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Recession Catalyst for More Meticulous Investment Decisions by Manufacturers'
What's the biggest lesson manufacturers have learned in dealing with the past two years of recession economics?
 

Josh P. Cole, Principal, Manufacturing and Distribution Performance, Crowe Horwath
Manufacturers have learned to review business and investment decisions more meticulously before making a commitment. For example, they recognize the importance of performing a more thorough analysis of the actual business impact that will be realized through alternative projects and will take the time to choose the best sub-set that will generate real business results. Also important in the review process is scenario planning for alternative revenue streams before investing in facilities, capital equipment or staff.

The economy forces manufacturers to consider the longer term road-map when investing in infrastructure improvements such as Information Technology.

Bottom line: the lowered tide of smaller revenues is uncovering the rocks of poor decisions that may have been made in the past. A more thorough analysis of business and investment decisions is a step towards positive results in the future.
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