Manufacturers
Top Line Growth
New Products
New Products/Services that Anticipate the Future
New products and services that anticipate customers’ future needs are ten times more predictive of success than new products and services that simply respond to customer requests.
As you identify now product/service opportunities for your company, MEP can assist with market research, prototyping and testing, product development, and getting products to market.
Profit!101 Training
Profit!101 is a ½ day growth workshop that allows manufacturers learn a reliable, proven system for increasing profitable sales by at least 10% to 20% per year, or more. Because it is the only profitable growth system based on scientific methods, businesses can now reliably maintain that growth year after year.
Participants in the Profit!101 growth training workshop will learn the USA’s number one growth system from the USA’s #1 growth network. This is done by coaching program participants through a highly interactive simulation of creating growth ideas for a fictional company. In other words, it is a “learn by doing” approach.
Profit!101 is part of the Eureka! Winning Ways® method based on the latest academic research and the world’s largest continuing analysis of how to best grow top-line sales for small and mid-sized companies. It has been used by many of the largest corporations for over 20 years, and is being introduced to small businesses through the National Institute of Standards and Technology Manufacturing Extension Partnership Program (NIST MEP).
During Profit!101, participants learn the following:
- How to apply a reliable PROFIT-driven innovation system throughtout all departments.
- How to leverage current capabilities to attract new PROFITABLE customers.
- Hoe to lead current customers to new PROFITABLE products or services.
Lean Product Development
The best way to reduce costs and speed the time to market for new products is to focus on the elimination of non-value-added waste in the design of the products and in the new product development business processes.
Lean Product Development is a powerful approach that is proven to reduce costs and accelerate time-to-market for the development and delivery of new products and services.
To achieve this waste-slashing capability, MEP has adapted one of the most powerful and successful improvement philosophies of the last decade and applied it to the process of product development.
Our services include Lean Design, a powerful, integrated set of team-friendly tools to slash manufacturing costs at all levels and Lean Product Development, a practical approach to accelerating time-to-market through aggressive waste elimination in the planning, resource management, design control, and interdisciplinary communication business processes.
Technology Acceleration
As NIST MEP transitions into its next generation of operations and service offerings, its focus will expand to emphasize both the proven suite of bottom-line services that help manufacturing companies thrive by increasing productivity and decreasing costs, as well as an innovative approach to generating opportunities for top-line growth
At the center of the Next Generation MEP approach is the development and implementation of a nationwide technology acceleration system. This technology acceleration system will catalyze manufacturer innovation for applications in products, processes, services, and new business models. MEP technology acceleration will build upon the increased efficiencies generated by MEP’s bottom-line services and growth opportunities identified by companies in conjunction with its Eureka! Winning Ways (E!WW) service offerings. These growth opportunities will in many instances involve the translation of technologies produced by and available at the nation’s technology sources, such as the NIST Laboratories, other Federal R&D laboratories, research university laboratories, and the private sector R&D capabilities.
Successful implementation of the MEP technology acceleration capability will be dependent upon the translation of technologies into meaningful business terms that are understandable by small manufacturers. It will connect small manufacturers with sophisticated R&D labs in a bilateral way where technologies produced by research labs will be matched with manufacturer capabilities and growth opportunities, as well as where manufacturer needs are also connected with potential technology solutions developed within the research laboratories.
New Strategies and Business Models
MEP helps manufacturers look at the big picture and articulate business models and strategies for the future. Across our network, strategic-level advisors help leaders understand the competitive landscape, determine strategic advantage and positioning, and create strategic plans for the future.
