Logo Top Home  About the Institution of Operations Management  Contact Us  Shopping Basket  Member Login  Forum 
Institute of Operations Management
Membership Education and Training Events Learning Resources Journal and News Members Only
 
Search Options
Click here to Search the Website
Join the IOM Today
Find us on LinkedIn
Read about APICS
Operations Management News RSS feed Why not subscribe to our RSS feed of IOM News?

Manufacturing "critical" for economic growth

9 March 2010
Add to: Digg Add to: Del.icio.us Add to: Facebook Add to: Furl Add to: Google Add to: Live Spaces Add to: MySpace Add to: StumbleUpon Add to: Twitter
Manufacturing The manufacturing sector in Britain is "critical" to ensuring that the economy recovers from the downturn, one expert has declared.

According to head of programmes at the Manufacturing Institute Adam Buckley, the latest purchasing managers'' index (PMI) is "encouraging" and highlights the important role played by production, "particularly in improving the balance of trade through export".

He praised government efforts to provide support to manufacturers and stated he hoped this approach would be continued by whichever party wins the forthcoming general election.

However, Mr Buckley also noted that firms in the construction and automotive sectors "are still struggling", something that may prompt those involved in operations management to seek new ways of improving manufacturing processes.

Foreign exports from Britain have been boosted by the relative weakness of sterling compared with other currencies and the most recently released PMI revealed that the UK''s manufacturing industry witnessed its strongest growth in 15 years this February.ADNFCR-3058-ID-19658238-ADNFCR
Bookmark this Article Link to this Article Subscribe to the IOM Newsletter Send this Article to a Friend/Colleague

Related News

UK manufacturing activity reaches 8-month high
3 February 2012
Manufacturing activity in the UK climbed in January 2012, with new orders rising for the first time in seven months.
Manufacturing expert highlights benefits of lean strategies
2 February 2012
Adopting lean manufacturing techniques can assist business in boosting performance in a range of different ways, a specialist claims.
Economic uncertainty ''affecting global electronic contract market''
30 January 2012
Electronics contract manufacturing businesses have been hit by ongoing economic uncertainty around the world.
Turbulence in Europe ''holding back production''
27 January 2012
Manufacturing is being held back in Europe by economic uncertainty.

Link To This Article

Copy and Paste the following HTML into your page.
 
The Institute of Operations Management, CILT(UK), Earlstrees Court, Earlstrees Road, Corby, Northants NN17 4AX.
Tel: 01536 740105. Fax: 01536 740101. Email: info@iomnet.org.uk
    © 2012, The Institute of Operations Management.     Help |  Site Map |  Legal Disclaimer |  Privacy Policy Designed By ZARR