Time is money – here's how to use it to add value to a product


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Competition at the technology speed is harsh and any advantage is an advantage. Most cases, leaders reward strategies that focus on reducing production costs to provide products or services at lower prices than competitors. Our most recent experiences, however, have revealed the time to be a Unsung In increasing the value of products.

With the placement of broad -generation fibers and connecting houses, we know that time is essential for maintaining manageable costs. We knew that our clients had to open a well, bring out the cables, prepare, remove and tear them down, and then put everything in place, and that time cost our clients' money. So we used a feature of our existing technology to develop our sealing method, allowing technicians to be shared immediately into the cabinet. The design change was hardly revolutionary, but ended to double the number of cabinets that could be set within a day, and customers soon began to notice the difference.

Our first ads that describe our product time savings attracted the attention of large service providers who sent staff to investigate our claims, which eventually led to their business. As the news of their time savings spreads, we increased from the supply of part of a state in the full state, then numerous states. The more we demonstrated how our time saving technology would overcome their objectives at the same cost as competitors, the more clients asked us.

The saying is a classic because it goes for more than just wide band of fibers – time IS money when you develop Strategies to stay competitiveusing the value of time in Product development It is just as important, if no more, the cost to consider.

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Customers appreciate their time

Whether they know or not, customers value time. When product design Reduces the time it takes for customers to execute tasks, customers saves on labor costs, operational efficiency and market speed. If a fiber installation company can connect more homes every day using efficiency tools or ingredients with time to take a third time less to install-is a win for everyone. They serve more customers with high -speed broad -speed economic advantages and the company generates income faster.

Like automation software allows businesses to spend less resources on routine tasks, when products consider lowering time on behalf of customers, we help them release more time for innovation, scaling their operations or providing smooth experiences of the client. Enabling our clients 'success allows them to respond and offer their customers value faster, potentially saving their customers' time and the pleasure and loyalty of running their customers. The client's victories are our victories – the sooner we help them achieve their goals, the more valuable our products become for them.

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The right partners save time

expert penetration and instructions Save time in product development, which is why we focus on field engineering rather than laboratory engineering. Our staff experts and engineers help us identify and compare the best options available. Through their lenses with hundreds of years of accumulated experience, we can determine faster what works best for craftsmen and technicians who use our products and in order to reduce the time they need to learn, install and place them in this field .

Right Supply chain partnerships It can also contribute to time savings to product development. The time -assessment supply and distribution partners will have processes and systems in the country to maintain the right amount of inventory and provide customer service that enables us to develop and start our products faster. When we decided to diversify our supply chain and ensure that no point was dependent on the source, we were ahead with our partners that our goals were not to strengthen their competition, but to avoid delays and project breaks. Because our partners understood the value of that time saving, our transparency strengthened those relationships that eventually allowed our business to flourish during the Covid-19 pandemic.

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Let the time create time

Like computers, phones, applications and other technology we use daily, some of the most changed innovations in life improves from improvement, gradually helping us do more and do better. Still, to include time savings in the process of product development and develop the design of the time saving product requires a lot of equality of sweat, thought and years of knowledge. Here are four ways to start:

  1. Make the products easier to install and operate. Engineer “Craft friendly” products with the end user in mind. Evaluate Using customer product At every stage of its life and reduce the complexity of the installation and interfaces of the user. Products that save the time of operators in the field create additional value through the faster completion of the project and the reduction of work costs.
  2. Lower the time spent for execution. Consider any internal process, task and workflow involved in product development and how to direct, automate or simplify them. Bring experts and give everyone involved in that cycle – from engineering and applications teams to product management, sales and accounting – a place on the table for inclusive knowledge.
  3. Review your supply chain. Evaluate the supply chain partners and if they help to save time in designing and placing the product or causing delays. Develop a network of different supply chain partners ready to scale, but also prepared to control costs during difficult times.
  4. Clearly communicate the position of the company in time. VPS and above often understand the necessity of time and its value in the purchase, design and placement of products, but they must convey that knowledge to all team members who carry out the purchase process to ensure that time is always considered.

As good ideas pass from one to another, the old guard can naturally maintain what has always worked before: lowering costs has always been competitive in the past, so why change? But in our experience, customers are willing to pay a premium for a product that can roll faster and allows them to move on to the next project faster. Time can add significant value to a product and hold a company ahead of the curve, so don't let it be a consequence. From the processes of adjustment, the formation of the right partnerships and the design with customers in mind, learn to use the time wisely in the development of the product and direct the benefit.



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