Evolutionary process

Article Abstract:

The concept of world class manufacturing has changed since the term was coined in 1984. A study conducted on 900 small and medium-size enterprises in the UK revealed that successful firms share common attributes that will more than likely propel them to world-class ranking. These include a workforce of over 50 employees, a history of expansion, competent and visionary managers, ownership of their own products and a broad customer base. The overriding principle in attaining world class status is leadership, characterized by vision and strength.

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The bottom line

Article Abstract:

Manufacturing firms should optimize their production process and enhance the quality of their products to meet the demands of the customers. Production process optimization does not require major financial investments. Rather, manufacturing companies need to implement innovative strategies and initiatives which will boost the manufacturing process. They can also implement a restructure in the company's organization to gain a competitive edge in the manufacturing industry.

Methods, Usage, Production management, Just in time inventory systems, Just in time systems

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