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In this episode we discuss "The Fabricator" article by Caleb Chamberlain, "The Economics of Speed in Metal Fabrication which examines a fabrication company that transformed its business model by prioritizing speed, moving from charging rush fees to offering faster default production times. By investing in technology, scaling efficiently, and challenging their own profitable practices, they discovered that faster service can attract more customers and potentially reshape the manufacturing industry's approach to lead times.
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In this episode we discuss "The Fabricator" article by Caleb Chamberlain, "The Economics of Speed in Metal Fabrication which examines a fabrication company that transformed its business model by prioritizing speed, moving from charging rush fees to offering faster default production times. By investing in technology, scaling efficiently, and challenging their own profitable practices, they discovered that faster service can attract more customers and potentially reshape the manufacturing industry's approach to lead times.