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Manufacturers urged to cut internal operational cost for competitiveness

By BusinessNews Staff on February 16, 2014

MANUFACTURERS in the country have been called upon to reduce the internal cost of their operations for growth and competitiveness.
The Chief Executive Officer, Gold Elsh Unic Services, Mr. Olukunle Taiwo, made the call during a sensitization workshop on Re-Engineering of internal processes of manufacturing firms, organized by Manufacturers Association of Nigeria (MAN) and Gold Elsh Unic Services.

“In a rapidly globalizing world, with its attendant collapsing tariff barriers and the accompanying stiff competition, the manufacturing industry needs to be re-positioned for future growth while driving down internal cost. This means altering the approach to innovations, product development, life cycle management, supply chain operations, pricing strategies and incorporating the voice of customers. We need to look internally and ameliorate the factors within members control and reposition for competitiveness,” he said.

“We are doing an all-encompassing analysis with your organization to bring about innovative solutions, workplace leadership, customer engagement, and workplace risk intervention and management efficiency.
Our re-evolving business model emphasizes training for staffs, development and deployment of tools and techniques, which address the complexity of the existing operations in order to achieve more with less. If you don’t train them, don’t blame them,” he said.

He noted that the main objective of the project is to make manufacturing industry process dependent,not people dependent by introducing innovations that create and capture values and to encouragewaste elimination thinking.

Speaking at the event, the Acting Director General, MAN, Mr. Rasheed Adegbenro said, manufacturing companies and indeed other businesses are confronted with unprecedented challenges to grow businesses in the difficult operating environment arising from long years of neglect of basic and critical infrastructures, menace of multiple taxes and levies, multiplicity of regulatory agencies, smuggling and dumping of cheap product in to the country.

[Vanguard]

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