As companies succeed, they tend to grow business by adding parts & vendors. Add complexity, you add more costs. You must decide if the incremental cost of adding elements is worth the potential impact on margins. More: buff.ly/2Ux3NtN #PortfolioComplexity #8020 #mfg

Some long-tail customers cost more than they’re worth. Learn how can you turn infrequent low-budget customers into new profit sources. Read the article "Tangled Up in Your Long Tail? Straighten It Out!" buff.ly/2VnpVSS #longtail #complexity #manufacturing #lean

Many businesses using 80/20 rule are hesitant to raise prices for those low-volume customers in 80% bracket, for fear of losing sales. Break out of the cycle of working for a dime, not a dollar — don’t be held ransom by fear. buff.ly/2Fbbpsy #8020 #pricing #profitability

"Fuelling change in the vehicle architecture with big data" buff.ly/2PymOq7 #bigdata #mfg #Automotive #Analytics

"Using Data Analytics to Improve Operations and Maintenance" buff.ly/2IR6Pmy #data #analytics #operations #matinenance

"Cracking the Operational Analytics Nut" buff.ly/2IT0C9M #operations #analytics #process

Margin-driven profiles of clients & products show which need specific pricing actions. As a result, businesses are able to observe which clients &/or products are most profitable within their portfolio, including those in 80% bracket. #DataAnalytics #BusinessStrategy #8020rule

"How To Spring Clean For Business Innovation" buff.ly/2GKzrKF #business #businessinnovation #innovation