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

Understand true #productprofitability before dding new designs to satisfy customers. New variants increase the cost of #complexity & must eventually be offset by price + or cost - Sometimes cost of adding product variants is higher than margin gain buff.ly/2C8R2dz #mfg

"The 80/20 Conundrum: How to Improve Your Margins" buff.ly/2TXYShh Most companies, top 20% of customers generate close to 80% of profits. But how do you improve the performance of the remaining 80% of customers? Here are some essential tips #8020 #margins #profitability

Living with #complexity demands a clear understanding of true #productprofitability. #Dataanalytics coupled with a complexity reduction process, to differentiate between the vital few & trivial many — can lead to a successful strategy #EBIT Casestudy: buff.ly/2C8R2dz

Lean is a popular buzzword in the #mfg industry, but it doesn’t often lead to the success mgmt expects. The challenges with #lean mfg are often in tackling #complexity created by expanded #product lines & traditional cost accounting. @peteiron More: buff.ly/2t4MQa2

"The Dangers of Unfocused Growth: Tackling the Hidden Costs of Complexity in Your Company" Growth comes with cost, thereby creating complexity. What are the hidden costs of complexity in your company? Read here: buff.ly/2UaZWOY #complexity #growth #productportfolio

product portfolios often expand when new products are introduced which are variants of existing designs - these are often more work than worth, leaving revenues that grow faster than profits. Learn more buff.ly/2C8R2dz #complexity #8020 #manufacturing #costs

"How to validate data, analytics, and data visualizations" buff.ly/2NytvYc #data #analytics #dataviz #testing #Apps