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How To Lighten Up Business Models

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Companies have dramatically reduced the total cost of managing multiple products, for example in the car industry, by designing platforms that they apply across models. This lets companies simplify product lines as well as supply chains.

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How To Lighten Up Business Models

  1. 1. Copyright © 2017 Tata Consultancy Services LimitedMay 2017 How To Lighten Up Business Models PERSPECTIVES VOLUME 8 Milind Lakkad Vice President and Global Head of Manufacturing
  2. 2. Six Ways to Become Lighter 1. Becoming nimble and competitive 2. Enabling customer convenience 3. Creating new revenue streams 4. Making a case for new technologies 5. Using M&A for strategic growth 6. Building an IoT- enabled world Manufacturers worldwide are simplifying and reimagining business models, by:
  3. 3. Reduce the total cost of manufacturing by standardizing platforms across products Consolidate suppliers and harmonize components Become Nimble and Competitive
  4. 4. Integrate potential touch points and make it easier for customers to do business with you Enable Customer Convenience Embrace change and tap into insights about customers and their needs Reduce costs by doing business online
  5. 5. Explore new business models that take advantage of modern technology Employ cloud technology and analytics to monitor products even in the hands of the end-user Use these insights to provide exclusive services and earn additional revenue Create New Revenue Streams
  6. 6. Scrapping those in favor of new technologies is an uncomfortable decision Manufacturing companies invest heavily in equipment that lasts for years To ease into this, companies can experiment with contract manufacturing, divestiture, and similar business solutions A Case for New Technologies
  7. 7. Use M&A for Strategic Growth Companies rely on M&A as an important strategy for business growth Organizations need strong leadership to integrate business models after M&A This requires strong executive sponsorship and strategic focus
  8. 8. Build an IoT-enabled World Manufacture products that generate and transmit data even when on the field Move from B2B to a B2B2C business model with such products Earn annuity revenues from services
  9. 9. Become smarter, lighter, and more customer-centric Earn additional revenues by providing timely services Pursue the ideal paradigm: design anywhere, build anywhere, and sell anywhere Business Models of Tomorrow
  10. 10. Copyright © 2017 Tata Consultancy Services Limited How To Lighten Up Business Models Contact a Consultant Read the Article
  • SampreethKumar

    Jun. 14, 2017
  • swagatika.nanda

    May. 19, 2017

Companies have dramatically reduced the total cost of managing multiple products, for example in the car industry, by designing platforms that they apply across models. This lets companies simplify product lines as well as supply chains.

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