To stay competitive in an ever-more sophisticated global economy, manufacturers have to transform and find better, more efficient ways to deliver value faster to their customers. The motivating factors are shorter lead times, automated and streamlined value flow, as well as reduction of overall costs and bound capital, requiring enterprises to transition to a continuous innovation and optimization model.
The Oklahoma Manufacturing Alliance deploys a plethora of services that create vibrant continuous innovation cultures.
Among the most advanced processes employed by the Manufacturing Alliance is the System of Pi.
The System of Pi (Profitable ideas) is a state-of-the-art program that generates ideas, vets them for feasibility & profitability and implements them so the profits or other benefits may be realized. The team utilizing The System of Pi is comprised of you, some of your employees or other business associates and a System of Pi expert authorized by Oklahoma Manufacturing Alliance.
These profitable ideas can be in the areas of new products, services, processes, customers, markets, marketing strategies and business models to drive revenue growth or other benefits. The profitable ideas can also be in the areas of operations, methods, processes and system improvements to reduce expenses. Some ideas may do both; increase revenues and decrease expenses.
As you might recall from geometry class, Pi is the ratio of a circle’s circumference to its diameter. Therefore, the greater the diameter, the greater the circumference. The same can be said of the ratio of a company’s good ideas implemented and their profits. Therefore, the greater number of good ideas implemented, the greater the profits.
Goals and Mission
We would start the process by gaining an understanding of your company’s goals and mission. We would perform a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis with you. We would come to an understanding of how your company operates, its products & services and its markets & customers. We would work to identify what problems you face in trying to achieve your goals. Ultimately, we want to determine what you need ideas for.
In The System of Pi, idea generation is much more than group brainstorming. Unique idea generation tools along with the thoughts of you and your team are used to generate potentially profitable ideas. Then, the ideas are prioritized based on initial thoughts in regards to an idea’s potential profitability, other benefits and ease of development and implementation. Ideas enter the vetting process 1 or 2 at a time for increased focus, control and speed.
The Vetting Process
Not every idea will make it through the vetting process to implementation. In the vetting process, an idea leader from your company, you and an authorized System of Pi expert and perhaps others work to determine the viability of the idea, refinements that may need to be made and potential barriers to implementation. Areas to explore may include competition and industry research, customer or user feedback, sales forecasting, cost estimates, process mapping, prototyping and testing.
Many times, lack of planning and implementation prevents companies from reaping the rewards of their potentially profitable ideas. In the implementation process, an idea leader from your company, you, a System of Pi expert and perhaps others will design a plan of implementation and work to implement the idea.
Is The System of Pi Right for Your Company?
The System of Pi can be beneficial to any size manufacturer or organization in any industry that has goals, aspirations and a desire to work hard to be successful. However, it was designed for companies that have from 5 to 30 employees and are serious about generating, vetting and implementing ideas in order to increase revenues and profits.
The System of Pi does require an investment of time and money to be utilized successfully. Generally, the System of Pi expert works directly with the business owner or high ranking organizational leader.
Contact us today to learn more about how The System of Pi can benefit your company or organization. For more information email firstname.lastname@example.org