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<h2>Industry Challenges</h2> <p>The engineered products and project (EPP) business industry consists of companies in three sectors: aerospace and defense, project business, and machinery and components. Although the business dynamics of these organizations have inherent differences, the companies are facing an economic environment that requires them to explore many of the same strategic questions:</p> <ul type="disc"> <li>How do we assess our vulnerability to new market conditions in terms of backlog and cash position?</li> <li>How do we choose the right pricing approach to protect margins?</li> <li>What should we look out for when choosing the main levers to optimize operations—that is, asset productivity, strategic sourcing, industrial footprint, risk, and complexity management?</li> <li>How do we find possible ways to profit in the current environment and position themselves for future market growth?</li> <li>How do we determine the right involvement of suppliers in research and development (R&amp;D), manufacturing, and services?

<h2>Industry Challenges</h2> <p>The engineered products and project (EPP) business industry consists of companies in three sectors: aerospace and defense, project business, and machinery and components. Although the business dynamics of these organizations have inherent differences, the companies are facing an economic environment that requires them to explore many of the same strategic questions:</p> <ul type="disc"> <li>How do we assess our vulnerability to new market conditions in terms of backlog and cash position?</li> <li>How do we choose the right pricing approach to protect margins?</li> <li>What should we look out for when choosing the main levers to optimize operations—that is, asset productivity, strategic sourcing, industrial footprint, risk, and complexity management?</li> <li>How do we find possible ways to profit in the current environment and position themselves for future market growth?</li> <li>How do we determine the right involvement of suppliers in research and development (R&amp;D), manufacturing, and services?