IT Helped Manufacturers Boost Margins In 2004 - InformationWeek
IoT
IoT
Software // Enterprise Applications
News
4/22/2005
01:41 PM
50%
50%

IT Helped Manufacturers Boost Margins In 2004

Manufacturing companies that deployed technology to improve their supply chains and other business processes showed the greatest gains in sales, according to a research report coming out next week.

Manufacturers that aggressively deployed technology to improve operations showed greater gains than companies that didn't, according to research firm Manufacturing Insights, which plans to publish a report card next week that ranks the performance of 240 domestic and foreign manufacturers in nine separate industries.

While all of the industries, including aerospace and defense, automotive, base materials, general discrete manufacturing, high tech, and others, realized increased revenue, some segments shined brighter than others. Aerospace and defense, high tech, and wholesale manufacturers had the greatest year-over-year revenue growth in 2004, the report says. The automotive and retail trade segments saw below-average revenue growth.

Bob Parker, VP of research, says the general economic upturn in 2004 "lifted all boats" in manufacturing, but it was companies that "aggressively used technology such as supply chain and up-front product-life-cycle tools" that showed the greatest increase in net profit margins. The biggest gains were seen in automotive, diversified manufacturing, high tech, base materials, and consumer goods.

"Manufacturers have been aggressive investors in IT as well as improving their manufacturing and business processes," says Parker. "This puts them in a position to scale and increase net profit."

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of the Cloud Report
As the use of public cloud becomes a given, IT leaders must navigate the transition and advocate for management tools or architectures that allow them to realize the benefits they seek. Download this report to explore the issues and how to best leverage the cloud moving forward.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of November 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll