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News Release from: The Manufacturing Institute
Edited by the Manufacturingtalk Editorial
Team on 23 September 2005
In search of new growth and
profitability
Manufacturing multinationals in search of new growth and profitability are making investment decisions today that will drive the success or failure of their global operations for years to come.
However, Peter Koudal, director of global manufacturing with Deloitte Research, will be telling a major manufacturing conference in Manchester next month that many of these decisions could be the wrong ones - leading to improvements being made without regard to the overall objective, with wasted efforts and lacklustre performance as the result The two-day October conference is being organised by The Manufacturing Institute as the UK's only dedicated regional supply chain conference and forum for supply chain, manufacturing and operations professionals
This article was originally published on Manufacturingtalk on 28 Jul 2003 at 8.00am (UK)
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Mr Koudal's warning to multinationals is to take a holistic approach to the complex network of suppliers, production and RandD facilities, distribution centres, sales subsidiaries, partners and customers - as well as the flow of goods, services, information and finance that link them.
"Our research across more than 800 manufacturing companies worldwide participating in the Deloitte Global Benchmark Survey suggests that while many have experienced incredible success from their globalisation efforts, many more are struggling to capture the real value of their global networks," he said.
"The resulting operations often become increasingly difficult to manage and rather than taking a holistic view in the design and expansion of their global business, most manufacturers focus on just fixing individual pieces of their network.
"Companies need to look beyond the traditional focus on optimising logistics to include also global optimisation support for major investment decisions in new product launches, new sources of supply, and new market entry and expansion.
They need a framework to continuously optimise their global networks." Mr Koudal will be joining other speakers at the conference including John McFadzean, head of the UN Industrial Development Organisation, and experts from companies including BAE Systems, Bentley Motors, Hewlett Packard, Heinz, IBM, Airbus, Xerox and Pilkingtons, among others.
The Supply Chain Conference is being held at Manchester on Wednesday 5th and Thursday 6th October 2005.
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