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Solution-Chain Manufacturing^sup SM^ helps companies achieve strategic and financial goals

Publication: Industry Week
Date: Wednesday, February 1 2006

HEADNOTE

Executive Insights

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 Consumers 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:

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