Developing and growing a viable manufacturing business hinges on a range of variables, from investment capital to market logistics. However, one element that is sometimes overlooked is networking, and there are assorted agencies and organizations that offer advice and support for your specific manufacturing enterprise.
Bold innovation in the name of sustainability “can improve competitiveness, grow revenues, and better address changing customer needs,” according to a new study produced by the triumvirate of Accenture, Business In The Community, and noted British retailer Marks & Spencer. ”UK businesses have the opportunity to unlock around £100 billion ($156 billion) a year in value from new innovation opportunities that address social and environmental challenges,” the report asserts.
“By designing higher quality sustainable products, adapting the way of doing business, innovating in supply chains and engaging communities, business can better meet customer needs simultaneously creating value as well as environmental and social benefit,” the authors suggest. Read more
The capital-intensive nature of manufacturing makes enterprise asset management (EAM) a critical competency for industrial businesses. Fortunately there are tools that can help manufacturers maximize the return on investment they receive from their physical assets, real estate and related infrastructure. Read more