Free

Manufacturing and Production Enterprises - Essay Example

Comments (0) Cite this document
Summary
It was clear that foreign competition had stiffened leaving these firms with no alternative other than rethinking of their…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Manufacturing and Production Enterprises
Read TextPreview

Extract of sample "Manufacturing and Production Enterprises"

Manufacturing and Production Enterprises affiliation Manufacturing and Production Enterprises Introduction Over the past three decades, the United States manufacturing arena faced numerous challenges that lead to loss of its competitive edge in the sector. It was clear that foreign competition had stiffened leaving these firms with no alternative other than rethinking of their manufacturing strategies. American manufacturing industries such as automobiles, electronics, PCs and equipment’s have emerged with integrated automated process technologies to remain competitive. Through research and close analysis of each manufacturing process, companies have come up with ways to improve quality, reduce costs, reduce variation, speed up time to market and reduce waste (Markert & Backer, 2009).
CIM is the core avenue towards realization of success in U.S manufacturing. It involves integration of all components that are essential in production process and is a unifying factor of basic functional areas of manufacturing firms. It integrates design, production and management ensuring effective and quality production (Markert & Backer, 2009). Obstacles preventing high velocity in production such as complex setups, poor physical flow, excess material handling and interruptions in production process have been resolved by adopting lean manufacturing. Lean manufacturing simultaneously integrates the various aspects of product design, development and production. Just –in-time (JIT) has facilitated reduction of cost, production of high quality products and on-time production through, minimization of idle facilities, equipment’s or workers. Its main emphasis is having the right part, at right time, in the right quantities in manufacturing area (Markert & Backer, 2009).
Many organizations have also undergone restructuring to reduce managerial layers and increase profits. This has put more decision making and responsibilities to line managers and the assembly line workers. Companies are adopting supply- chain management, which makes significant changes in the way a particular product is produced. As a result, dependence on external suppliers and outsourcing has increased helping organizations manage inventory and maximize production (Markert & Backer, 2009). Organizations have been struggling with cost especially the cost of material handling. Material requirement planning (MRP) is one technique that helps firm plan future purchase orders and production lots according to the required material to complete a production schedule.
Intensive global competetion is a key driver of the ongoing trend of strategic implementation of technologies in manufacturing. Alongside this strategy, need for management of quality and productivity has emerged among major business strategies (Markert & Backer, 2009). Without well-structured strategies, survival in this competitive environment would be difficult. Consumer education has also intensified leading to more awareness of quality. Quality control, standards have intensified with more focus on the process control of individual operations and their role in manufacturing as opposed to product control driven assurance (Markert & Backer, 2009). Consumer concerns on global warming and related environmental issues have forced businesses to take steps at developing processes that keep the environment safe.
Conclusion
Manufacturing is moving toward an era of great deal of customization. With most organizations having adopted lean manufacturing and JIT, which have seen integration of vital aspects of manufacturing process, companies are realizing that they can customize products in quantities of one, and churn them out at mass production speeds (Markert & Backer, 2009). Rapid prototyping and cellular manufacturing provide the foundation to this new developing approach to manufacturing. With new collection of intelligent machines that can anticipate breakdown and repair themselves and the renovation of robots, automation is really advancing in manufacturing. Organizations are also being more cautious when it comes to investing in large- scale automated technologies. The future of manufacturing is highly dependent of technological advancements and it is up to individual companies to choose on the mix to use in their production process to remain competitive.
References
Markert, L.R., & Backer, P.R. (2009). Contemporary Technology: Innovations, Issues, and
Perspectives (5th ed.). New York: Goodheart-Willcox Publisher. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Manufacturing and Production Enterprises Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Manufacturing and Production Enterprises Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/environmental-studies/1679371-manufacturing-and-production-enterprises
(Manufacturing and Production Enterprises Essay Example | Topics and Well Written Essays - 500 Words)
Manufacturing and Production Enterprises Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/environmental-studies/1679371-manufacturing-and-production-enterprises.
“Manufacturing and Production Enterprises Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/environmental-studies/1679371-manufacturing-and-production-enterprises.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Manufacturing and Production Enterprises

