Author Archives: Charing Kam

Roles, Approvals, Country Discounts: Speeding Up Manufacturing Sales Cycles

Posted by Charing Kam on Friday April 13, 2018

“Manufacturing” as a category might make up a huge part of a country’s GDP, but when you break it down, the types of products made can range from the smallest screw to the largest forklift. There are automotive manufacturers, medical equipment manufacturers, contract manufacturers, engineer-to-order and make-to-order businesses…the list goes on.

It stands to reason that sales processes can differ dramatically according to the type of manufacturing as well. In this article, we will be looking at the ability to expedite the industrial B2B sales cycle for a section of manufacturers.

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Tags: CPQ Configure Price Quote, Manufacturing, Business Goals, B2B Sales Challenges

Top 3 Manufacturing Industry 4.0 News You Should Know In April

Posted by Charing Kam on Thursday March 29, 2018

With Good Friday right around the corner, March ends on a holiday high. Let’s look back at the most interesting Industry 4.0 stories from this first quarter of the year, from supply woes to automotive innovations.  

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Tags: CPQ Configure Price Quote, Industry 4.0, Manufacturing, Smart Manufacturing

Are Manufacturing Sales Automation Tools Killing Industrial Sales Jobs?

Posted by Charing Kam on Wednesday March 28, 2018

As Industry 4.0 solutions have taken over the market, employees of manufacturing companies have started getting anxious about job security. The number of articles that proclaim ‘Robots/Automation will destroy our jobs!’, boosted by publishers such as The Guardian, BBC, and Wired, number in the millions (2 million results on Google and counting!).

While it is true that innovation will bring many changes to the work landscape and many roles will need to be up-skilled to stay relevant, it is also important to keep in mind that Industry 4.0 solutions will affect every role differently.

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Tags: Manufacturing Automation, B2B Sales Automation, Industry 4.0, Configuration and Calculation, ETO Engineer To Order, Smart Manufacturing, B2B Sales Challenges, Manufacturing Sales Platform

Maintaining Margins While Increasing Quality: China’s Challenge

Posted by Charing Kam on Friday March 23, 2018

As China rose through the years as a manufacturing powerhouse, the country became synonymous with exports. ‘China used to be the world’s factory’, proclaimed Forbes, as the country overtook the United States as the world’s biggest producer of manufactured goods from 2011 onwards. In 2015, it produced ‘80% of the world’s air-conditioners, 70% of its mobile phones and 60% of its shoes’, as per The Economist. In 2016, its total Manufacturing Value-Added (MVA) was a whopping 3.25 trillion, as mentioned in our previous article on ‘Made in China 2025’.

However, along with that meteoric rise in manufacturing production came an opposing dive in China’s reputation for product quality. As early as 2007, consumers and manufacturers alike were complaining of ‘quality fade’ when it came to Chinese products, explained by Forbes as ‘the deliberate and secret habit of widening profit margins through a reduction in the quality of materials’. Basically, by reducing the quality from batch to batch, factory owners were able to cut costs and increase margins, but with many potential risks.

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Tags: Industry 4.0, Manufacturing, Smart Manufacturing, China

What Applications Can A CPQ Have For ETO Businesses?

Posted by Charing Kam on Wednesday March 21, 2018

Engineer-to-order (ETO) businesses have a unique challenge in the manufacturing space: When your business model depends on mass customisation, sales is never routine. Each project requires precise complex calculations as well as engineering resources and input due to the singularity of the final product or project.

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Tags: CPQ Configure Price Quote, Manufacturing, ETO Engineer To Order, B2B Sales Challenges, Manufacturing Sales Platform

CPQ: The Missing Link In Your Contract Manufacturing Business

Posted by Charing Kam on Thursday March 15, 2018

Contract Manufacturers are vital in the supply chain of manufacturing. While many in the manufacturing industry treat it as just an outsourcing entity, churning out goods for others, contract manufacturers have been busy adapting to the rapidly-changing landscape that Industry 4.0 has brought on.

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Tags: CPQ Configure Price Quote, B2B Sales Automation, Manufacturing, B2B Sales Challenges, Contract Manufacturing, Manufacturing Sales Platform

The Prescriptive Approach to Industrial B2B Sales

Posted by Charing Kam on Thursday March 08, 2018

Have you ever walked into a grocery store to buy something, saw the number of options available, and then spent an hour comparing every single one until you were sure you were getting the best product? Or refused to buy a product in-store until you had done a detailed comparison online?

In this data-driven age, this isn’t uncommon. This can be seen through the power of review sites; various research conducted has put online trust in review sites at a 80-90% range. Everyone is bombarded with information, and trying to find more information that will tell them which information is best.

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Tags: B2B Sales Automation, Smart Manufacturing, B2B Sales Challenges, Customer Satisfaction

Top 4 Manufacturing Industry 4.0 News You Should Know In March

Posted by Charing Kam on Wednesday February 28, 2018

The shortest month of the year might be ending, but that doesn’t mean that February was any less exciting. After all, Tesla and Elon Musk did send an actual car into space this month! Our top 4 Industry 4.0 news, below.

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Tags: CPQ Configure Price Quote, Industry 4.0, Manufacturing, Smart Manufacturing

The Biggest Challenge Affecting Industrial B2B Sales In 2018 And Beyond

Posted by Charing Kam on Monday February 26, 2018

Industrial B2B sales have been going through a transformation in the past century, with user data rapidly moving online and expanding immensely in scope. When longer buying cycles on the buyer side are combined with advanced prospect targeting on the sales end, we can deduce this: buyers will expect more. 

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Tags: B2B Sales Automation, Smart Manufacturing, Business Goals, B2B Sales Challenges

How Industrial B2B Sales Should Manage User Data 

Posted by Charing Kam on Monday February 19, 2018

We hear this often: over 90% of the world’s data was generated in the last two years. According to The Economist, 'Data are to this century what oil was to the last one: a driver of growth and change.' An IDC Paper talks about 163 zettabytes of data a year by 2025. Even in Industrial B2B sales, data has shown its impact. 

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Tags: B2B Sales Automation, Smart Manufacturing, B2B Sales Challenges, Customer Satisfaction

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