUE GROWTH
Take control and maximize revenue growth across the value chain
A higher customer lifetime value supports revenue growth
Maximizing revenue growth in the manufacturing industry is critical to long-term success. PDSVISION offers an integrated suite of solutions to help you do just that. With our portfolio, you can optimize your operations and better serve your customers, resulting in higher production output, increased service revenue and faster time-to-market for new business models. We also help you reduce lead times and accelerate time to market – all of which contribute to higher customer lifetime value.
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By leveraging data, processes, people, and technology together across the entire organization, companies can maximize their market potential and ultimately drive revenue growth
Take Control
Create new business models
New business models can help manufacturers maximize revenue growth across the value chain. By leveraging data and technology, companies can better understand cost saving opportunities, markets, customer preferences, waste reduction and efficiency. Predictive analytics tools can identify areas of potential growth to inform decisions when investing in new products or services that will drive up revenue. Additionally, creating a connected enterprise and shifting to a subscription-based model could also bring increased profitability in today’s competitive marketplace.
up to a
50%
Increase in service profitabilty
up to a
30%
Improvement in OEE
Reducing downtime and increasing output
On-time delivery of products and services is essential in the manufacturing industry. Adopting digital technologies and automating processes to increase efficiency can help ensure that customers receive their orders on time, helping to build trust, loyalty and repeat business. Additionally, using key performance indicators (KPIs) such as on-time delivery rate and customer satisfaction can provide visibility into operations for informed decisions. Leveraging real-time data across an interconnected supply chain is important for making accurate predictions about deadlines. By improving collaboration between teams in order to better understand customer requirements and maintaining a proactive approach, manufacturers may decrease cost and improve profits through successful project completion.
up to a
30%
Increase in factory output
up to a
8%
Improvement in production efficiency
up to a
30%
Reduction in unplanned downtime
up to a
70%
Decrease in changeover time
With digital service offerings
Customer Lifetime Value (CLV) is a metric used to measure the total value of a customer over the course of their relationship with a company. By understanding customers’ needs and preferences, businesses can identify opportunities to increase profitability and optimize customer interaction strategies. Companies may benefit from marketing automation to determine CLV, allowing for tailored customer experiences across multiple channels. Additionally, leveraging real-time data analytics and predictive insights can help organizations gain better insights into their target market and maximize return on investments in customer acquisition and retention.
up to a
$16M
per hour in avoided end-user costs
up to a
50%
faster issue response
up to a
30%
less unplanned customer downtime
up to a
92%
First-time fix rate
Increase your asset efficiency and productivity
Manufacturing throughput is the rate at which a factory can produce products and services, measured in units of production per time period. It is directly tied to a company’s profitability because it reflects the organization’s ability to generate revenues faster than costs. By analyzing throughput results and all associated data, manufacturers may identify areas of improvement and optimize existing processes in order to boost efficiency and reduce production times. Additionally, using advanced digital technologies and automation can help increase accuracy, quality control and decrease waste, leading to significant cost savings.
up to a
90%
Reduction in lot size
up to a
50%
decrease in downtime
up to a
70%
reduction in changeover time
Maximize customer uptime and your revenue
Service revenue is the income gained from providing services such as repairs, maintenance, and upgrades. By leveraging technology such as cloud-based service apps, manufacturers can easily maximize revenue by optimizing their service delivery process, ensuring accurate billing and cost savings. Automated work processes also help streamline new customer onboarding, enhance asset tracking capabilities, simplify incident management and reduce service costs. Additionally, manufacturers may benefit from proactive customer engagement strategies to ensure positive experiences and build trust during the entire service life cycle.
up to a
50%
Increase in service profitabilty
up to a
83%
Faster resolution times
up to a
75%
Faster on-site visits
Drive speed and agility on the manufacturing floor
Takt time is the average rate at which customers demand a product or service and it is used to measure production efficiency. By measuring takt time, manufacturers can better understand the market dynamics, estimate consumer demand more precisely, optimize available resources, reduce downtime, and increase speed in order to drive revenue growth. Adopting automated processes can help manufacturers align takt time with customer requirements while streamlining operations and reducing material costs.
up to a
33%
Reduction in lead time
up to a
30%
Decrease in cycle time
up to a
30%
Reduction in unplanned downtime
Drive speed and agility on the manufacturing floor
Upskilling is the process of providing additional training to employees in order to better equip them with the skills necessary for today’s competitive environment. Companies can use upskilling initiatives to stimulate revenue growth by improving operational efficiency, reducing costs and increasing customer satisfaction. This can be done through virtual reality simulation training and delivery of customized on-demand learning materials as well as external education options. Through upskilling, companies can create more value for customers, drive greater loyalty and maximize revenue growth.
up to a
50%
Decrease in onboarding time
up to a
30%
Improvement in training time
up to a
60%
Increase in worker productivity
up to a
90%
Decrease in new product introduction
There is no “one-size-fits-all”
Mass customization is a strategy that enables companies to offer highly personalized products and services while remaining cost-effective. It combines the flexibility of customization with the efficiency of mass production. By using parameterized designs and digital processes, companies can respond quickly to customer needs, reduce turnaround time, minimize material waste, and maximize revenue growth. Mass customization also enables manufacturers to differentiate their products from their competitors in order to remain competitive in today’s marketplace.
Future-proofs your business
Sustainable competitive advantage helps companies maximize revenue growth by allowing them to remain competitive in the long term. It is achieved through strategies such as leveraging technology, efficient process optimization and innovation that create unique products and services that are difficult to replicate. By creating a sustainable competitive advantage, companies can increase customer loyalty, improve operational efficiency, and secure greater market share which ultimately leads to increased profits.
PDSVISION helps to maximize revenue growth
- Invest in automation and machine learning technologies to create more efficient production processes
- Develop new products with the latest technology to differentiate from the competition
- Utilize predictive analytics to optimize service
- Create stronger customer loyalty through personalized experiences
- Leverage data-driven insights to identify opportunities for cost-savings and revenue growth
- Invest in sustainable practices that reduce waste and increase efficiency while also improving brand reputation with socially conscious consumers
- Utilize advanced data analytics techniques such as AI and deep learning algorithms to gain deeper insights into customer product usage
- Offer innovative subscription models as alternatives to traditional product purchases, providing recurring revenue streams while allowing customers greater flexibility in their purchasing decisions
Industry Insights
Maximize revenue growth
To maximize revenue growth in the manufacturing industry, it is essential to focus on leveraging technology, process optimization, and innovation. By investing in automation, state of the art CAD, PLM, IoT and AR technologies, companies can create more efficient production processes. Developing new products with the latest technology can help differentiate from the competition while predictive analytics can be used to optimize service. Additionally, greater customer loyalty can be achieved by creating personalized experiences. Sustainable practices should also be implemented to reduce waste and increase efficiency while providing a positive public image. Finally, advanced data analytics techniques such as AI and deep learning algorithms should be utilized to gain deeper insights into customer behavior. By leveraging data, processes, people, and technology together across the entire organization, companies can maximize their market potential and ultimately drive revenue growth.
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Digital transformation is everything. Get it right! Talk to us. Our team is on hand to answer your questions.
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