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Manufacturing ''moves towards value-added models''

29 March 2010
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Manufacturing ''moves towards value-added models''The UK''s manufacturing industry has gradually shifted towards "value-added business models" and away from "simply optimising utilisation and driving down costs", a new report has suggested.

According to research carried out by Cranfield School of Management, operations management processes are now emphasising "quality, delivery, innovation and service".

The study, conducted in conjunction with Barclays Corporate and Findlay Media, examined winners of Best Factory Awards over two decades and discovered a dramatic change in production over the past 20 years.

Organisations found to be the best in manufacturing were identified as using inventory control techniques, investing in new technology, developing sales and operation planning infrastructures and adopting lean production practices.

"What has become clear year after year is that manufacturing is not standing still, it''s continually changing, adapting and growing," Dr Marek Szwejczewski of Cranfield School of Management remarked.

New awards honouring manufacturing clusters, which promote best practice among companies in specific regions, were recently presented in London by business minister Ian Lucas.ADNFCR-3058-ID-19693407-ADNFCR
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