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- MANUFACTURING
Drive Intelligent Manufacturing Digital Transformation (Learn More)
- Strategy Development Manager – Craft strategic blueprints with precision, guiding your organization toward its vision and goals.
- KPI Designer/Manager – Visualize key performance indicators and objectives for strategic alignment and informed decision-making.
- Balanced Scorecard – Achieve alignment between Six Sigma initiatives and overall business objectives, driving focused improvements.
- Catchball Cascading – Exchange ideas, feedback, and strategies between different stakeholders to refine concepts and build consensus.
- Huddle Board Manager – Keep your team aligned and empowered with visual displays that track Safety, Quality, Delivery, and Cost performance.
- Innovation Manager – A strategic framework and toolset designed to identify, cultivate, and scale new areas of business potential within an organization
- Project/Actions Manager – Oversee the planning, execution, and completion of projects related to the production process
- OGSM – Facilitate a structured approach to set clear objectives, define quantifiable goals, establish actionable strategies, and identify precise measures to gauge performance
- Lean Continuous Improvement
- 5S Audit – A systematic approach to optimizing transactional and operational processes
- Kaizen – Implement and manage Kaizen projects for a culture of consistent, incremental improvements.
- Gemba Walk – Conduct insightful process walks to uncover opportunities for improvement through direct observation and interviews.
- A3 Problem Solving – Harness the power of visual thinking with our A3 software, guiding your teams through streamlined problem-solving.
- 5 Whys – Dive deep into problem origins with this iterative questioning technique, uncovering root causes and enabling effective solutions.
- Kata Continuous Improvement – A systematic approach to problem-solving and continuous improvement
- Poka-yoke – A fundamental process aimed at preventing errors before they occur
- xMatrix – Align strategy, objectives, and execution with the X Matrix, fostering cross-functional collaboration and results.
- VSM Value Stream Mapping – Visualize end-to-end processes to identify bottlenecks and waste, guiding targeted improvements.
- 8 Disciplines – Utilize this problem-solving framework to navigate challenges methodically and drive sustainable improvements.
- Root Cause Analysis – Uncover the root causes of problems using systematic analysis, enabling effective corrective actions.
- Procurement/Engineering
- Inventory Management – Manage inventory for reduce costs and more efficient processes
- RFP & Vendor Evaluation – Streamline the process of soliciting and evaluating vendor proposals for optimal supplier selection.
- SIPOC – Gain a holistic view of processes by analyzing Suppliers, Inputs, Processes, Outputs, and Customers, aiding process improvement.
- Engineering Change Order (ECO) – Manage and streamline changes to product designs or manufacturing processes
- DFM/A – Elevate product design by optimizing manufacturability and assembly processes for efficiency.
- DFMEA – Streamlines the process of analyzing possible failure modes, evaluating their effects, and prioritizing corrective actions
- PPAP – Streamline the approval of production parts through a standardized and efficient process.
- DFSS – Infuse Six Sigma principles into your product development process, resulting in robust and high-quality designs.
- Reliability Engineering – Optimize product and system reliability through structured engineering practices, ensuring consistent performance.
- Human Factors Engineering – Enhance product and process design by incorporating human factors to optimize usability, safety, and efficiency.
- Supply Chain Control Tower – Centralizes data from various points in the supply chain, providing a comprehensive, real-time overview of all activities
- Pull System Replenishment – Effectively manage inventory by aligning replenishment with actual customer demand
- FMEA – Anticipate and mitigate potential failure points with this Failure Modes and Effects Analysis tool for robust risk management.
- Production
- OEE/Production Monitoring – Monitor production processes in real-time, optimizing efficiency and minimizing disruptions.
- Work Order Scheduler – Optimize work order sequencing and resource allocation for efficient production scheduling.
- Production Scheduling – Effectively align resources, machinery, and workforce with market demand
- SMED – Reduce equipment setup and changeover times to under ten minutes
- Methods Line Trial Manager – Set up, monitor, and assess trial runs for new or modified production lines
- Trial Parts Manager – Streamline the management of trial and prototype parts, ensuring efficient handling from inception to final testing
- Escalation Manager – Facilitates the rapid identification and escalation of critical issues that can impact production efficiency and safety
- MPC Work Order Manager – Facilitates the entire lifecycle of a work order, from initial scheduling and resource allocation to progress tracking and final reporting
- FIFO Process – This app prioritizes the oldest stock for use first, reducing waste and minimizing the risk of obsolescence
- Heijunka – Implement the Japanese philosophy of production leveling
- Line Leveling – Helps identify bottlenecks and smooth out production imbalances
- Quality/6 Sigma/Maintenance
- Effective Quality Check – Use this tool to establish customizable inspection workflows, monitor production, and automate reporting
- Quality Function Deployment (QFD) – Translate customer needs into product features, guiding product development for superior customer satisfaction.
