Published September 14 2020 by Dominic Telaro
Are you aware of which products are most profitable to your company? A question like this should be answered with a resounding yes when it comes to knowing which products in your manufacturing organization are the most profitable. In order to be successful, you have to know the answer to this question and for some it may be more difficult to answer than others.
This survey report showcased that 91% of manufactures reported an understanding of which products are most profitable in their company. Statistics like this show how deeply important it is to truly understand the data in your business and what’s helping you maintain success.
Understanding your most profitable products is paramount to success in today’s globally interconnected economy. It’s what helps manufacturers determine which products to expand and shrink.
According to Accenture, adopting a product profitability analysis metric makes the best use of data by:
Download the full report here to get instant access to full survey report and analysis: 2020 Manufacturing Industry Trends: Survey Result and Analysis.