It’s no secret that the United States’ once prominent and thriving manufacturing base has suffered over the past 4+ decades, as global competition eroded American competitive advantages. However, as global standards of living have improved and thereby increased the cost …
Tag: legacy manufacturing
Legacy Products: The Basics Of The 80/20 Principle For OEMs
When you have a product line that’s continually shrinking gross margins or consistently lacking in sales, it is on the decline of the product lifecycle. As the decision-maker at your OEM (original equipment manufacturer) company, when you have a legacy …