Globally Competitive manufacturing
... manufacturing capability. For long battered by the whimsical socialistic legacy and recently blithely forsaken by the torchbearers of the new economy (particularly IT sector), manufacturing needs to rise to its potential. And it is with the “secret weapon” mentioned above, that the Indian firms will be able to develop an edge over their competitors and become a global force and provide the driving force for the economy. USA has till date quite well emerged to manufacture goods at a reasonable cost Our improvement can be easily measured by the change in the improvement on various manufacturing performance indicators over the last two years. The top five areas that have seen maximum improvement are average manufacturing defect rates, productivity of direct production workers, manufacturing cycle time, procurement lead time and finished goods inventory. However,manufacturing firms have a ...