Gaps in Manufacturing Performance

We previously posted about the performance of, predominantly Queensland, manufacturers between
2004 and 2013. The data we gathered revealed two significant trends. First, manufacturing performance increased by 1% over the ten year period, which we believe to be a positive sign, and our further studies also reveal that this performance was steady with nominal growth over a period which contained the Global Financial Crisis and significant natural disasters.

We have now released part two of our studies that look at the last ten years of manufacturing and have found some interesting key findings:

• To increase performance,manufacturers first look to plant and equipment and to engage employees in this effort
• When the environment changes,manufacturers are motivated to realign their strategy accordingly
• Investment to support this change is focused on technology
• Cycle times and people development are the most affected when significant change impacts

To get a better understanding of our findings and to read the full report please click here to read more: http://qmisolutions.com.au/a-decade-of-manufacturing-performance-analysed-part-2/

What is the future for manufacturing in Queensland?

A decade of manufacturing performance analysed

The manufacturing industry in Australia has been subjected to significant competitive pressures over the last decade that has left many questioning the viability of the industry in this country. 

The short response to these questioners is that manufacturing undoubtedly has a role in the Australian economy as a key generator of R&D, as an essential enabler for other ‘headline’ industries and a has a compelling multiplier effect in terms of jobs, expertise and boosting local economies. 

But how does the manufacturing industry redefine itself to ensure its relevance and visibility within a future economic environment?

QMI Solutions has been gathering data since 2004 and has been qualitatively measuring the performance of manufacturers in Queensland and specifically that performance as it is driven by best practice

There are some very interesting findings that have emerged from the data that show that the overall trend for manufacturing performance, driven by best practice implementation, has shown a slight improvement from 61.9pts to 62.5 between 2004 and 2013 – this is an approximate 1% improvement from the 2004 figure.

To learn more about the findings and what this means for the future of manufacturing in Queensland read the entire report here:

http://qmisolutions.com.au/decade-manufacturing-performance-analysed/

We would be very interested to hear feedback regarding our findings and any views other might have on this.

K