A study done by Indiana's Manufacturing Extension Partnership, a part of Purdue University's Technical Assistance Program, and the American Small Manufacturers Coalition, solidifies the industry's focus into six strategies that point them in the direction of success:
1) Customer-focused innovation
2) A system for recruiting, developing and retaining talented employees
3) Annual productivity and quality gains that exceed competition
4) Supply-chain management and collaboration
5) Sustainability
6) Global engagement
Nearly 60 percent of manufacturers agree that sustainability is gaining importance in the manufacturing industry. This could be seen as greener products, reduced energy consumption or the reuse of materials.
Can your company benefit from utilizing these strategies?
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