Production Machining

OCT 2016

Production Machining - Your access to the precision machining industrial buyer.

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20 PRODUCTION MACHINING :: OCTOBER 2016 Helping Precision Machine Shops Be More ProducƟ ve and Profi table So, what is the purpose of our business? If you say it is to make profi ts, I would urge you to reconsider. The purpose of our businesses must be the creation and protection of our customers. It is the provision of goods and services to our customers. It is the provision of goods and services to customers. Without this customer focus, there will be no customer demand. Without customers, we will have no sustainable business, no sustainable profi ts. The loss of customer demand in the Great Recession is proof that our organizational purpose must be customer-focused. Customer demand is what determines market outcomes. Customer demand is what we build our fi rms to serve. Our Customer demand is what we build our fi rms to serve. Our organizations must be driven to sustain the demand that sustains them. The motivation for our actions must therefore Is it Supply or Demand that Drives Our Business? Continued from page 17 The customer is the foundation of a business and keeps it in existence. He alone gives employment. nd it is to supply the customer that society entrusts wealth — producing resources to the business enterprise." -Peter Drucker " be to serve our customers, by creating, protecting and be to serve our customers, by creating, protecting and providing them goods and services to nurture and sustain providing them goods and services to nurture and sustain providing them goods and services to nurture and sustain their demand. Profi ts are the evidence that we are doing this right. Sources: *Quotes: Peter Drucker – The Practice of Management, 1954, Harper Collins, New York, New York Auto sales data: Sellers, R. (2015). 2015 Auto dealer economic outlook, HHM Certifi ed Public Accountants Blog, economic outlook, HHM Certifi ed Public Accountants Blog, March 26, 2015. Retrieved from: short.productionmachining.com/dealerout To grow and profi t today, you have to work smarter. You have to relentlessly eliminate waste. PMPA is the way to expand your knowledge and increase your capabilities in order to grow your business. Through daily interaction with PMPA staff members, you have access to our expertise on important issues. You're also able to tap the collective knowledge of your peers: those who have "been there" and "done that." Through the meetings, resources and online connections, reports and more, we give you the tools to grow. We look at emerging markets and let you know what's hot and what's not. PMPA programs help you understand your markets so you can make sense of the issues. And we provide relevant information to help you make informed decisions. Why Join GROW! Why Join PMPA? YOURCAREERFACTS.COM PMPASPEAKINGOFPRECISION.COM 2 GREAT BLOGS!

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