The government has announced a new wave of funding to encourage the adoption of digital manufacturing technologies. Consortia of manufacturers are being invited to submit R&D projects, as part of the Made Smarter Challenge.
Each month, The Manufacturer explores a section of the latest Annual Manufacturing Report, which gauges the mood of leadership teams on issues such as Skills & Training, Government Policy & Industrial Strategy, and Finance & Investment. This month, we look at Growth & Exports.
There has been an increased emphasis on digitalisation within manufacturing. While some may see this as a means of reducing cost, Simon-Kucher believe the bigger profit opportunities will come from focusing on the topline (revenue side of the profit equation).
Pricing is a business’s strongest profit lever. Unfortunately, it is often the most neglected and when poorly managed it erodes margins very quickly. So, how does a finance leader ensure that their company manages pricing as professionally as they manage costs?
The role of the industrial Finance Director has changed in response to a once-in-a-generation transformation of process and systems. Some businesses have recognised this and acted accordingly. Many haven’t, and the clock is ticking.