How to Avoid a CAD-tasrophe23 Mar, 2006 By: Cadalyst Staff
NAM/TMI report lays out best practices for small and midsized manufacturers seeking competitive advantage in a global marketplace
Small and midsized companies represent more than 99% of U.S. manufacturers and are a driving force in the nation's economy. A new report from NAM (National Association of Manufacturers) and TMI (The Manufacturing Institute) documents the critical role these businesses play, particularly in leading innovation and bolstering the economy through competitive product development.
NAM defines small manufacturers as companies with 500 or fewer employees and midsized manufacturers as those with 2,500 or fewer. Together, small and midsized manufacturers account for more than 40% of the value of U.S. production and 60% of total U.S. manufacturing employment.
The NAM/TMI report, The Future Success of Small and Medium Manufacturers: Challenges and Policy Issues, was sponsored by RSM McGladrey, a business services provider to midsized companies. As an executive manager of RSM McGladrey, I understand the impact small and midsized manufacturers have on our economy. Additionally, I have spent 25 years in the industry, giving me a practical perspective on the challenges companies face in securing a competitive advantage in a dynamic global marketplace. Read more >>p>
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