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Institute of Directors, business magazine, director development, business news
Institute of Directors, business magazine, director development, business news
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Technical briefing – Productivity<br />
Improving productivity –<br />
how partnering with a<br />
University can unlock<br />
funding and innovation<br />
Businesses are facing more challenges<br />
than ever because of the impacts of<br />
Covid-19 and Brexit, with a need to<br />
regularly assess their performance, be<br />
dynamic and remain competitive. All are<br />
key to promoting business growth,<br />
profitability and sustainability.<br />
Productivity is one of the key drivers of<br />
economic growth and prosperity. As a<br />
region, the East <strong>Midlands</strong> is<br />
underperforming in this metric when<br />
compared to the national average.<br />
To tackle low productivity in the local<br />
area and to drive business growth,<br />
Nottingham Trent University (NTU) is<br />
working in partnership with the University<br />
of Nottingham and the University of<br />
Derby to deliver the Productivity through<br />
Innovation (PtI) programme, which is<br />
part-funded by the European Regional<br />
Development Fund (ERDF).<br />
The programme gives SMEs in<br />
Nottinghamshire and Derbyshire access<br />
to a free business ‘health check’.<br />
Conducted by experts at NTU, this service<br />
evaluates business performance, enabling<br />
business leaders to make informed strategic<br />
decisions on how to move forward.<br />
Participating businesses receive a tailored<br />
package of funded support, including<br />
access to a grant to fund a graduate’s salary.<br />
They also benefit from resources, academic<br />
and technical expertise and facilities that<br />
they would not ordinarily have access to.<br />
The University then provides tailored,<br />
innovative and sustainable productivity<br />
solutions, the simplest of which often have<br />
the biggest impact.<br />
The programme is open to SMEs in<br />
Nottinghamshire and Derbyshire. To date,<br />
NTU has successfully supported<br />
businesses in industries such as<br />
manufacturing, architecture, life sciences,<br />
engineering, pharmaceutical, IT and food<br />
and drink.<br />
One recent example of the programme<br />
in action saw NTU partner with local<br />
businesses needing to develop their<br />
supply chains in the wake of the effects of<br />
Brexit and the Covid-19 pandemic.<br />
In response, industry experts from the<br />
world-renowned Nottingham Business<br />
School (NBS) – part of NTU – successfully<br />
delivered a series of online supply chain<br />
workshops, empowering businesses to<br />
critically assess their existing supply chains,<br />
identify areas to review and develop, and<br />
decide on new measures to introduce.<br />
FSG Tableware Ltd, importers and<br />
innovators of food service products with a<br />
focus on reusable and healthcare adapted<br />
dinnerware, was just one of the<br />
companies that attended our workshops.<br />
Managing Director Lynn Johnson told<br />
us: “We found the supply chain strategy<br />
support provided by NTU academic Jayne<br />
Adams (pictured right) to be invaluable.<br />
We worked together to develop a<br />
toolkit giving an in-depth analysis<br />
of supplier relationships, costs,<br />
quality, and risk mitigation, which<br />
I will continue to use and update<br />
on a quarterly basis.<br />
“This process has given me more<br />
confidence to engage with suppliers to<br />
discuss pricing and ensure sustainable<br />
practices are adhered to, both of which<br />
are important to my vision and values as a<br />
business.”<br />
Rob Johnson, lead NBS lecturer on<br />
supply chains (and former Global<br />
Purchasing Director at Jaguar Land<br />
Rover) (pictured right), said: “When<br />
businesses are looking at their<br />
strategies and priorities for the<br />
post-pandemic world, no matter<br />
what size they are, or whether they<br />
sell goods or services, it’s well worth<br />
thinking about the supply chain.”<br />
We are facing an uncertain future, and<br />
supply chains around the world are under<br />
pressure. How are you managing in these<br />
turbulent times? What is involved in<br />
adopting a more strategic approach with<br />
your suppliers, and how will this benefit<br />
your company?<br />
NTU plans to run a supply chain<br />
workshop again in June 2021.<br />
Other consultancy support the University<br />
has provided includes marketing strategy<br />
and brand development; the introduction of<br />
production planning and control systems;<br />
software development and strategy; value<br />
stream mapping; product research,<br />
development and testing; process mapping,<br />
and more.<br />
Director Ben Thompson from sports PR<br />
agency and sector specialist Macesport is<br />
impressed by the consultancy support<br />
he received from NTU. “Complex<br />
problem solving requires expertise<br />
from a wide variety of specialist<br />
areas,” he said. “To be able to call<br />
on the help of Nigel King [NTU’s<br />
Senior Lecturer in Computing and<br />
IT, with 25 years’ experience as a<br />
Tech Executive in Silicon Valley] and the<br />
wider PtI support has been invaluable to<br />
keep driving the business forward and<br />
future-proofing ourselves.<br />
“It’s vital to be able to surround yourself<br />
with experts who are able to dissect the<br />
challenge quicky and not only<br />
understand the technical challenge,<br />
but also the business goal, and the<br />
team have been incredible from<br />
taking a concept to delivery.”<br />
Want to know more?<br />
If you have a business challenge<br />
you want to address, we’d love to hear<br />
from you. Email PTIadmin@ntu.ac.uk<br />
or visit www.ntu.ac.uk/pti if you’d like to<br />
apply or find out more.<br />
20<br />
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