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Blog Innovation Manufacturing
De-risking Your Complex Equipment Contract Manufacturing Partner Choice

With hundreds of ECMs to choose from, finding the right one is akin to finding a needle in a world-sized haystack. Getting it wrong comes at a high price. Horror stories abound – you may have one yourself – of failed ECM partnerships. In the worst cases, companies emerge with deep war wounds in the form of recalls, fines, lost sales revenue and reputational damage. Some of the top reasons companies end up with the wrong ECMs are:

  1. The ECM’s total abilities did not fully align with the customer’s actual requirements.
  2. The customer and ECM did not perform due diligence on each other and failed to ignore the gaps in reality.
  3. The customer took for granted that the ECM that looks great on paper must be great in real life.
  4. The customer didn’t ask the right questions.

Note that all of these pitfalls could and should have been avoided before any agreements were signed. De-risking your selection process, whether your goals centre around innovation, quality, profit, growth, gaining a competitive advantage or becoming a household name, the right ECM will be a key contributor to your success. So, yes, finding that perfect fit is worth the work. Notice we that we say ‘work’ not ‘risk’ because the right process empowers you to dodge common buyer’s journey perils altogether.

Dynamic Innovations developed a fact-finding questionnaire that helps both OEM (start-up, SME or multinational) and supplier identify suitability at the very early stage of the evaluation process.

We are looking for disruptor SMEs that need and want a competent ECM to manage their sophisticated product.

Contact us now to see if our sweet spot aligns and don’t forget to stay connected.

Kieron | CEO

Kieron@dynamicinnovations.ie

by Dynamic Innovations
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Blog Manufacturing Why Ireland
ADVANCED MANUFACTURING IRELAND

Ireland is an ideal location for overseas OEMs to source the manufacturing of their sophisticated equipment, and for good reasons:

  1. Firstly, our technical capabilities to project manage high-tech electrical, software and mechanical engineering alongside globally sourced materials to assemble and test valuable desktop and floor-mounted equipment to international customers.
  2. Secondly, Ireland is ideally located to service Europe, the Middle East as well as the USA. As an island we are very experienced servicing international customers with an excellent infrastructure to deliver quality equipment consistently without disruption due to the localised supply chain stability.
  3. Thirdly, we have a highly educated, skilled workforce operating in Industry 4 & 5 culture that allows us to scale our manufacturing capabilities cost-effectively.

Ireland has successfully integrated the best of its European talent pool, technology and processes to support global high-tech and MedTech demands.

If you have high-tech disruptive equipment that needs scaling, do reach out and explore the personal care we can provide to help you expand your enterprise. We are always interested to help.

Your sincerely,

Kieron Swords | CEO

+353 (87) 137 7434

kieron@dynamicinnovations.ie

by Dynamic Innovations
438 Views0
Attitude & Company Culture Blog
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

 

by Dynamic Innovations
338 Views0
Attitude & Company Culture Blog
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

by Dynamic Innovations
534 Views0
Blog Manufacturing Strategic Partnerships
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

by Dynamic Innovations
345 Views0

Contact

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

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