At a dinner in late May hosted by Yorkshire Bank and The Manufacturer, directors of several manufacturing companies based in the north-west talked to Yorkshire Bank representatives about the events that caused the recession, current economic indicators, pension deficits, relationship banking, global competition, regulation and other issues affecting manufacturers today. Tom Vosa, chief economist at National Australia Bank (Yorkshire Bank) provides an economic overview of the last 12 months and a glimpse of what the future may hold.
Many manufacturers will be aware of the Carbon Reduction Commitment (CRC) legislation that comes into effect in April 2010. But exactly how it works, who is eligible, who is exempt and how it will affect manufacturers is hidden in the detail. Dennis Frize gets to the nub of the issue.
A big issue for manufacturers’ IT is the efficient integration of different IT systems. One of the battlegrounds for enterprise resource planning software is between traditional legacy ERP solutions and more modern enterprise applications, where there is a tradeoff between cost, functionality and suitability to the business. Adam Prince, senior director of product marketing at Epicor, makes the case for a modern ERP system.
Lean and six sigma are not mutually exclusive business improvement strategies, rather the efficacy of one is reliant on implementing the other, says Joe Goasdoué, CEO of the British Quality Foundation. A recent survey by YouGov provides evidence that a combined Lean Six Sigma strategy is highly effective.