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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 />

www.iod.com/emidlandsevents

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