In today’s competitive marketplace, growing manufacturers face a variety of challenges. The Manufacturing Advocacy and Growth Network (MAGNET) provides comprehensive services addressing these challenges. With expertise in everything from workforce development to growth and innovation, MAGNET is an invaluable resource to any manufacturer seeking to grow and thrive.
Engineering and Product Development
MAGNET can help your company create and develop new products. Our experts use value engineering to simultaneously increase product value and decrease the cost of production, allowing you to better serve your customers. MAGNET’s engineers design your products for manufacturability and connect you with the right manufacturer to make your designs a reality. Additionally, our rapid prototyping services allow you to easily assess and improve upon product concepts, streamlining the development process.
MAGNET provides services to help manufacturers attract, develop, and retain qualified workers. We can assist you in cultivating an attractive workplace atmosphere that facilitates employee impact and engagement. We can also help you develop your current workforce, providing opportunities for your employees to grow their skills, as well as providing essential succession planning for your leadership.
Sales and Marketing
To be successful, your company must have a meaningful and unique message. MAGNET can help you establish an impactful value proposition for your company by clarifying what is unique about your product or service, what problem your product solves, and how to make your company credible with customers. MAGNET helps assess the best way to market and sell your product, including providing SEO consulting services for digital marketing, in order to maximize profits.
MAGNET often finds that there are opportunities to improve efficiency in manufacturing processes, and even larger opportunities to improve efficiency in the office. Through lean consulting and related services, MAGNET can target inefficiency in sales, engineering, purchasing, and manufacturing, to streamline and improve operations in your business.
Growth and Innovation
As your company strives for profitable growth, MAGNET’s growth advisors and PRISM help you find growth funding, generate new product ideas, identify new customers and markets, create new marketing and sales plans, improve operations to increase your bottom line, and find and train new employees. MAGNET’s proven ideation process has helped hundreds of companies – including Sauder, Mantua, and more – launch new products and services.
Logistics and Export
MAGNET can help your company improve the throughput and efficiency of your warehouse and distribution operations. Through our partners, MAGNET can help you explore the possibilities of international export. For example, client company Cleveland Whiskey recently began exporting to Germany. We can help you do the same!
Many companies use quality tools effectively in technical manufacturing- but MAGNET can help you extend quality standards to office, design, and related areas. Our best-in-class methods include both quality and six sigma methods for comprehensive improvement and problem solving in your business. In addition, MAGNET can assist in installation and maintenance of ISO, TS, and AS quality systems.
Article submitted by Bank of America For mid-market companies, business success and responsible growth aren’t mutually exclusive. In fact, prioritizing responsible growth is becoming increasingly important, and successful companies are making sustainability central to their growth strategies. Beyond good corporate citizenship, they are recognizing the intrinsic link between the strength of their business and that of the communities and economies in which they operate. Leading your growth with those goals in mind builds resilience and better solutions for the future. Consider the following: Responsible growth companies perform better. Companies that consider the impact of risks and opportunities on the environment, local communities and society may produce better financial results than those that don’t. Additionally, 90% of companies believe a sustainability plan is important for remaining competitive. Responsible growth companies attract investment. A 2016 study by MIT Sloan Management Review and Boston Consulting Group surveyed 3,000 executives and managers from more than 100 countries. Findings revealed that 75% of senior executives in investment firms agree that a company’s sustainability performance is materially important to their investment decisions, and nearly half would not invest in a company with a poor sustainability record. Ninety percent of executives see sustainability as important, but only
HEADLINE The survey definitively shows that product innovation leads to more growth, while “grow your own workforce” strategies will be needed to fill the major labor shortages hampering small manufacturer growth. Emerging technologies like the Internet of Things (IoT), 3D printing, and digital manufacturing are beginning to enhance innovation and productivity, but still have significant room for adoption amongst Ohio’s small manufacturing businesses. ABOUT THE SURVEY Under the direction of the Ohio Manufacturing Extension Partnership (Ohio MEP), MAGNET: The Manufacturing Advocacy and Growth Network conducted a thorough survey of Ohio’s manufacturing base. Contributing approximately 20% of Ohio’s jobs (and driving in some regions up to 50% of Ohio’s economy), and generating a disproportionate amount of export revenues and Gross Regional Product, manufacturing is critical to Ohio. Greater than 95% of Ohio’s manufacturers are small (under 500 employees), and these manufacturers need to remain competitive both nationally and internationally to ensure our economy’s health. Ohio’s Development Services Agency and the National Institute of Standards and Technology, which runs the MEP, recognizes the importance of this sector and fuels MAGNET and the Ohio MEP program to directly serve and support innovation, efficiency, and growth in small and medium manufacturers. What manufacturers need
How Virtual Reality and Augmented Reality Can Help Keep Our Engineers Safe and Our Manufacturing Strong Recall how difficult it was to put together complex LEGO creations when you were a child or helping a child. Now, picture assembling a fighter plane from a room full of parts. Even highly trained engineers can benefit from technology to help improve consistency and quality. Virtual reality (VR) and augmented reality (AR) are making near-perfect assembly a possibility in the manufacturing space. By wearing AR glasses that use cameras, depth sensors and motion sensors to overlay images onto the real working environment, engineers and factory workers can visualize the exact bolts, parts, part numbers and instructions on how to assemble a particular component correctly. Lockheed Martin began using AR goggles and improved F-35 assembly time by 30 percent, in addition to increasing accuracy to 96 percent. In order to remain competitive, businesses should consider the ways VR and AR can improve efficiency and supply chain productivity. According to a recent BofA Merrill Lynch Global Research report, AR platforms can provide companies up to 25 percent in cost savings on installation of equipment. Here are four ways VR/AR is disrupting the mid-market manufacturing space: