Global competitiveness competitiveness can be defined

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GLOBAL COMPETITIVENESS “Competitiveness” can be defined as the long term viability of firm and is also measured by its “market share” or its “profitability” “Competitiveness” of a nation in the sense of its aggregate competitive success in all markets Distinctive\Core competencies represent competitive advantage in capturing markets Examples of Distinctive\Core competency are automated production technology,skilled\dedicated work force,ability to bring new products in production,talented work force etc
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Competitive priorities of Manufacturing 1-line production costs-Redesign of products,new production technology,increased rate of production,Reduction of scrap,reduction of inventories 2-Delivering performance-higher finished goods inventory,Faster production rates,Quicker shipping methods,realistic promises,Better control of production orders,Better information system
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Competitive priorities of manufacturing(contd.) 3-High quality product\Services-improve product\services appearance\malfunction or defect rates\performance and function,wear,Endurance ability,after sales service 4-Customer service and flexibility-Change production process,use of CAD\CAM,reduction of work through JIT,increase in production capacity
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TOP COMPETITIVE PRIORITIES 1-Conformance quality 2-Product reliability • 3-On-time-delivery 4-Low price 5-Fast delivery 6-Performance quality 7-Speedy new product introduction
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RECENT TRENDS Trends which demand considerable attention in business since they influence planning and decision making .Many are related to global competition and the impact it has on manufacturing firms 1-GLOBAL MARKET PLACE-WTO led to an agreement among member nations to open their economies,reduce tariffs and subsidies ,which has resulted in level of competition throughout the world
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RECENT TRENDS(contd.) • 2-OPERATIONS\MANUFACTURING STRATEGY-More and more manufacturing are now realizing the importance of operations strategy and relating the same to overall business strategy 3-TOTAL QUALITY MANAGEMENT-Here the entire organization is committed\involved in continuous improvement of goods and services.Key features are Team approach,problem solving etc
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RECENT TRENDS (contd.) 4-TIME REDUCTION-Time reduction is being achieved in processing,information retrieval,product design and response to customer complaints 5-TECHNOLOGY-Technological advances have led to new products and processes.Computer technology applications include Product design,product features,process sing technology,information processing and communications
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RECENT TRENDS (contd.) 6-FLEXIBILITY-The ability to adapt quickly to changes in the mix of products demanded and in product design has become a major competitive strategy 7-WORKER INVOLVEMENT-A key to worker involvement in the use of teams of workers ,who solve problems and make decisions on a consensus basis
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RECENT TRENDS(contd.) • 8-RE-ENGINEERING-Reengineering
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