Manufacturing - Now is a critical time for American small manufacturers
By Rachel Leisemann Immel, February 23, 2012
Next Generation Manufacturing
According to the 2011 Next Generation Manufacturing Study, now is a critical time for American small manufacturers. The economic downturn has been difficult, especially for small manufacturers, who may struggle to keep pace with larger competition on a global playing field. Small manufacturers (less than $10 million in revenues) need to assess whether they have the strategies in place to capture competitive advantages, and the ability to put those strategies into practice to be successful in a global marketplace.
The 2011 Next Generation Manufacturing Study (NGM) provides small manufacturers a path to follow to achieve success in the next generation, offering strategies to surpass the competition, best practices to support those strategies, and performance goals to measure their progress.
“The results of the study reinforce how critical it is for U.S. leaders to put, and keep in place, existing support resources for small manufacturers as they assess whether they have the work force, business systems, equipment, and strategies in place to successfully compete in the future,” says Carrie Hines, Executive Director of ASMC. “Small businesses that don’t have deep pockets like some larger corporations can really benefit from added resources that help them compete in today’s economy.”
Continue reading the article Next Generation Manufacturing
Or flip to Current Edition of the Weekly Plant Manager Monitor