It is not the strongest or the most intelligent who will survive but those who can best manage change.
According to a recent report from the Institute of Supply Management (ISM), the manufacturing sector saw its third consecutive month of contraction in June, despite overall economic growth. The uncertainty is further compounded by the election year and high-interest rates, which limit borrowing for growth.
What does the future hold—a downturn, an upturn, or the status quo? How can companies best accelerate revenue, control costs, and achieve rapid, measurable improvements to thrive regardless of economic shifts?
While a DIY approach to process improvement might seem cost-effective, it often falls short. You may save on consultant fees but miss out on reaching performance goals quickly and leveraging proven strategies.
Even the most experienced internal CI experts sometimes need help. Companies often struggle to translate process improvements into business impact. The quickest, most cost-effective way to achieve this is to combine your in-house CI expertise with top-tier Lean manufacturing specialists. A fresh perspective from Lean professionals, who have extensive experience from the shop floor to the executive suite, can be transformative. These experts help drive operational performance and rapidly convert improvements into bottom-line results. When it comes to competing and winning, there’s no substitute for speed.
In his recent article, TBM’s VP, David Pate, explains how strategic partnerships can turn turbulence into opportunity and elevate your manufacturing operations.
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