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Informative Articles

Debt Management in the UK
Debt management, as defined in the UK, is a course of action where a reduction in repayment amount and/ or interest charges is negotiated with unsecured creditors, when you are no longer able to meet your repayment requirements. For some...
Debt Management Plans - Things You Must Do To Avoid Pitfalls
Most people are involved in some type of financial transaction or decision every day. Sometimes they can get way behind in their debts and financial obligations with no clear way to pay them off. Some resort to debt management plans, which can help...
Does MBWA (Management By Wandering Around) Still Work?
Tom Peters, alumnus of the management consulting firm of McKinsey & Company and one of today's best known and highest paid management gurus, first came to prominence in 1982 as he "knocked our socks off" with his eye-opening best-seller In Search of...
Simple Time Management Skills Generalized
Time management skills are simple. The problem is all of us are different, and each of us has to learn which skill works best for us. Often when we fail, we feel discouraged, depressed, stressed, and our confidence is affected. Failure is a...
Using PMS/GPS – The Productivity Management System™ for Goal Planning and Setting
"When I am willing to take a chance on me, do whatever it takes, thank those who have helped me along the way, and remember to pat myself on the back once the goal has been reached, I am fulfilled” – Heidi Richards In 1979, Harvard Business School...
 
Interim Management provides hope for UK Manufacturing Sector



Businesses of all types are now exploring the benefits of Interim management. What was once seen as the

exclusive territory of large multi-national companies may turn out to be the saviour of the UK manufacturing sector.



Paul Wilson, Managing Director of Aster Interim Solutions takes up the story, Interim

Managers were once exclusively used by the larger companies to aid in company turnaround or implement business re-structuring but are now being used by

companies of all types and sizes from both the public and private sector.



Typical reasons why companies may use interim managers include:-

Company turnaround and business restructuring e.g. 'Company Doctor' Introduction of change management To bridge a 'gap' to cover for maternity, secondment etc To provide additional resources when companies need it most such as through periods of dramatic growth or the building of company infrastructure As a 'safe pair of hands' whilst the replacement of a permanent member of staff is sought following their sudden departure As a project manager to manage a transition e.g. introduction of new business systems etc.

The UK manufacturing sector has been 'ravaged' since the 1950s by cheap imports resulting in job losses and the gradual transition of our manufacturing

base to lower cost geographical areas. Many of the UK manufacturing companies left are now 'working


smarter not harder' in an attempt to outwit their

competitors.





One of the ways this manifests itself is by the use of specialist Interim Managers.

Whereas Finance and Human Resources have historically been disciplines where companies have used interim managers, businesses are now using interim

manufacturing/operations managers to help them in their efforts to implement philosophies such as six sigma and lean manufacturing.



Many UK manufacturing companies are now using Interim Management to provide their business with

'manufacturing best practise'. By using the experience of the interim manager companies can become a leaner and fitter business in a shorter period of time

than they would otherwise have been achieved.



In addition, the cost of hiring the interim manager is tangible and only temporary. This makes the 'interim' proposition very attractive for a number of

our clients".



This all goes to demonstrate, perhaps the strategic use of Interim Managers can provide our remaining UK manufacturers with a powerful weapon in their bid

to stave off low cost offshore competition.



For further information contact:-

Paul Wilson Managing Director Aster Interim Solutions Ltd www.aster-interim.co.uk

About the author:

None

 

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