Manufacturing consultants help you navigate the various nuances of production

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A layman’s perspective of running a business may be a three-dimension approach; a) an office setup and administration to take care of the daily business activities, b) a factory unit where goods are produced, and c) a marketplace where the finished products are sold at a profit. 



While these elements give a broad idea of the different aspects of business operations, there are several other nitty-gritties that go into running a profitable business. One of the key considerations is whether to run your own production unit or outsource the same. Manufacturing consulting firms are proficient in giving the appropriate guidance in this matter. 


Manufacturing industry scenario


Out of India’s GDP of approximately $ 695 billion in the first quarter of FY22, the manufacturing sector accounted for nearly $77 billion.


India is well-positioned to become one of the most sort-after global manufacturing hubs by 2030 with an estimated annual contribution of $ 500 billion to the global economy.


The country’s manufacturing sector may touch $ 1 trillion by 2025 and count for 25-30% of the country’s GDP. Potentially around 90 million people can be employed in this sector by 2025.


As per the Department for Promotion of Industry and Internal Trade (DPIIT) FDI in manufacturing subsectors crossed $ 100 billion between April 2020- June 2021.


Why does the manufacturing sector require consulting? 


The massive growth trajectory of the industry inevitably means extreme competition. Expert advice is needed at every step of your business journey to prevent avoidable mistakes and loss of time and helpstay ahead of the competition.

Staying abreast with updated technologies and advising clients on new production strategies.

To advise on the right balance between producing all the components in-house or outsourcing part of the process.

Sourcing superior quality raw material at a cheaper cost.

Effective manpower sourcing and management. In spite of significant technological advancement in the last couple of decades, the sector still remains manpower-intensive. Hence, there’s a constant need to monitor and upskill the workforce to increase productivity.

Increasing adoption of lean manufacturing practices that optimise inventory management. Modern manufacturing consulting firms have tangible expertise in this domain that can have a massive impact on your working capital requirement. 


The phenomenal industrial growth has triggered many consultants to turn their attention to the manufacturing industry. Selection of the manufacturing consultant has to be done carefully to reap the maximum benefits. “Industry Experts” has a reasonable network of consultants with wide exposure and varied industry and domain experience who can rationalize the business decisions, thus, turning a dream project into a successful venture.

Source:- https://www.industryexperts.co.in/blog/manufacturing-consultants-help-you-navigate-the-various-nuances-of-production

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