Manufacturing Figures from CSO: Output UP however Value way down
The latest figures from the Central Statistics Office make grim reading, Production is up across all sectors however the good news can only found in Pharmaceutical, Bio, Life Sciences sectors. These sectors enjoyed an almost unseemly 43% production growth.
And Computers, Electronics and Optical Devices were 47% down.
Food and associated Industries are 7% down as well. I am with Paul O'Connell supporting the Irish Food sector even though he got paid for the Milk advert.
Aggregated values are marginally up however the vital statistic is that National Production in value/Turnover terms is 21.2% lower.
Productivity and Efficiency programmes are required at every level. Clear blue sky thinking is required. Our approach adopted to date needs amending and must effect the productivity gains required to re-establish our natural competitive advantage. It can be done look at Switzerland.
R& D and Technology initiatives increasing business intelligence, leaner manufacturing technologies, reducing cost throughout manufacturing. Funding vehicles are required as the Taxpayer is bust. Tax relief schemes are the most obvious option, Private Equity Vehicles with Tax reliefs attached, A National Productivity Bond with long term rewards and upfront Tax relief. Schemes for all not just the set that formally enjoyed hospitality in Fianna Fail Galway Races Tent.
MXI can provide lean manufacturing applications such as EFACS ERP Integrated Manufacturing, Distribution and Financial ERP Software. Further Alliance/MFG Irelands most successful ever SME Manufacturing Software and Preactor Finite Capacity Management software. We our customers competitiveness, we reduce costs, we drive productivity gains.
Our expert Computers in Manufacturing Consultants will implement these software applications using our established manufacturing improvement methodologies which have customers achieve 40% production gains, 41% Stock reductions whilst increasing production.
Let's not waste this crisis, innovation required. So let's get thinking.
Contact MXI Software