The Australian manufacturing sector expanded for the seventh consecutive month in April 2017, according to the Australian Industry Group Australian Performance of Manufacturing Index (PMI). Australian manufacturing climbed 1.7 points to 59.2 for the month of April 2017.
“The April performance featured strong growth in exports and local sales of food and beverages manufacturing, building materials, specialist machinery and equipment and specialist chemicals” said Ai Group Chief Executive, Innes Willox.
“Resurgent output and prices in our agricultural and mining sectors are having a positive effect on demand for a range of locally produced manufactured equipment. This surge is occurring despite the closure of the automotive assembly sector and recent disruptions in some locations due to Cyclone Debbie.”
We have also found the Australian manufacturing sector to be very busy with upcoming work and new product development projects. After hundreds of Steel Efficiency Review® consultations with our manufacturing customers we have found the key challenges facing Australian Manufacturing comprise:
- Lack of Communication
- Lack of Skills / Training
- Duplication of work
- Dead Zones – places where work gets held up or lost
- Lost Time – people looking for work and / or re-work to correct errors
- Different prioritisation rules in different areas / departments
- High lead times – slow turnaround
Once we get to understand the underlying causes for these key challenges – we start build our findings and recommendations for improvement. The Steel Efficiency Review® can provide Australian manufacturers with a competitive edge and support organic growth.
We have found, our customers pursue the SER® as a vehicle to look at their business in a different way to make some small changes to reap big rewards. The Steel Efficiency Review® aims to provide recommendations to support our customer’s business and at the same time improve our product and service offer.
To register for the Steel Efficiency Review® click here.