- Product Quality System (PQS) – Set up customizable inspection workflows, identify non-conformances, and ensure products meet stringent industry standards
- Gage – Assess measurement system accuracy and reliability using GR&R analysis for precise data collection.
- DMAIC, DMADV, JDI Project Management – A structured framework to drive process improvements through a five-phase methodology: Define, Measure, Analyze, Improve, and Control
- APQP – Planning – Elevate product quality and project management using our APQP software for a competitive edge.
- Maintenance Work Order System – Create, assign, and manage work orders efficiently, ensuring that maintenance tasks are completed promptly and systematically
- Risk Management – Systematically identify, assess, and address operational risks
- TPM – Total Productive Maintenance – Emphasizes proactive and preventive maintenance to ensure that machines are always in working order
- Predictive Maintenance – Anticipate and prevent equipment failures
- SPC – Monitor process variation in real-time using statistical methods, ensuring consistent quality.
- PFMEA – A centralized platform for proactively identifying potential process failures and assessing their impact on production quality
- QMS – Implement and maintain a comprehensive system for managing quality throughout your organization.
- Quality Manager – Lead quality initiatives and drive continuous improvement efforts across your organization’s processes.
- Cost of Quality – Comprehensive framework that assesses the financial implications of maintaining or improving product quality
- People/Safety
- Work Instructions – Centralize, manage, and standardize work instructions for consistent and efficient process execution.
- Lean Process Training and Quizzes – A specialized platform aimed at training and empowering production teams, engineers, and management to implement and sustain lean methodologies
- Learning Management Training Matrix – Facilitate flexibility and skill diversification among your team members with this matrix for cross-training.
- SOP Standard Operating Proceedures – Centralize and manage Standard Operating Procedures to drive process consistency and employee adherence.
- Help Desk – A dedicated system designed to streamline the management of support requests, technical glitches, or machinery-related queries
- Employee Recognition Manager – Streamlines recognition programs through customizable awards, automated nomination workflows, and real-time recognition feeds
- Roles & Responsibilities Manager – Define, manage, and clarify job roles and responsibilities
- Safety Audit – Identify potential hazards, ensure compliance with safety regulations, and evaluate the effectiveness of existing safety protocols
- Incident Manager – A pivotal tool designed to document, analyze, and address safety-related incidents within the production environment
- Employee Engagement Report – Gathers employee feedback, analyzes, data, and provides insights to identify trends and pinpoint issues affecting morale
- STRATEGY
Drive Intelligent Business Strategy (Learn More)
- Cascading Strategies, Objectives, Key Results (OKRs) – Create cascading strategies & rollups in simple dashboards
- AI-Powered Competitive Analysis – Create an instant competitive analysis using artificial intelligence
- Strategy Development Process – Create a complete business strategy and plan
- AI-Powered SWOT Analysis – Create an instant SWOT using artificial intelligence
- OGSM: Objectives, Goals, Strategies & Measures – Create & manage Objectives, Goals, Strategies & Measures
- AI Powered Vision Statements – Create instant strategic focus for your business or project
- Balanced Scorecard – Create and track scorecards with simple dashboards
- Business Case Development – Build business cases for strategies, products & projects
- Key Performance Indicators (KPI) Dashboard – Manage the most important KPIs for your business
- Strategy Roadmaps – Build short-, mid-, and long-term roadmaps
- Portfolio Management – Build & manage your portfolio of projects & opportunities
- INNOVATION
Drive Intelligent Innovation Management (Learn More)
- Phases & Gates Process – Manage your full innovation process
- AI-Powered Brainstorming – Brainstorm bigger & better ideas with artificial intelligence
- AI-Powered Problem Solving – Create and manage digital software products
- Product & Service Concept Testing – Build & manage your product & service concepts
- Business Case Development – Build business cases for businesses, products & projects
- Product & Service Portfolios – Build & manage your product & service portfolios
- Innovation Culture – Define and drive your innovation culture strategy & projects
- Growth Platforms – Create and track growth platforms to drive innovation
- Innovation Roadmaps – Build short-, mid-, and long-term innovation roadmaps
- Open Innovation – Identify and manage external partner & acquisitions
- CHANGE MANAGEMENT
Drive Intelligent Change Management (Learn More)
- Change Management Process – Manage your full process from charters to stakeholders
- Stakeholder Change Impact Management – Make new page from change impact template page
- Multi Project Change Management – Assess and manage project & program dashboards
- Change Plans & Programs – Create, manage, and rollup change plans and programs
- Coaching Management Process – Build business cases for businesses, products & projects
- RACI Manager – Create, manage, and align stakeholders on RACIs
- Change Project Staffing – Scope, define, and manage change project teams and staffing
- Gap Analysis – Define “from” and “to” states including future-state gaps
- Standard Operating Procedures (SOP) – Build & manage your standard operating procedures
- Change Readiness Assessment – Assess and manage stakeholder readiness & resistance
- User Acceptance Testing – Create and manage user acceptance tests
- PLATFORM
- PARTNERS
- LEARN
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Kotler’s Pricing Strategies Best Practices
Philip Kotler’s Pricing Strategies, also known as the Nine Quality-Pricing Strategy, consists of a matrix of nine pricing options. The goal is the assist companies to position products based on their perceived place in the market relative to the competition. This model relates pricing to the quality delivered.
