Don't reduce manufacturing; redesign it
Study discusses how to take a fresh look at costs throughout your organization
A new report by The Boston Consulting Group shows how companies can find major cost savings beyond the usual budget cuts and salary freezes by rethinking and redesigning their global manufacturing operations for optimal performance.
This approach can unlock a huge amount of hidden value yet is often overlooked as a cost-cutting measure, said the BCG report titled "The Power of Cost Transparency: Finding Hidden Value in Manufacturing Networks."
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Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.