Manufacturing

Compliance and Efficiency in Enterprise Manufacturing

Achieving growth in a stable market remains the pressing challenge for manufacturing companies across all sectors in 2005, but attention is also still firmly fixed on meeting the constantly evolving requirements of regulatory compliance, according to benchmarking undertaken by IDL on behalf of HP.

While Sarbanes Oxley still tops the agenda, organisations are also struggling to meet deadlines for international accounting, quality and environmental standards. In a tough market, where UK firms must participate against lower cost competition in India and China, UK companies need to compete on more than price alone. Whilst meeting regulatory standards gives quality and integrity assurance to customers and shareholders, many firms baulk at the cost associated with compliance, and its potential impact on pricing and margins.

The study reveals a high level of confidence among UK manufacturing companies in their ability to grow revenue and profit during 2005. Is there a danger, however, that UK manufacturing could undermine its growing reputation for agility and added value by focusing more on compliance than on delivering business value?

Alternatively, will those organisations that create a single compliance solution, based on Information Lifecycle Management tools, leverage the improved access to information across the extended enterprise to achieve the agility and business efficiency required to remain competitive in a highly challenging marketplace?

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‘Compliance and Efficiency in Enterprise Manufacturing’