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Discrete manufacturers ''reducing costs post-downturn''

14 July 2010
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Discrete manufacturers ''reducing costs post-downturn''A growing number of producers are focusing their efforts on boosting development and reducing costs following the global economic downturn.

This is the view expressed in a new report on discrete manufacturing, carried out by IDC Manufacturing Insights, which noted that this is particularly the case in western Europe and North America.

According to the study, the market is becoming increasingly complex, something that is viewed as a challenge by company leaders, with 52.8 per cent reporting their operations to be more complicated now than five years ago.

"Overall a lack of skills, business agility and access to accurate and timely information pose greatest barriers to achieving operational excellence," it concluded.

The research was sponsored by Infor and IBM and surveyed 722 senior executives in the industry, finding that leading concerns include driving down costs in order to ensure profitability of businesses, with innovation and new product development found to be particularly important in China and Japan.

Professionals concerned with improving manufacturing processes and demand planning may also be interested in recent figures showing the UK production industry witnessed a slowdown in its rate of expansion during June, as foreign demand for items eased.ADNFCR-3058-ID-19889046-ADNFCR
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