How Do You Forecast the Future of Your Manufacturing Business?

What factors should you consider when forecasting? What questions do you need to ask to determine your next steps? Who gets to make those decisions? We walk you through some common questions to ask yourself—and your company—about your business. We’ll also cover Miles and Snow's Typology of Defender, Prospector, Analyzer, and Reactor to see how your type impacts your decision-making process. Learn a great process to forecast and set goals in this episode of Making Chips! Now is the time to look ahead! BAM! – Nick If you have a great methodology for forecasting, let us know! Shoot us an email at info@MakingChips.com!  Segments [0:32] Check out ProShop ERP for manufacturing software! [3:16] How future proof is your business? [5:25] What we’re happy about right now [9:34] Discovering the Keys to U.S. Manufacturing Recovery [14:23] What factors should you consider when forecasting? [17:47] Accelerate your digital transformation with Xometry [21:39] The Miles and Snow's Typology of Defender, Prospector, Analyzer, and Reactor [24:56] Who makes the forecast in your company?  Resources mentioned on this episode Get The Boring Bar Newsletter - Text CHIPS to 38470 to subscribe! Discovering the Keys to U.S. Manufacturing Recovery Miles and Snow's Typology of Defender, Prospector, Analyzer, and Reactor BOOK: Humanocrisy Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube

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Manufacturing is challenging, but if you are connected to a community of leaders, you can elevate your skills, solve your problems and grow your business! MakingChips was launched in 2014 to equip and inspire the metalworking nation. Hundreds of episodes and a million downloads later, it’s an industry-leading source of information, inspiration, and entertainment for manufacturing leaders of all types. It’s hosted by Nick Goellner, Mike Payne, and Paul Van Metre. They’re joined by a rotating panel of expert guests – including Titan Gilroy (TITANS of CNC), John Saunders (NYC CNC), Mark TerryBerry (Haas Automation), and many more. Join us as we tackle the topics that keep you up at night - leadership, operations, technology, growth, workforce development and culture.