According to the results of the second annual ASQ Manufacturing Outlook Survey, 1,200 manufacturing personnel from the United States and Canada are optimistic about the economic prospects for the industry and their organizations in the new year. 68% of respondents predict revenue growth in 2011, compared to 64.7% who predicted growth for 2010 in last year’s survey. (For reference, when asked this year if they actually experienced revenue growth in 2010, 67% of respondents said yes.)
As part of the survey, respondents were asked to offer one piece of advice to help manufacturers ensure revenue growth. The top four tips were:
Continue to take part in continuous improvement practices, and increase use of quality processes
Increase customer satisfaction
Implement more lean processes
Reduce costs/eliminate waste
Read the Industry Week article to find more interesting results from this survey.
And let us know what you think. Does your organization expect revenues to grow in the coming year? What advice would you offer to manufacturers who want their businesses to grow?