"If you can imagine it, you can achieve it; if you can dream it, you can become it."
William Arthur Ward
The heavy engineering and manufacturing industry is highly capital-intensive, most equipment is large and very expensive. Generally the profitability of a company is dependent on the efficiency of the production and distribution processes. Outsourcing to lower wage countries with fewer regulations is becoming more popular in the industry.
Larger companies generally have greater production volumes and support larger projects The advances in technology as well as the use of computer systems to increase productivity is helping companies grow larger. Larger companies experience economies of scale in purchasing, production and marketing. Smaller companies compete by producing specialized products. In order to decrease investments to inventories, most companies have become increasingly concerned with coordinating deliveries with their suppliers and customers.
Common problems in the industry:
- Inefficient production strategies
- Sourcing issues
- Procurement problems
- Excessive waste in production
Here at Global Supply Chain Group our experienced staff will work with your company to increase the efficiency of your supply chain as well as determine appropriate sourcing and procurement options.