Long ago, Albert Einstein was quoted as defining insanity as doing the same thing over and over and expecting different results. When described in that manner, it’s easy to see the disconnect created by continuing to do the same thing over and over to the same results. Despite this knowledge, there are more than a few people, businesses and industries that could plead guilty to this offense.
The Learning Curve
The manufacturing industry is one that’s learning its lessons, with many manufacturers on the lookout for ways to build new opportunities. A recent report from the McKinsey Global Institute found that after a decade of ups and downs, global manufacturing continues to demonstrate that the industry is a global force and important in the developing and advanced world. The authors of the report cited examples of manufacturing methods that improve income and living standards as well as research and development designed to catalyze innovative ideas and drive competition. The report stressed that within this new manufacturing environment manufacturers can no longer rely on the old methods of doing things.
Entering a New Phase
The McKinsey report emphasized that manufacturing is now intimately linked to service inputs such as logistics and marketing. In fact, one dollar of manufacturing requires 19 center of services, according to the report. This also includes service roles within the manufacturing industry such as office staff, marketing and research and development. An increasingly global marketplace signals manufacturing will continue to change and evolve and so will the needs of individual manufacturers.
5 Types of Manufacturing
Global innovation for local markets
Energy- and/or resource-intensive commodities
Importance of Knowing the Customer
What the manufacturing industry continues to define and discover is that they must remain open to new innovations and the variable requests from customers. For some time now, small to medium sized manufacturers have intimately understood the importance of working with customers to create the best solution. It is in this willingness to work closely with the customer that larger manufacturers in the global environment will have to learn to embrace. Knowing the importance of the customer is one of many reasons why small to medium sized manufacturers will always lead the way as a force to be reckoned with.
By applying our many years of manufacturing experience, Mutschler Edge Tech (MET) can determine the right edge prep solution for each application. To learn more about our custom edge prep solutions, contact MET today to discuss your needs with our skilled experts that will create a custom edge-prep solution for you.