Strategy Development in manufacturing is a structured approach to setting long-term goals, aligning resources, and planning actionable steps to achieve sustainable growth and competitive advantage. Typically employed by C-suite executives, managers, and other decision-makers, this iterative process often involves SWOT analysis, scenario planning, and the setting of key performance indicators (KPIs) to measure success. Through a well-articulated strategy, manufacturing organizations can optimize their production cycles, improve quality, reduce costs, and swiftly adapt to market changes. By coordinating various departments such as procurement, production, and sales, Strategy Development acts as a blueprint for operational excellence and offers a framework for informed decision-making, helping firms navigate the complexities of the manufacturing landscape.
Praxie’s Manufacturing Ops application has greatly improved our daily management initiatives. With remote workers and several different locations, it’s easy to see how we are doing, identify issues, and track our improvements – no matter where we sit.
With Praxie we’ve created a way to report on complex projects that gives management full visibility. Executives have full visibility to all aspects of projects, assignments, etcetera at their fingertips.
Praxie’s software transformed our operations, enabling data-driven decisions and streamlining our manufacturing process.
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Michael Lynch is a creative and successful executive with extensive leadership experience in delivering innovative collaboration products and building global businesses. Prior to founding Praxie, Michael led the Internet of Things business at SAP. He joined SAP as part of the acquisition of Right Hemisphere Inc., where he held the position of CEO. During his tenure, he transformed a small tools provider for graphics professionals to the global leader in Visualization software for Global 1,000 manufacturers and led the company to a successful acquisition by SAP.