In the present scenario where globalization is happening at a fast pace, the competition has become intense and also has reached our own backyard. If we have to survive in the manufacturing sector and also become globally competitive, then it is imperative that we achieve manufacturing excellence i.e. increase productivity, achieve global quality standards in the products and services, and manage our scarce resources efficiently.
It has also become inevitable to treat resources across the various departments as one resource and manage them holistically or from the company point of view. We cannot and should not have redundancy and wastages. Having an efficient supply chain management by linking raw materials to manufacturing and to distribution can go a long way in improving efficiencies and bringing the cost down.
There are many companies in the world which have achieved great successes from achieving manufacturing excellence, like Toyota ,Motorola , KFC, Dell computers and HP to name a few.
The above companies have achieved excellence in various areas like JIT, Six Sigma concept, standardized delivery across continents and efficient supply chain management.
This paper looks at the challenges faced by Indian manufacturing sector , the global emerging trends in the manufacturing sector and the best practices with a view to adopt or adapt them to suit our requirements to help Indian manufacturing sector to become globally competitive.
Also some of the steps that the Indian manufacturing industries and the Government
have to take to mitigate the challenges faced has been recommended.
Full paper will be available on request to Author.
True. I would like to read the full paper to understand more.
ReplyDeleteBut I guess I would understand best with you explaining first hand. :)