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Cognizant SAP Manufacturing Success Report 2014

Cognizant SAP Manufacturing Success Report 2014

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In 2014, the UK manufacturing sector will grow by 2.7% compared to 2.4% for the economy overall. This report highlights factors that will accelerate growth and discusses the importance of interconnectedness as a success driver.

http://www.cognizant.com/supply-chain-management
In 2014, the UK manufacturing sector will grow by 2.7% compared to 2.4% for the economy overall. This report highlights factors that will accelerate growth and discusses the importance of interconnectedness as a success driver.

http://www.cognizant.com/supply-chain-management

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Published by: Cognizant Technology Solutions on Aug 21, 2014
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Manufacturing Success
www.thinkbiggrowfast.net/manufacturingsuccess
August 2014
 
Manufacturing Success:
 August 2014
2014 looks set to be a turning point for the UK manufacturing sector with the EEF forecasting that the sector will grow by 2.7% in 2014 compared to 2.4% for the economy overall. Against this positive growth backdrop, UK manufacturing is grappling with increasing customer complexity, emerging technologies such as 3D printing, supply chain disruption and the challenges that a multi-generational workforce creates.The Manufacturing Success report is an annual review of key trends in the UK manufacturing sector. In 2013, Manufacturing Success reported that the siege mentality and focus on survival amongst UK manufacturers was beginning to recede as manufacturers became increasingly
condent about their growth prospects. In 2014, the
Manufacturing Success report evolves to highlight the factors that will serve to accelerate growth amongst UK manufacturers.Manufacturing Success 2014 introduces the concept of the connected manufacturer. The report discusses the importance of interconnectedness as a driver for success as we move towards 2020.
Specically, the report focuses on three types of interconnectedness:
 
.
Connections between people (internal collaboration and knowledge sharing) 
.
Connections between businesses (relationships across the supply chain to include suppliers, partners and customers) 
.
Connections between things (use of smart components to connect products)Whilst all three types of interconnectedness are considered highly important to drive future success for manufacturing, the extent to which manufacturers are ready and capable to capitalise on the opportunities that such connections can bring varies widely and highlights the need for manufacturers to focus on strengthening their interconnectedness to help realise their growth ambitions.
Executive summary
The Manufacturing Success report is an annual review of key trends in the UK manufacturing sector.
High techIndustrial componentsAutomotiveOil and gasChemicalsMiningAerospaceBuilding materialsFabricated metal productsPrimary metalsOther
Figure A: Manufacturing sector
 
page
3
33%38%25%4%
£100 million to £249 million£250 million to £499 million£500 million to £1 billionOver £1 billion
Figure B: Company turnover
The report discusses the importance of interconnectedness as a driver for success as we move towards 2020

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