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| ▲ | arjie 7 hours ago | parent | next [-] |
| Fortunately, one can supply LinkedIn grade insights that fit any facts. For instance, try this one: ASML understands what most big companies don’t: if you hit all your targets you weren’t setting yourself tough enough targets. There we go. |
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| ▲ | Slartie 7 hours ago | parent | prev | next [-] |
| Which is mostly the result of clever engineers that produced a machine no other company in the world can assemble, but that is absolutely crucial to businesses valued at double-digit trillions of dollars. You don't really need an army of sales managers to sell such a product. Going lean on management and more heavy on engineering is therefore a good idea if you want to keep the lead you have. |
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| ▲ | Cthulhu_ 5 hours ago | parent [-] | | No, but ASML's product is so complicated that they do need a lot more than just engineers - they have 5000 suppliers apparently, coordinating that takes a lot more than clever engineers. | | |
| ▲ | Slartie 18 minutes ago | parent [-] | | Clever engineers are usually able to pick up basic supply chain management capabilities. At least as long as it's about suppliers of things in their technical domain. For non-technical supply chain managers to pick up enough technical chops to understand the stuff they are supposed to manage the supply chain of is comparatively more difficult. Especially when fierce negotiations to push the price down are not the highest priority, but robustness of supply chains, having alternative options that technically work, and ensuring quality according to tight specs are paramount. Which is how I assume ASML supply chain management to work. |
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| ▲ | lan321 4 hours ago | parent | prev [-] |
| This is entirely unrelated to ASML, but: This reminds me of a company I worked for recently, that, at the yearly meeting talking about the financial situation were all depressed as if we were broke since the profit (and revenue) was slightly less than last year, which was significantly higher than any other year in history with the year prior also being a record. This was essentially when the interest rates jumped after covid and businesses had to adapt so I'm sure it would have been another record if the economy in general wasn't doing worse that year. Of course, they want to keep people from asking for raises and bonuses, but I found it very weird to see them act worried with the profit/revenue graphs at a crazy peak still. |