More about Kotler’s Pricing Strategies
Description of Kotler’s Pricing Strategies
The model takes the form of a nine-box matrix. Along the left side are three levels of product quality, Low, Medium and High. Across the top are three levels of Price, High, Medium and Low.
The most commonly used pricing objectives are outlined below:
- Maximum Profit objective: A Premium strategy(top-left corner) is used for this objective. This is possible when the product has a niche in the market with little to no competition and high demand. There is generally a uniqueness in the product so that it cannot be easily duplicated or it is in short supply. Therefore, achieving a high price for the product is possible.
- Product Quality Leadership objective: This strategy is for High Value products (top-middle), where the product is of high quality and therefore earns its higher price point. Generally, higher quality and more expensive raw materials are used in this scenario.
- Market Survival objective: This objective is also called Penetration Pricing and is used when a new competitor moves into an existing market and is trying to gain market share. The price is lower than the competition and the product is considered a Good Value.
- Maximum Sales Growth objective: This is similar to the Survival Objective, except that when the anticipated market share is gained and the cost of production is decreased, the price is further reduced.
Praxie's Online Kotler’s Pricing Strategies Tools & Templates
Various types of market surveys and customer service interviews can be used to provide insights, data and additional support when using theKotler’s Pricing Strategiesmethod. Get started with our Kotler’s Pricing Strategies template.
How to use it:
- List your products and assign High, Medium, or Low to their Product Quality and Price.
- Based on your assessment, enter the product names in each of the relevant boxes.
- Conduct this assessment for yourself and / or your competition to better understandthe market landscape and define strategies for differentiation & growth.
- Create an action plan focused on creating and implementing your pricing strategies matrix.
Unlike most traditional Kotler’s Pricing Strategies techniques, Praxie’s online Kotler’s Pricing Strategies tools allow any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.
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Business Strategy Best Practices Library includes::
2 X 2 Matrix, ADL Matrix, Baker's 4 Strategies of Influence, Balanced Scorecard, Benchmarking, Bowman Strategy Clock, Build-Measure-Learn Feedback Loop, CAGE Distance Framework, Competitive Analysis, Competitive Landscape Analysis, Contingency Planning, Core Competence Analysis, Critical Success Factors, Discovery Driven Planning, First Mover Advantage, Five Forces Model, Gap Analysis, GE McKinsey 9-Box Matrix, Go To Market Strategy, Hambrick & Frederickson's Strategy Diamond, Hedgehog Model, Hook Model of Behavioral Design, Hoshin Planning System, Kay's Distinctive Capabilities Framework, Key Outcome Indicators, Kotler's Five Product Levels Model, Kotler's Pricing Strategies, Lafley & Martin's Five Step Strategy Model, McKinsey 7S Model, McKinsey's Seven Degrees of Freedom for Growth, Mission Statements, Mullin's Seven Domains Model, Ohmae's 3 Cs Model, PEST Analysis, PESTLE Analysis, Porter's Diamond, Portfolio Management, Purpose Statements, Pyramid of Purpose, Scenario Planning, Simonson & Rosen's Influence Mix, SMART Performance Metrics, SMART(ER) Goals, SOAR, Strategic Goals, Strategy Map, Strategy Roadmap, Strategy Uncertainty Map, SWOT Analysis, TOWS Matrix, Triple Bottom Line, Unique Selling Proposition (USP), Value Disciplines Model, Value Net Model, Values Statement, Vision Statement, VRIO Analysis and Weisbord's Six-Box Model.