To drive efficiency and growth in the manufacturing industry, it’s essential to embrace technological innovation.
Manufacturing in the UK is currently enjoying a renaissance, fuelled by investments in process and product innovation, and productivity has grown two and a half times more than the UK economy as a whole. But even with strong innovation and positive growth, we know you still face other challenges.
We work closely with businesses in the manufacturing sector and with industry champions like EEF, to understand how we can help businesses like yours gain that competitive edge. Our solutions will enable you to invest smarter and achieve maximum returns while still delivering a positive experience for your employees and your customers.
Tackling manufacturing challenges
Delivering operational efficiency
When producing goods, it’s essential that every link in the supply chain works efficiently and effectively. You need to be confident that you’ve considered all areas of potential operational efficiency, as even slight variations in output can have a knock-on effect impacting quality, margin, price, speed to market, business reputation or the safety of workers.
Creating new products and services
The volume of information we can now access about the goods we manufacture is growing exponentially. If collected and analysed correctly, data can be valuable to every part of your business and to your customers. With this ‘data monetisation’, you could create new routes to market for your business, drive customer loyalty and support long-term growth.
Reaping the rewards of automation
Manufacturing is the third-largest industry to utilise the Internet of Things (IoT) in the UK,, and this is expected to increase in the next few years. Benefiting everything from the production line to when products are delivered to – and consumed by – end users, automation can help you better deploy your workforce and grow your product value.
Delivering an outcome-based economy
The rapid growth in technology has led to a shift from selling products and services to selling ‘outcomes’ – enriched products that include services which can enhance how they’re used, grow brand loyalty and create new routes to market. But for businesses considering this approach, you need to ensure your business can support the move to an outcome-based model.
Attracting and retaining the right talent
With the implementation of newer technologies, it’s vital to have access to the right STEM (science, technology, engineering and mathematics) skills in your business. Your working environment – both physical and cultural – will greatly influence how you acquire and grow skilled resources through apprenticeships, external recruitment and internal development.