Knowing when and how to retire a product is as important to maximising profits as know when to introduce new offerings says Keith Nichols, principal at industry technology analyst Cambashi.
Keith Nichols, principal, Cambashi
With the introduction of new techniques, lean processes and investments in advanced IT software, most manufacturers are now able to repeatedly deliver new developments to market more cheaply and quickly than before. Once these products have been launched, companies are now highly skilled at ramping up their…