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Solution-Chain^sup SM^ manufacturing links strategic and financial goals

By Anonymous
Publication: Industry Week
Date: Saturday, April 1 2006

Today's global economy demands that manufacturers be more competitive than ever, especially mid-cap manufacturers who struggle to grow, thrive and even survive. "Over the last decade, U.S. manufacturers have recognized the need for continuous improvement and have taken dramatic action to focus on

operational efficiency," says Jim Maurer, National Managing Partner of Grant Thornton LLP's Consumer & Industrial Products Practice, the accounting, tax and business advisory services firm.

Yet, Maurer adds,"Despite mid-cap manufacturers' improvement strategies and increases in production metrics, market share and profits are still declining - with no end in sight."

The marketplace requires companies to excel at all facets of manufacturing, not only at making products. As a result, manufacturers must offer complete solutions to customers that seamlessly integrate products and services; a value proposition that requires a series of competencies throughout the organization, including:

In addition, make sure to read these articles:

Understanding Financial Statements
Host Hattie Bryant of Small Business School interviews Jim Schell of Opportunity Knocks, a consulting company based in Bend Oregon; Nani Waddoups of R. Wagner Arts, a custom interior finishing company based in Portland, Oregon.