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

For many years we have all been aware of recycling to reduce waste and your waste may be another’s treasure. I, like many others, did my bit as I went about my business thinking I was green. I have a life-long toolmaker friend who for the past 10 years and successfully been promoting industrial symbiosis.

“Symbiosis” is usually associated with nature, where two or more species co-depend by  using the other species’ waste, materials or energy in a mutually beneficial manner. Like bees and flowers, remoras – the fish that feed off of parasites on the shark’s skin and in its mouth.

Industrial symbiosis is a form of brokering to bring companies together in innovative collaborations, finding ways to use the waste from one as raw materials for another.

Now, there are real determined goals driven by policies stemming from the realisation that earth is a finite system. In essence, out of shear necessity and respect for our planet, we are shifting from a linear to a circular economy which will have positive impacts for us all personally and in business.

So the circular economy is an economic model that is restorative and regenerative by design. Ultimately in nature the concept of waste does not exist – everything is transformed into a resource that can be utilised.

The circular economy aims to keep materials, components, and products in-use in the economy for as long as possible. In circularity, the key objective is to design consumption and production systems to create and retain value.

Circularity seeks to optimise every aspect of a product’s lifecycle from raw material extraction to manufacturing and first use, and multiple use-lives thereafter, through product re-design, new business models and novel technologies and processes.

It is now widely recognised that the circular economy agenda is fundamentally intertwined with the zero-carbon agenda. Europe has committed to accelerating the transition to a circular economy – with circular principles central to the EU’s Industrial Strategy and EU Green Deal. In this context, as Ireland navigates the path to COVID-19 recovery, now is the opportunity to embed circularity in the Irish economy – creating substantial socio-economic, environmental, and business benefits.

Dynamic Innovations are involved in helping companies with design for Additive manufacturing which will contribute to a more sustainable production model of parts across every sector. Kieron is currently up-skilling by doing a Leadership course in digital manufacturing for the future.

Green Ireland is on a long term sustainable journey so plug in with Dynamic Innovations for some of the action that you can benefit from.

Kieron

Image credit: Repak.ie