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Tue, Oct 25th - 7:11AM

Why are North American companies so badly run?
IF YOU LIKE THIS POST CHECK OUT LILITH NEWS FOR SIMILAR ARTICLES.

Why are so many American and Canadian companies falling by the wayside?

We argue its because they're not staying competitive as new technologies come out.

Take Blockbuster as an example. With the advent of online sharing of movies, music, games, etc. their customers have all been taken by Netflix and similar companies.

Or think of any TV company that ignored the chance to go flatscreen 6 years ago? Or any phone company which didn't jump on the cellphone wagon 12 years ago?

These companies are all failing because they ignored technological innovations. Even a small innovation can make or break a company. ie. Indigo and similar bookstores are now facing the advent of eBooks, which they are tackling by selling eBook readers like Kindle... which itself is now obsolete thanks to tablets like the iPad.

Lets say your company had the ability to track per minute how many widgets were being sold and what kind of widgets. Knowing how many blue, green or red widgets to build and ship would be a nice edge on the competition who is wasting warehouse space storing unsold inventory.

That is where inventory management software and production planning software comes in.

The ability to track what your customers want gives the manufacturer a competitive edge.

Come out with a new and improved wireless widget and your customers will be lined up around the block.


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