Industrial manufacturing and engineering companies have historically invested in the ownership of expensive assets and resources; a concept that has proved superfluous by the advancement of the sharing economy. Ownership therefore only makes sense if you can utilise the value of your assets and resources efficiently for high proportions of available time. This is particularly evident in a jobbing shop or general engineering environment, where small infrequent batches are normal, leaving equipment and people underutilised for extended periods of time.
If we look at this from the client’s perspective they don’t obtain value from a supplier’s efficiency or utilisation of assets, they only see the value in the product the assets produce. Where possible we should therefore aim to minimise the cost of the production process, utilising a best fit mentality to select assets and services that meet the client’s unique requirements. Which, when you are not limited by choice, opens the potential of the sharing economy.
Tivity Solutions is therefore founded with the aim to add value to clients by minimising the cost of production through shared resources to achieve a best fit solution. We remove the constraints imposed by the ownership of expensive assets and resources to offer real choice. This provides our clients access to the benefits of specialisation in the sharing economy from a network of global suppliers.