PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: American Small Manufacturers Coalition

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Next Generation Manufacturing Study Reveals Opportunities for U.S. Manufacturers to Excel - A summary of 2013 Next Generation Manufacturing (NGM) Study has been released - SmallManufacturers.org
Next Generation Manufacturing Study Reveals Opportunities for U.S. Manufacturers to Excel

 

NewswireToday - /newswire/ - Washington, DC, United States, 2013/10/04 - A summary of 2013 Next Generation Manufacturing (NGM) Study has been released - SmallManufacturers.org.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The American Small Manufacturers Coalition (ASMC), in conjunction with Manufacturing Day, released a summary of its results from the 2013 Next Generation Manufacturing (NGM) Study. The NGM Study measures manufacturers’ readiness, support systems and resources, and performances in six key strategic areas necessary for world-class manufacturing and future success.

The Manufacturing Performance Institute (MPI), part of The MPI Group, conducted this research based on recent survey responses of manufacturing executives. The current data shows that manufacturing organizations that achieve world-class status in at least two of the NGM strategies and maintain industry-average levels in the other four areas are in the best position for long-term survival.

However, the 2013 data finds that most of these manufacturers successful as they are today aren’t investing in the strategies that will carry their firms into tomorrow.

“The study data identifies an enormous execution gap the difference between the numbers of firms that recognize the importance of a particular NGM strategy, and the number that comes close to or that achieved world-class status in that strategy,” said John Brandt, Founder & CEO of MPI.

In particular, the study found:

• 90% of manufacturers believe superior process improvement is important, whereas only 44% of those manufactures are near or currently at world-class status in process improvements.
• While human capital management is an issue, NGM data suggests few manufacturers are taking initiative to address talent shortage. 69% of manufacturing executives have the leadership and talent to drive world-class customer-focused innovation, but only 37% have talent development programs to support world-class customer-focused innovation.
• Most manufacturers have the tools, technologies and business equipment they need today, but those tools won’t meet the needs of the future. Only 11% of manufacturers describe their tools and business equipment as “state-of-the-art” and capable of providing long term support.
• 33% of manufacturing executives anticipate a planned leadership succession in the next five years, and another 28% of executives indicate a succession may occur.
• Similar to 2011, manufacturers continue to seek external support from outside organizations in dealing with a range of activities from compliance issues, to strategic planning, to supply chain development. Of those manufacturers that have used outside resources they report a positive impact.

“Next Generation Manufacturing teaches us that small and medium sized manufacturers must continue to transform in order to remain competitive,” according to Carrie Hines, ASMC President & CEO. “In order develop world-class manufacturers; it is imperative that nationwide organizations like the Manufacturing Extension Partnership continue to provide customized training and consultation services in these strategic areas.”

The study, conducted in 2009 and 2011, surveyed U.S. manufacturers nationwide.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: American Small Manufacturers Coalition

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Next Generation Manufacturing Study Reveals Opportunities for U.S. Manufacturers to Excel

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Kelly Pearl - SmallManufacturers.org 
785-218-8669 kelly.pearl[.]smallmanufacturers.org
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any American Small Manufacturers Coalition securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From American Small Manufacturers Coalition / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

PPG Initiates Global Restructuring, Targeting $125 Million in Annual Savings
Local Manufacturing Offers Strong Growth Opportunities in the Thriving Nigeria and South Africa Cement Additives Markets Reports Frost & Sullivan
BASF Expands Automotive Refinish Coatings Manufacturing to Asia Pacific
Alstom’s South African JV Gibela Successfully Handed Over to PRASA The First X’Trapolis Mega
Neptune Lines Reduces Fuel Consumption and Emissions with Hempaguard
BASF Launches Ucrete MF40AS Industrial Flooring System on the European Market
Raritan Unveils Intelligent Cabinet Concept in Collaboration with Legrand Data Communications At Gartner Conference
Beretta Continues Global Celebration of its 490th Anniversary with Unveiling of One-of-a-Kind Shotgun in New York City
LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show
Nexans to Drive Sustainable Transportation At its Annual Technical Conference
Tripp Lite Introduces A New Series of Pre-assembled 40 Gb to 10 Gb Breakout Fiber Patch Panels
Borealis and Asmidal Sign Memorandum of Understanding to Jointly Evaluate Opportunities for Melamine Production in Algeria
SCHOTT’s New Ultra-Thin Glass is the Thinnest, Toughest, Most Eco-Friendly Glass for Consumer Electronics
Hexagon Manufacturing Intelligence Supplies PTB with Leitz PMM-G

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)