Food Fortune: Engineer Kim Tran still waits tables.
Great ideas can come from any source and any place. For Baldor, they often come during a weekly lunch at the Diamond Head Chinese Restaurant in Fort Smith, AR. Every Monday, while passing the egg rolls and steamed fish, the company's top executives chew on a PuPu Platter of ideas for new products and different marketing strategies. The latest idea: rebates to end users and distributors who buy Baldor's Premium Efficiency Motors in sizes of 20 hp and above. The rebates are in the form of $1.00 per horsepower. Marketing Vice President Randy Breaux hopes the program will bring about a 10-15% increase in sales of the motors and drives. But it's not just ideas cooking at the Diamond Head. Recently, as the Baldor group assembled at their usual table, the waitress asked them what they wanted and Chairman Rollie Boreham said, "an electrical engineer." To which, the waitress responded, "Great, I'm one." Not long after, she became a Baldor employee. But she didn't give up her waitressing. She's married to the restaurant's owner, so every day at noon, she is back at the Diamond Head taking lunch orders for an hour before resuming her engineering work at Baldor's Drive Center.
Wal-Mart will hold its second Made in the USA Open Call July 7-8, at its headquarters in Bentonville, Ark. The event will be a repeat effort by the world’s biggest seller of consumer goods to increase the amount of US-made products it sells in Wal-Mart stores, in Sam’s Club members-only wholesale outlets, and on walmart.com.
From design feasibility, to development, to production, having the right information to make good decisions can ultimately keep a product from failing validation. The key is highly focused information that doesn’t come from conventional, statistics-based tests but from accelerated stress testing.
There’s a good chance that a few of the things mentioned here won't fully come to fruition in 2015 but rather much later down the line. However, as Malcolm X once said, "The future belongs to those who prepare for it today."
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