A Planning Guide for Small and Medium Size Wood Products Companies

A Planning Guide for Small and Medium Size Wood Products Companies

10/01/2006

 

At the beginning of the 21st century, North American wood products companies are facing competitive pressure from numerous sources. Traditional products are being manufactured in new regions and substitute products are being developed by competing industries. The bottom line is strained by greater restriction of natural resources and the general rising cost of doing business. All of this pressure is stretching the abilities of the wood products manager to the limit. The times are changing, and they’re changing quickly. So what can be done to improve the chances of success and maximize a firm’s capabilities? Research has shown that a formal planning process is a key to the success of manufacturing companies, especially with regard to developing new products and new markets.