West Yorkshire manufacturers missing out on productivity boost - report
A lack of knowledge in strategy development, training, financial management, data driven operations and digital transformation is hindering productivity for SME manufacturers in West Yorkshire.
These were the findings of a new report by Oxford Innovation Advice, who support companies in the region through the West Yorkshire Good Growth and Made Smarter Digital Adoption Programmes.
The organisation is now calling on the government and policymakers to make sure that support includes access to advice in these key areas by continuing and widening existing support initiatives.
Over 1000 senior managers were questioned across hundreds of companies as part of the research, with 87 per cent of respondents feeling they are strong in focusing on customer satisfaction, leadership (78 per cent) and performance management (76 per cent).
Conversely, two thirds of management teams felt they had a robust formalised strategy, and less than three-quarters believe they use a wide variety of measures and data to track performance.
The lowest scoring metric for companies was training and incentivisation, with 64 per cent of managers feeling that they are doing a great job in this area, with managing change and transformation particular areas of weakness.
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