Planning New Products at MISUMI
Our commitment to your "VOICE."
Every year, the new Misumi Mechanical Components catalog contains 300 more pages
than the previous one. This is a result of our product managers' commitment to developing
new products to help make you more efficient and productive. And it is all based
on your "voice".
Most companies strategize on what products they should bring to market, starting
from their manufacturing capabilities, or what new technologies are being internally
developed. Misumi never starts the planning of a new product with a supplier, internal
engineers, or management -- Misumi focuses on what our customers have told us they
need.
Many of the examples in our catalog are based on drawings of implementations by
our customers.
Around this time of year, each and every one of our product managers visit anywhere
from 50 to over 100 customers. Visits are not made to solicit sales. Instead the
product managers talk to our customers about how we can better serve them. After
these visits, our product managers come back with a vast database, or a mountain
of notes, on what our customers' design engineers said they needed.
Many of the customers in Japan have already learned that they can source much of
the components without a machine shop, for less cost and time from Misumi. They
know that Misumi can produce almost any kind of shape, size, or material. Now, they've
become accustomed to telling us what they need. So we listen carefully. Our customers
want Misumi to make more products that will shorten the time they need to spend
on drawings or machining. Everything that our customers currently machine themselves,
is a potential new product for the next catalog, unless, it is already in the current
one.
In order to keep our prices low, we plan products that will be ordered in small
quantities from each customer, but provide enough worldwide volume for us to manufacture
efficiently. So, a product manager must be confident that the new product will fulfill
the needs of multiple customers. In order to accomplish this, every product manager
will visit about 100 customers in just a few months. In addition to visits, the
technical support and customer support phones are often manned by product managers.
Most companies would consider having a product manager spending his day answering
customer service calls to be very costly and inefficient. But at Misumi, it is the
best way for us to really understand what our customers are asking for.
In many excellent companies, the customer's voice is relayed to the planning department
or upper management as necessary. But at Misumi, the customer's voice is handled
directly, firsthand.