Why Are We All So Busy in This Digital Age?

Remember when the paperless office was a new concept, and fax machines were replacing telexes, and more sophisticated telecom systems were in vogue, and computers started revolutionising our working lives? I think we thought we would end up working less time as the speed of communication sped up so fast that more got done with less effort.

The speed of new technology coming on stream has never been faster. Let’s face it, the whole idea of new technology is to improve humanity in some way, shape or form. Sometimes I have to remind myself technology is an enabler as opposed to the final product in itself as one can easily get consumed into other world on their phones and computers and lose sight of the simple pleasures of life and livingness.

Technology used in the right way can really transform lives in a small or massive way.

Make sure your own digital journey gives you a return that results in some sort of an improvement in your time, money, health, knowledge, relationships etc.

Kieron Swords | CEO

+353 (87)137 7434

kieron@dynamicinnovations.ie

 

Your Role in Making the World a Better Place

In business we are all involved in roles that help provide a prevention or improvement to somebody or many through our services and products. Therefore, speed of service is vital as every delay is an opportunity lost that could have a tiny or large positive effect of the world we live in.

Sometimes we lose sight of this in manufacturing and depending on what role one plays in the supply chain you can get stuck in the weeds of part numbers, logistics, design problems, etc, all without keeping one eye on the goal of meeting or exceeding a time target that will impact your customer. Sometimes poor attitudes or selfish decisions slow down real progress in the right direction due to egos, or covering-ones-own-ass mentality, which has no place in today’s world.

I invite you to take a moment to think of your role in your company with a viewpoint of, “How can I help my customer get what they need faster without compromising the quality of the product?”.

In our equipment contract manufacturing business it’s all about accurate data to coordinate all the components together in one place on time to assemble and test equipment that will make a difference and we take great pride in our teams that make that happen daily.

Kieron Swords | CEO

+353 (87)137 7434

kieron@dynamicinnovations.ie

Invest in Early Real Discovery Qualifying Meetings

Every OEM has their own unique requirements for their needs from their sourcing providers. It’s important that the OEM knows exactly what they want, in other words – a clear strategy which is backed up by the powers to be. This clarity of strategy helps save time, money and potential very costly errors in choosing the wrong supply partner.

It’s also equally important suppliers also know their sweet spot customers as again early qualification prevents wasted time and money. The sweet spot encompasses your ideal business partner which can include so many qualities such as technical, scale, longevity, integrity, collaboration, commercial, proximity and so on.

I recently realised that I was guilty of having open potential opportunities that were not ruled in or out early comprehensively. Like your computer memory, it can get clogged up and slow you down unless you file it in the Go, No Go or maybe “down the line” bucket. This frees up attention units to keep productive on finding new customers or suppliers.

Lastly, when the customer and supplies are in each other’s sweet spot, then the on-boarding and follow through is efficient and the real value starts being transacted once orders get placed and delivered. Both customer and supplier gain an understanding of cultures and learn how best to deal with one another for optimum value exchanged. In my experience this dynamic needs to be protected as sometimes some counter intention can hinder this process and this is where the initial sweet spot can be used to refer to as a stabilising reference.

Dynamic Innovations have vast experience helping OEMs find the right suppliers by asking the executives the sourcing strategy up front as well as technically and commercially understanding the products to enable us to nail the right fit for purpose supply partner and help manage it to high level partnership.

If you have equipment for manufacture and need a special supply partner then connect with us to explore how we help best.

Yours truly,

Kieron | CEO

Expand Your Business With The Right ECM

Nowadays with the skills shortages, energy and commercial property costs, the investment required to establish in-house manufacturing can be a real challenge especially for SMEs. Capital equipment costs are high, space is often limited, and you may lack specialist engineering knowledge.

Outsourcing the build of your product to an equipment contract manufacturer handles these problems.

With more internal resources at your disposal, both financially and intellectually, you are free to focus on expanding core areas of your business, such as: research and development, product innovation and business expansion. In order to realise these benefits, you will need to establish effective communication with your chosen ECM. On-time delivery and quality are paramount. Cost is also a huge factor but should be considered in terms of total-cost-of-ownership and value. After all, you get what you pay for. Great communication is the key ingredient that makes it all work. In other words it’s vital to clearly work with your ECM on your exact needs and wants as everybody’s requirements are different.

ECMs have different niche areas of specialisation so it’s important to be able to identify the right supplier that suits your product and company best. Having a dedicated project manager on your project to oversee progress and provide one-to-one feedback as manufacturing itself relies heavily of supply chains, people and technology so in itself is a moving organism. However, with open and honest two-way transparent communication in place, any stress around potential problems will be minimised and solutions optimised at an early stage. So the message is:

“Mind your own business and let your carefully chosen ECM mind your equipment.”

Get in touch on:

+353 (87)137 7434

kieron@dynamicinnovations.ie

 

Free Up Your Expensive Manufacturing Resources

Turning your prototype or sample working models to meet your market demands can be real hardship if not planned out right. OEM start-ups and SMEs alike, often find it difficult to manufacture their machines in-house due to limited resources or lack of specialist manufacturing expertise.

Equipment contract manufacturing offers a solution as this is their bread and butter.

By partnering with an experienced manufacturing service provider, you can outsource the manufacture and build process in its entirety so you focus on your own company and market expansion. Simply hand over the machine drawings and relevant documentation, and the ECM (equipment contract manufacturer, otherwise known as repeat contract manufacturing, repetitive contract manufacturing or build to print) will build the machine from start to finish. From low volume through to high volume manufacturing, an ECM can help you rapidly scale production of your medical machinery, equipment or instrumentation. And with the management of your project in expert hands, your team can return to what they do best – pushing the boundaries of R&D to prioritise product innovation. Focusing on the key areas of: collaboration; technical expertise; and value add, our guidance will help you identify the best match for your individual requirements. Providing practical advice on selecting a ‘right first time’ ECM partner for your high-tech equipment.

If this is something you need, feel free to get in touch for a no-obligation consultation.

+353 (87)137 7434

kieron@dynamicinnovations.ie

Tips for Supplier Qualification

I have witnessed literally millions of euros of wasted by OEMs by qualifying the wrong suppliers for their niche services.

There is so much time and effort spent, from initial engagement through to enquiry and on into qualification, to get on the approved supplier lists. This can take 3 to 18 months depending on the customer’s process and dedicated resources. In the meantime, opportunities are missed out on, which is a shame for both customer and supplier. Eventually when the supplier is approved the urgent need or requirement may have changed or the supplier may have fulfilled their capacity with existing or new customers.

To truly handle this, I believe you need a technical business excellence manager and a quality control auditor to access a supplier for suitability and value creation.

At Dynamic Innovations we research hundreds of suppliers to audit a few and end up with the right supplier with the right attributes to fulfil a customer’s “needs and wants” technically and commercially with the right amount of communication for business flow.

It takes a combination of skills to audit a company’s financials, technical capabilities, capacity to expand, quality systems, supply chain, logistics, overall management and culture, to trust as a supply partner. An absence of any of these qualities will affect the business transaction to some degree.

Contact us if you need a new supplier for parts and/or assemblies for sophisticated equipment.

Kieron

+353 (87) 137 7434 | kieron@dynamicinnovations.ie

Contact