Manufacturing SMEs to embark on strong investment drive in order to meet demand
English SMEs involved in the manufacturing segment are about to embark on a very serious investment drive in order to meet increased demand, a new market report has very recently revealed.
According to a media source, figures obtained from the latest Manufacturing Advisory Service (MAS) Barometer suggest that 86% of companies participating in the survey were planning to invest in capital equipment over the next twelve months and were looking to spend £121,000 on average.
Two thirds of the firms questioned are looking to purchase new plant and machinery, just over half are focused on upgrading IT/communications infrastructure and nearly a third on improving premises.
The main reasons driving these investment plans were boosting efficiency and quality (31%), followed by developing new products/processes (30%) and extending existing capacity (22%).
Implementing a very solid and reliable time and attendance and workforce management system is a investment any company should seriously consider, given the excellent returns it can deliver on the long-term.
This is specifically the area where Tensor’s extensive experience could be put to very good use, since we’re the best position to offer you a complete range of tools and solutions for optimizing their workforce management processes, which are vital for assuring a sustainable, long-term growth.
Our WinTA suite enables managers to permanently assess their employees’ overall attendance and performance, while also being able to access a variety of data related to each employee, as for example their qualifications, skills, medical records, etc.
Moreover, Tensor’s range of products offer both a high level of reliability and good value for money, which means that companies who do decide to implement our solutions will immediately see the returns, without taking a hit as far as their balances are concerned.