Manufacturing Optimization Initiatives eBook
Late Economic Cycle Preparations
Win share in a downturn
Now is the time for US manufacturers to make changes to improve their manufacturing businesses before any downturn. Authored by manufacturing experts and TechCXO Partners Brendan Cooper and Marty Parker, manufacturers can follow these straightforward guidelines to gain share and optimize their businesses. You'll learn:
- How to win in an atmosphere of falling prices and uneven demand
- How to identify the best initiatives to improve margins through volume, price or reduced costs
- The eight (8) areas of focus for operational excellence
US manufacturing businesses have been enjoying a long, steadily growing economic cycle since 2009. It is now late in the cycle and there will eventually be an economic downturn. While the timing and severity remain unknown, the pending negative effects of a downturn on US-based manufacturing businesses are well established.
Now is the time for US manufacturers to make changes to improve their manufacturing businesses before any downturn.
Ideally, every business should be making steady continuous improvement in performance throughout the economic cycle which will assist them in thriving in the long term. Not all businesses do that.
Certain types of manufacturer improvement initiatives are more appropriate in the late business cycle. This paper highlights several late economic cycle optimization initiatives that could help manufacturers become more downturn ready and asks some key questions around those initiatives.