Over 2,000 respondents in large and small Manufacturing and Industry companies have already participated in a study through the HPO Insight™ improvement tool. These companies know that improvement and innovation are required to improve performance. The Manufacturing and Industry sector is still under strong pressure, and is forced by market uncertainty to innovate with fewer resources while reducing costs.
The five HPO pillars are made up of 35 validated HPO characteristics. Below, you can find the average Manufacturing & Industry scores:
Quality of Management
Openness & Action Orientation
Continuous Improvement & Renewal
Quality of Employees
Despite market uncertainty, manufacturers must weather the risk that comes with embracing new technologies.
The sting of 2001 and 2008 is still too painful for some industrial manufacturing companies to forget. Back then, global economic expansion enticed industrial manufacturers to invest in new equipment and technologies designed to improve factory performance for themselves and their customers. When markets unexpectedly crashed, they paid a steep price for having bought at the top of the cycle. The payoff took years to realize, if it appeared at all.
This recollection colors the tentative steps that many industrial manufacturing companies are taking today. Indeed, economic growth, although occurring, isn’t particularly robust. It’s anybody’s guess whether China is heading for a soft landing or a renewed takeoff. The Eurozone’s future and the prospects for Brazil, India, and Russia are impossible to read. It’s tempting to believe that a boardroom version of “the prevent defense” — avoiding possible big losses by taking few chances — may be the best strategy.
But that conclusion is a false choice. Manufacturing may be facing some headwinds, but it’s undeniably in the midst of a technological renaissance that is transforming the look, systems, and processes of the modern factory. Despite the risks — and despite recent history — industrial manufacturing companies cannot afford to ignore these advances. By embracing them now, they can improve productivity in their own plants, compete against rivals, and maintain an edge with customers who are seeking their own gains from innovation.
PwC, Industrial Manufacturing Trends
What is required to innovate, reduce costs, and increase flexibility?
The HPO Insight™ improvement tool helps Manufacturing and Industry companies to work on performance improvement and innovation in a focused way. New ways of working first require insight into the qualities and challenges of the internal organization. Without motivated employees and progressive leaders, the introduction of a new IT system, optimization of processes or change in supply, for example, will not be successful.
Benchmark Manufacturing & Industry companies
Over 2,000 managers and employees from the Manufacturing & Industry sector have given the scores for the 35 HPO characteristics. The average results for, among other things, the five HPO factors have been filtered from this. Using HPO Insight™, you can find out how your internal organization is performing regarding these HPO characteristics and HPO factors, and you will receive the Key Improvement Areas (KIAs) for your (part of the) organization. You will also immediately gain insight into your performance compared with the Manufacturing & Industry data in our HPO database.
With HPO Insight™, you know where you stand
Use HPO Insight™ to figure out how your organization is truly performing and what your KIAs are. How do you think your organization will score? Top of the sector? What are your strengths and what can you improve regarding the five HPO factors and the 35 underlying HPO characteristics?
Follow the footsteps of Numac, van der Meerakker, Mayfran International, DSM, Heineken, Legrand, Oerlikon, De Boer België, Philips, Toshiba Medical Systems Europe, RAVO, Swagelok, WP Haton, Kendrion and De Beers Marine, and start working with HPO Insight™.
References: Manufacturing & Industry
“It is about all of you wanting to do better than your competitors. If you say YES to that together, it produces such an incredible energy! “
Rob van den Maagdenberg – former VP Grohe Western Europe