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Business Tips

How to Innovate Without Blowing Your R&D Budget

In 1998, Steve Jobs told Fortune, “Innovation has nothing to do with how many R&D dollars you have.” Jobs believed that throwing money at a problem should not be the answer. Creativity and genuine genius should win out. And whether you’re a pharmaceutical and software company with a large budget for research and development or a custom manufacturer with considerably less, a budget is still a budget.

So here are a few tips to help you spearhead innovation without blowing your R&D budget.

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Business Tips

What Is Business Process Management: For Industrial Companies

Industrial processes have to be precise. Any error, from a disrupted link in a supply chain to a faulty step in the manufacturing process, could significantly drop the quality of your delivered goods or service. 

With a highly competitive environment, mistakes are intolerable. 

Mistakes and errors are rife when your industrial business does not have a set of documented steps for every business operation. This is where business process management comes in. 

In this blog, we will explore what business process management is, and how it can be used to reduce errors in all of your business procedures. This includes procedures such as using Thomasnet.com to source suppliers, to the factory floor operations, right through to the end of your supply chain with product/service delivery and marketing. 

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News Highlight

New Suppliers on Thomasnet.com for October 2019

At Thomas, we see the landscape of industry changing across North America, with new companies popping up all across the United States and Canada. Every month, our 20+ supplier content team of experts continually adds information on new and changing companies to our database of 500,000+ detailed profiles of North American suppliers to help you easily find the suppliers you need. This is in addition to our database of free CAD files, whitepapers, industrial ebooks and guides, such as our information on the top suppliers of each field. In this peek behind the curtain at Thomas, we've gathered together information on some of the most interesting new suppliers across the Thomasnet.com platform who have been added over the last month. 

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News Highlight

New and Noteworthy Categories on Thomasnet.com for October 2019

For the past 120 years, we at Thomas have been helping industry in North America grow. And we grow along with industry. Our expert taxonomy team identifies industry trends and the needs of buyers like you to add new sourcing categories every month to our growing collection of over 70,000 products and services. If you're interested in a peek behind the scenes of how Thomasnet works, we've got the rundown on 14 of our newest and most interesting categories, from soft robotics to biogas. 

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News Highlight

Top 10 Veteran-Owned Suppliers on Thomasnet.com

Are you looking for more veteran-owned businesses to add to your supply chain? If you are, you're not alone. With detailed information on over 6,300 veteran-owned businesses across our platform of North American suppliers, we see a lot of traffic going to these businesses behind the scenes. We've already covered the list of the top suppliers across all of our 70,000+ categories, but for this post, we're focusing in on the 10 most popular veteran-owned suppliers from across Thomasnet.com, as measured by engagement metrics over the past month. 

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