Gearing up for growth

SMEs are ready to push on after years in survival mode. Insider's round table discussed the challenges facing them as they progress and poses the question 'What can help SMEs grow?'

Arnab Dutt, managing director of Texane, said his business used innovation in the last few years to protect margins. Growing turnover was not a priority for the polyurethane components manufacturer and it instead targeted work with the highest growth margins.

"It meant a lot of investment in new technology and development which is difficult because sometimes it works and sometimes it doesn't," said Dutt.

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Logistics : Driving Growth

"Logistics is also all about how you organise the workspace so everything is where it should be from machinery to raw materials." 

At Texane the key to sound logistics is information and control, an end-to-end supply system that functions efficiently and delivers on time.

That means a level of cooperation in the supply chain where all parties know what is expected and have the information they need to ensure that Texane receives the raw materials to manufacture on the correct date.

It also means good information technology working with all your internal systems in a holistic way.

Read the full article on the Guardian Small Business Network here.