{"id":1248,"date":"2018-03-19T09:55:10","date_gmt":"2018-03-19T08:55:10","guid":{"rendered":"http:\/\/blog.pikon.com\/?p=1248"},"modified":"2021-04-08T06:15:50","modified_gmt":"2021-04-08T04:15:50","slug":"challenges-mechanical-plant-engineering","status":"publish","type":"post","link":"https:\/\/www.pikon.com\/en\/blog\/challenges-mechanical-plant-engineering\/","title":{"rendered":"4 ways to be more competitive in Mechanical & Plant Engineering"},"content":{"rendered":"\t\t
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In the industrial nations worldwide, mechanical and plant engineering is regarded as a growth driving industry. In the Germany economy, for instance, it is one of the most important industries. More than 6.419 companies employ around 1.000.000 workers \u2013 more than in any other industrial sector. In terms of revenue, mechanical and plant engineering is the second largest industrial sector in Germany. In 2017, the industry generated revenues of more than EUR 236 billion.<\/p>

Both by supplying complex products and by purchasing technologically sophisticated supplies and services, the machinery and plant engineering lie at the heart of the German industrial performance. Trends such as Industry 4.0, Smart Factory, Electromobility and energy\/resource efficiency show that this industry is constantly on the move and exposed to a higher-than-average drive for innovation.<\/p>

Today, the mechanical and plant engineering industry have many challenges in working more customer-oriented by offering custom products and striving for further efficiency advantages. As such, modularisation and offering configurable products is currently in focus as a means for meeting specific customer requirements and increasing competitiveness in this industry. This is achieved by bridging the advantages of standardisation and rationalisation with customisation and flexibility. Only in this way will companies in the machinery and plant engineering comply with today\u2019s dynamic market environment and the new digital business models. However, these companies also need stability in company controlling whilst adhering to regulatory requirements.<\/p>

In my article, you learn how to handle the current challenges in the mechanical and plant engineering and find guidelines on how to develop your own strategy to become more competitive.<\/p>

We have also written a White Paper on this matter<\/a> together with our German partner, FAS AG. In this White Paper you will find effective solution scenarios for the above-mentioned challenges. Using concrete examples from finance and accounting, we show you how CIOs and CFOs can develop a target vision and procedure model together to meet these strategic challenges.<\/p>

Click here to download our White Paper<\/a> and learn how to manage the strategic challenges in the mechanical and plant engineering industry from a finance and accounting point of view.<\/strong><\/em><\/p><\/blockquote>

New business models to make you more competitive<\/h2>

How to optimise your business model to provide both standardised\/ configurable products and customised solutions<\/h3>

In accordance with our own strategic 3-Point-Consulting Approach<\/a> we recommend illuminating this challenge from three sides:<\/p>