Sunday, October 3, 2010

Save Money By Buying Surplus Bearings

With the economy in the current state that its in, were all looking for ways to make our dollars stretch farther. If youre in the business of repairing transmissions, buying surplus transmissions is an excellent way to lower your overhead costs, and thereby increase your profit margin.

Most business people are aware that lowering your overhead is the very best way to increase your profits. This is because you lower the price for your parts, and you at that point, can choose to either pass that savings on to your customers, or you can keep your prices the same, and then make more money.

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But just how do you go about buying parts like transmission bearings in surplus? This is the thing that most people arent aware of or wont tell you. You can actually save a lot of money by buying from parts manufacturers, than from buying from auto parts suppliers. Because youre buying them from the manufacturer, they will sell their surplus, or parts that are left in their inventory at a discounted rate. This is great because if you can buy the bearings in bulk, you can save quite a bit of money as opposed to going to your local parts supplier and buying the same number. This is because by the time that the parts have reached this link in the chain, theyve been through several hands. Each one of these middlemen, or the stages in the manufacturing chain, wants to make sure that they get their share of the profit from the sale of the bearing. Because the auto parts supplier is the last link in the chain, their cost is the highest. So they wont be as flexible as the manufacturer when it comes to the lowest price that they can make a profit on, youll be paying full price.

The best way to purchase surplus from a manufacturer is to contact their sales department. There, you will find out just how much they are willing to sell the bearings to you for. Of course, you will have to figure in for things like freight or shipping, and adding these things into the cost of purchase, you may find that the price is less or more than what you usually spend. Youd be hard pressed to find that youre spending more, even with shipping for bearings from the manufacturer than for the same parts from an auto parts supply store.

Buying surplus bearings from a part manufacturer gives you another advantage, you can buy enough bearings to last as long as you need, and your savings will be even better. This works great for transmission repair shops, because their volume of services performed are transmissions, so youll need a lot of bearings. Its also an excellent possibly that the more parts you order at once, the more of a discount they will be willing to give you. So you can only imagine how much of a savings you can have by buying surplus bearings from the manufacturer than from an auto parts supply store.

Our Services- Metal Bearing Exporter, Bearing Exporter India, Roller Bearings Exporter, UC Bearing Manufacturer

Sunday, August 8, 2010

Market Research - A Beginners Guide

Background to Market Research
Market Research is a systematic, objective collection and analysis of data about a particular target market, competition, and/or environment. It always incorporates some form of data collection whether it be secondary research (often referred to as desk research) or primary research which is collected direct from a respondent.

The purpose of any market research project is to achieve an increased understanding of the subject matter. With markets throughout the world becoming increasingly more competitive, market research is now on the agenda of many organisations, whether they be large or small.

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The Market Research Process
To conduct market research, organisations may decide to undertake the project themselves (some through a marketing research department) or they might choose to commission it via a market research agency or consultancy. Whichever, before undertaking any research project, it is crucial to define the research objectives i.e. what are you trying to achieve from the research? and what do you need to know?

After considering the objectives, Market Researchers can utilise many types of research techniques and methodologies to capture the data that they require. All of the available methodologies either collect quantitative or qualitative information. The use of each very much depends on the research objectives but many believe that results are most useful when the two methods are combined.

Quantitative Research
Quantitative research is numerically oriented, requires significant attention to the measurement of market phenomena and often involves statistical analysis. For example, a bank might ask its customers to rate its overall service as either excellent, good, poor or very poor. This will provide quantitative information that can be analysed statistically. The main rule with quantitative research is that every respondent is asked the same series of questions. The approach is very structured and normally involves large numbers of interviews/questionnaires.

Perhaps the most common quantitative technique is the 'market research survey'. These are basically projects that involve the collection of data from multiple cases - such as consumers or a set of products. Quantitative surveys can be conducted by using post (self-completion), face-to-face (in-street or in-home), telephone, email or web techniques. The questionnaire is one of the more common tools for collecting data from a survey, but it is only one of a wide ranging set of data collection aids.

Qualitative Research
Qualitative research provides an understanding of how or why things are as they are. For example, a Market Researcher may stop a consumer who has purchased a particular type of bread and ask him or her why that type of bread was chosen. Unlike quantitative research there are no fixed set of questions but, instead, a topic guide (or discussion guide) is used to explore various issues in-depth. The discussion between the interviewer (or moderator) and the respondent is largely determined by the respondents' own thoughts and feelings.

As with quantitative techniques, there are also various types of qualitative methodologies. Research of this sort is mostly done face-to-face. One of the best-known techniques is market research group discussions (or focus groups). These are usually made up of 6 to 8 targeted respondents, a research moderator whose role is to ask the required questions, draw out answers, and encourage discussion, and an observation area usually behind one way mirrors, and video and/or audio taping facilities.

In addition, qualitative research can also be conducted on a 'one on one' basis i.e. an in-depth interview with a trained executive interviewer and one respondent, a paired depth (two respondents), a triad (three respondents) and a mini group discussion (4-5 respondents).

Using Market Research Data
After compiling the data, Market Researchers evaluate it and make conclusions and recommendations to their client or employer based upon their findings. They provide an organisation's management with information needed to make decisions on the promotion, distribution, design, and pricing of products or services - information that meets the initial research objectives.

Resource- Market Research Services India, Indian Market Research Consultancy firm, Market Research Company Delhi

Monday, March 15, 2010

ARB deals with Bearing demand in the World

Bearing demand in theWorld(including plain bearings) is projected to expand 3.0 percent per year through 2013 to $10.6 billion. The primary factors supporting advances will be a rebound in motor vehicle production levels and continued, albeit moderating, growth in aerospace equipment and machinery shipments. In addition, as the wind energy market continues to grow, suppliers will benefit from sales of high-value, large diameter wind turbine bearings. Market gains will be dampened by a deceleration in overall durable goods output asWorldcompanies continue to move manufacturing operations to offshore areas where labor costs are lower. Significant increases in average bearing life, attributable to the use of improved product designs, betterquality materials and better lubricants, will also restrain growth in aftermarket sales. However, a shift in the product mix toward more expensive, better performing products will provide a counterbalance, supported in part by high energy prices that will make highly efficient bearings a more attractive investment.

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Improved quaiity, performance to boost shipments
Shipments of bearings from Worldplants are expected to expand 2.8 percent annually through 2013 to $10.0 billion, approximating domestic demand increases. Industry output will be stimulated by growth in several key domestic bearingusing industries and by rising demand in a number of export markets. Further investment inWorldbearing plants by foreign firms will contribute to production gains as well.Worldbearing manufacturers’ ongoing efforts to improve the quality and performance of their products, and to increase the efficiency of their operations, will also help spur output growth, as will a trend from selling simple components to selling more advanced, higher value added systems that incorporate bearings and associated components. However, foreign suppliers are also improving the quality of their goods, and World-based bearing companies are expected to make additional investments in overseas manufacturing facilities, limiting advances in domestic industry production.

Roller bearings to post strongest market gains
The strongest market gains through 2013 will be posted by roller bearings, benefitting from renewed strength inWorldproduction of motor vehicles and from sales of advanced, high-value products for applications such as wind turbines and heavy machinery. Demand for mounted bearings and bearing parts will also outperform bearing demand overall. Sales of bearing parts will be driven by increases in the number of bearingcontaining products (aircraft, automobiles, industrial equipment, etc.) in use and by demand for the improved performance associated with more advanced parts. Mounted bearing demand increases will be spurred by original equipment manufacturers’ (OEM) desire to simplify their production process and reduce future maintenance requirements.

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