FEBRUARY
2001
Engineering Trends:
Feeling the Squeeze?
Stay Focused on Results
by Todd
Yuzuriha
The overall business environment for
technology companies has slowed recently. Youve seen some of the signs the
Nasdaq market deceased more than 30 percent in 2000, and 14 out of the 17 dot-coms that
advertised during last years Super Bowl did not advertise during this years
game. Lucent Technologies is reducing its headcount by about 10,000 workers. Resumes
submitted to Monster.com hit a record 38,000 per day in January.
As businesses slow down, engineers feel the
squeeze. How so? It seems now more than ever that engineers are under more pressure to
work faster and smarter.
To continually put yourself in the best possible
position, you need to stay results-oriented. One of the best approaches is to keep
improving productivity for your organization. Simply speaking, I define productivity as
the ratio of outputs to inputs:
Productivity = Outputs / Inputs
As an engineer, focus on the factors you have
control over to increase outputs and decrease inputs.
Ways to Increase Output
Engineers have direct impact on increasing output
by developing new products, increasing manufacturing capacity, and completing research for
use in future products. New products stimulate growth and can lead to higher gross margin
dollars than current products. Efforts to improve new product time to market can impact
your company significantly.
Increasing manufacturing capacity pertains to
making improvements so that your production facility makes more product with the same
resources. Examples include improving the manufacturing process yield by identifying and
eliminating root cause yield loss factors and identifying methods or equipment to achieve
greater output with very short payback periods.
For those of you in research, make sure your
project has a well-defined plan for implementation into future products or services that
will benefit your organization significantly. Utilize efficiently designed
experiments in your planning so you can reach sound decisions in the least amount of time.
Ways to Decrease Inputs
Decrease inputs by improving efficiency. For
manufacturing, understand the financial cost model of making your product. Identify the
biggest cost factors and work to decrease those costs.
For development, be sure to use company and
personnel experiences so that you can continually learn from previous successes and
failures. Such implementation helps to develop new products efficiently.
Communication is Key
Measure the benefits of your work and report the
results. It doesnt do much good if no one knows about your accomplishments. Develop
a simple, consistently formatted report that quantifies how youve reduced time to
market, increased gross profit margins for particular products, or increased manufacturing
capacity.
By staying results-oriented, you put yourself and
your organization in the best possible position as the business environment slows down.
Todd Yuzuriha is the author of How
to Succeed as an Engineer: A Practical Guide to Enhance Your Career. For more
information, go to www.engineeringsuccess.com |