In this episode of @AuManufacturing Conversations, published in partnership with MYOB, we consider the vast potential in helping more manufacturers make the jump from small-sized enterprise to medium (or beyond.)
MYOB Senior Product Marketing Manager Bruce Minty shares some reasons why midsized manufacturers matter, and how ambitious companies can navigate hurdles as they grow into the category.
For more on The Bigger Picture report, see here
Solutions like MYOB Acumatica are purpose-built to replace outdated systems, streamline processes, and provide real-time visibility, helping businesses scale with confidence.
Episode guide
0:44 – Minty’s background.
1:53 – How shifts in the industry impacted Minty’s family, which counted the last three car makers as its biggest customers.
2:48 – A shift from mass production to high-tech and customisation.
3:41 – Strengths and opportunities for Australian makers.
5:16 – Challenges to do with fragmentation and a lack of scale.
6:48 – What can improve productivity within manufacturing
7:31 – The benefits of modern ERP systems and their features.
8:31 – How small improvements add up.
9:20 – The important role of midsized businesses in Australia (and why we need more of them.)
10:28 – Midsized businesses are only 3 per cent of companies, but deliver a vastly outsized performance in private sector GVA and employment.
11:28 – Why a thriving midmarket can enhance all of manufacturing.
12:30 – Why success begins at home for exporters.
14:20 – Growing pains and how to avoid them at scaleups.
15:18 – It’s essential to regularly review if systems and processes are fit-for-purpose.
16:10 – What getting it wrong while growing can look like. Plus a counter-example.
18:38 – Some scaling sustainably self-assessment steps.
19:50 – Leadership should regularly pause and review if goals, people, processes and technology are aligned.
20:16 – A simple question that can uncover risks, plus how you can start small to prepare for growth.
