The Global Manufacturing Industry

734 Words3 Pages

Advanced Manufacturing Technology

The global manufacturing sector has undergone a tumultuous decade. Large developing economic countries have evolved as a first tier of manufacturing nations. Manufacturing remains as a pivotal sector for the developing and advanced world. It also remains as a vital source of innovation and competitiveness making an enormous contribution to the R&D sector, exports and growth. A manufacturing sector is looked as the next era of global growth and innovation. It is also crucial in contributions to the global economy today. A dynamic new phase has begun to the manufacturing sector due to the new consuming class emerging in the developing nations.
As per the world bank manufacturing now accounts for approximately …show more content…

They play an important role in raising the country’s economy. Due to globalization and free trade agreements, the SMIs have increasing pressure to opt advanced manufacturing technologies (AMTs) to be competitive or for a decent survival. Although studies have shown that AMT will be enforced in smaller corporations and measure a lot of flourishing than larger corporations, the implementation of AMT needs the SMIs to adopt new ways of thinking and doing work. The flourishing implementation of AMT would force the businesses to own a work force with higher level of skills, a versatile structure and infuse a replacement culture in managing, coaching and coming up with of the producing industries. A study was conducted victimization survey questionnaire to analyze the flexibility of the SMIs of Asian country to implement AMT with success. The results of the survey showed that the most factors preventing the SMIs from getting the strategic advantages of AMT measure the lack of associate degree body and understanding of the technologies, planning, the extent of trained employees and engineers and therefore the culture of the industries. To extend fight and adaptability of the organizations, a flexible structure is needed. There's a requirement for the SMIs to extend the quantity of engineers and coaching provided within the corporations to change a positive contribution to AMT implementation. The flexibility of the employees to run multiple machines, stopping production once drawback happens, communication of structure goals, and participation in plan generation and decision- creating square measure necessary in achieving the versatile advantages of AMT. The SMIs got to increase the academic and coaching wants of the employees and even have a better understanding of the technology to comprehend its

More about The Global Manufacturing Industry

Open Document