|
Next Generation Maufacturing
The Keys to Next Generation Manufacturing Success
Massachusetts' economic recovery depends on the ability of its manufacturers to maintain profitability in the face of fierce competition. Manufacturing remains the state's largest industry in terms of gross state product, accounting for more than 13% of state GDP.
Next Generation Manufacturing (NGM) refers to a framework of strategies that will drive manufacturing growth in the 21st century. Developed by leading manufacturers, industry thought leaders, and the MEP centers, Next Generation Manufacturing reflects the best practices and performance strategies of world class companies. To remain competitive, manufacturers in Massachusetts and across the country need to achieve world-class performance in at least some of these key areas. The study identifies six essential strategies:
Customer-focused innovation or Growth and Innovation: Deliver new and better customer solutions at a faster pace than the competition.
Advanced talent management through Workforce Strategies: Secure a competitive performance advantage by having superior systems in place to recruit, hire, develop, and retain talent.
Systemic continuous improvement through Enterprise-wide Training: Record annual productivity and quality gains that exceed the competition through a company-wide commitment to continuous improvement.
Extended enterprise management and Global Supply Chain: Leverage a flexible network of supply chains and partnerships to provide competitive advantages of speed, cost and quality.
Sustainable product and process development and Energy and Environment: Design and implement waste and energy-use reductions at a level that provides superior cost performance and recognizable customer value.
Global Engagement: Secure business advantage through people partnerships and systems capable of engaging global markets, talent, and resources.
By strategically addressing each of these areas, manufacturing will be poised to build and grow in the future.
MassMEP is Your Resource to Become a Next Generation Manufacturer - Call us today to impact your company tomorrow!
|