Thursday, February 9, 2017

Introduction And Definitions Of Manufacturing Marketing

By Kathleen White


What is marketing. According to American Marketing Association, Marketing is the process of communicating the products and services of a company to the target market. Manufacturing marketing is done by communicating the price of the commodity, the place where the product can be found, the type of product itself and how it meets consumers needs.

Unique capabilities that a firm has over the competitors.

In the advancement of technology and with the growth of the economy, give raise to a booming manufacturing industry. His then gives rise to any opportunities for manufactures to take advantage of. Then there is a consequential increase in competition.

Adding to the power of sales, from salespeople knocking on doors, to the buyer having a wealth of information available to him or her. Marketing for the manufacturing industry has never been more important.

Content online Buyers of manufactured goods often start their search online or form the websites. The content on the website should capture the attention of the buyer such that they would want to get in touch with you to know more about the product and hence buy and repeat sales. These content should be written such that it appeals to the consumer and shows how the product will satisfy their needs.

Do they customize products and services to suit customers preferences. Do the firm deliver solutions that customers have not yet even considered?

A lot of manufacturers would argue that marketing is not an effective use of their resources. Realigning sales and marketing is potentially the largest opportunity for improving business performance.

No matter what type of product a firm is marketing, it comes down to communicating uniqueness of the firm in order to beat competition.

One of the valuable assets your business has is its brand identity. The name of your brand or your business logo. People and customers associate them with your business

First, Accelerate innovation and time to market the product. Secondly, Improve design and engineering collaboration with the consumer. Maximize brand awareness with great customer and business insights, making ordering of complex good simple in order for maximum consumer satisfaction and improving the chain through stock management, monitoring of stock levels, lead time and reorder levels. In addition, take advantage of sales of spare pairs and conduct proper installations to customers. Responding rapidly to the changing and demanding market needs in the supply chain, utilization of global resources needed in the manufacturing processes and reduce delivery cost while Improving efficient delivery. Bundle product and service offerings, and improve performance of services level agreements. Technological improving the production processes. Transform service operations. Into customers centric profit centers.

Distributing documentation. If the products come with documentation that helps customers better understand how to use or implement products, post it on your website.

Threats are the external limiting factors that affects the sales of the company. This might also be factors that limit the company attaining its goals. Examples are, government taxes, technology being rendered obsolete. Current marketing data that shows all dynamics of the strategies and the outcomes of the different companies.

This change is usually necessitated by the responses of the market towards the marketing strategy adopted. It is also a very expensive exercises that might disrupt manufacturing if not planned well

The goals set must be realistic and must have a time frame for achieving them. Analyzing he buyer or target market behaviour, culture or even ages. This affects the buying patterns of consumers to a great extended and hence affecting the outcome.




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