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Excerpt from Manufacturing Strategy A Methodology and an IllustrationFor most industrial companies, the manufacturing Operation is the largest, the most complex, and the most difficult to manage component of the firm Because of this complexity, it is essential for firms to have a comprehensive manufacturing strategy to aid in organizing and managing the firm s manufaExcerpt from Manufacturing Strategy A Methodology and an IllustrationFor most industrial companies, the manufacturing Operation is the largest, the most complex, and the most difficult to manage component of the firm Because of this complexity, it is essential for firms to have a comprehensive manufacturing strategy to aid in organizing and managing the firm s manufacturing system This paper provides a process and a structured methodology for conceptual izing and formulating a manufacturing strategy.The manufacturing strategy cannot be formed in.a vacuum it affects and is affected by many organizations inside and outside the firm Because of the interrelationships among the firm s manufacturing unit, the firm s divisions and other functions, and the firm s competitors and markets, it is necessary to carry the process of manufacturing strategy design beyond the borders of the manufacturing organization in a single firm Figure illustrates the extent of these interrelationships and emphasizes the two basic types of inter actions that must be considered for manufacturing strategy design First, in developing and implementing the manufacturing strategy, the manufacturing function must work in concert with the finance, marketing, engineering and rd, personnel, and purchasing functions Cooperation and consistency of overall objectives are the keys to success in these types of interactions Second, manufacturing strategy design requires careful monitoring of the markets external to the firm in conjunction with the aforementioned functional groups within the firm For example, manufacturing managers, in conjunction with the engineering group, may monitor developments in the electronics industry so that they are aware of new applications of electronics to process technology in their industry Similarly, manufacturing, in conjunction with marketing, monitors the product markets in which they compete so they are aware of the product improvements and product introductions of their competitors.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books Find at forgottenbooksThis book is a reproduction of an important historical work Forgotten Books uses state of the art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition We do, however, repair the vast majority of imperfections successfully any imperfections that remain are intentionally left to preserve the state of such historical works.
Title: Manufacturing Strategy: A Methodology and an Illustration (Classic Reprint) Author: Charles H. Fine ISBN: 9781332269068 Page: 190 Format: Paperback