Once, inventory analysis was little more than a rear-view mirror, cataloguing past mistakes in demand forecasts and inventory planning. Today however, says Matthew Scullion of Matillion, although inventory analysis can still help manufacturers to see where their inventory is, how long it’s been there, and where stockouts are occurring, the modern-day reality of inventory analysis is much more exciting than that.
At this year’s MTA Annual General Meeting (AGM) many of the issues raised focused on the future prospects for the manufacturing technologies sector in the UK. Members of the association strongly supported comments from guest speaker Professor Sir Mike Gregory on sustainability and the manufacturing sector.
More than £36 million is being invested at the MTC near Coventry to create a training centre for "super apprentices" to help bridge the engineering skills gap.