Peter Enterprises

...?TMA 03 Question Answer a) Peter Enterprises Income ment For the Year Ended 31 December 2009 Income from Sales ?3,003,500 Less: Cost of Goods Sold Opening Stock 246,000 Add: Purchases 1,860,500 Less: Ending Stock 287,000 Cost of Goods Sold 1,819,500 Gross Profit ?1,184,000 Expenses Rent & Rates 94,700 Gas & Electricity 28,600 Wages & Salaries 304,000 Motor Expenses 49,500 Professional Fees 12,500 Bank Charges 11,100 Insurance 2,300 Administrative Expenses 12,800 Depreciation Charge for the Year 179,100 Interest on Long Term Loan 45,000 Total Expenses 739,600 Net Profit ?444,400 (b) An income statement represents a company’s activity or performance over a period of time. The income statement is intended to provide...
3 Pages(750 words)Essay

Production Plan for Riordan Manufacturing

...Production Plan for Riordan Manufacturing Introduction & Background For a manufacturing firm allocating international manufacturing output (production or sales) requires an integrated production unit. The unit is to meet the demands of the international customer, which is requiring stabilized production output, effective supply chain deliverance and integrated customer response all at the same time. This study is going to suggest a deliberate production plan for Riordan Manufacturing, which is an international plastic manufacturing firm. The study is going to integrate...
4 Pages(1000 words)Essay

Multinational Enterprises

...on development especially in developing countries, and their implications for international relations and where necessary for Governments to have access to the information in order to facilitate their sovereign decisions and maybe even international action: "Development has little meaning unless it succeeds in eradicating hunger, disease and squalor" - United Nations (1974:3, 28). Anti-globalisation voices argue that Multinational Enterprises (MNEs) are not concerned with development. MNEs tend to accentuate disparities and inequalities in the absence of proper government policies and social. Further, as their products and services target high net worth individuals, their activities are not...
5 Pages(1250 words)Essay

Sykes Enterprises

...Running Head: Case Study Sykes Enterprises and Section # of Current SituationCurrent Performance Sykes Enterprises' current performance, in spite of the economic problems, has been satisfactory. However, its financial performance has fallen short of the expectations of the industry speculations and thus there is a strong reason to re-consider the options available to Sykes to improve profitability and maintain relationships with the different states that have provided Sykes Enterprises with favorable taxation and land deals. Analysis of Strategic Factors Situational Analysis Sykes Enterprises is in a tough scenario: its revenues have not increased over the past periods...
4 Pages(1000 words)Case Study

Sykes Enterprises

...Sykes Enterprises Current Situation Current Performance Sykes Enterprises’ current performance, in spite of the economic problems, has been satisfactory. However, its financial performance has fallen short of the expectations of the industry speculations and thus there is a strong reason to re-consider the options available to Sykes to improve profitability and maintain relationships with the different states that have provided Sykes Enterprises with favorable taxation and land deals. Analysis of Strategic Factors Situational Analysis Sykes Enterprises is in a tough scenario: its revenues have not increased over the past periods and its competitive strategy has not...
4 Pages(1000 words)Essay

Social enterprises

... HERE YOUR HERE HERE HERE Defining the Social Enterprise and Microeconomic Theory A social enterprise is quite different from the profitable corporation that has a main goal of profit generation and growth through commercialism and product/service focus. A business that has a key driver which includes building a positive cash flow and is concerned with return on investment for shareholders attempts to create higher revenues by understanding the external market and the needs of customers. Where the social enterprise differs is that it is usually reliant on donations receipts in order to build cash for expansion and growth, where all proceeds are put toward the enterprise’s main agenda. The main mission and objectives of a social... agenda...
4 Pages(1000 words)Essay

Social Enterprises

.... First, they directly address special needs through their products and services by alleviating human sufferings from the disadvantaged society. As reports notes, it is different from the socially responsible business that strives for a positive change through indirect means such as funding education, building roads, using environmental -friendly raw materials and providing volunteers to aid the society. Furthermore, they are solid vehicles for job creation, economic growth and development in a community. Second, social enterprise use earned revenue strategies such as charitable contributions and public sector subsidies to pursue their aims and visions. The report further points out that social...
1 Pages(250 words)Assignment

Micro enterprises

...DSS in Micro enterprises DSS in Micro enterprises Decision support system is crucial in enhancing the rate at which an organization makes decision, as well as improving the efficiency of the decision making process. Managing the diversity of workforce specializing in decision support system in micro enterprises by the leaders of macro enterprises is not a simple task. The varying experiences, ideas, and viewpoints possessed by different members of the workforce makes their management a challenging task. Thus, to manage effectively the diversity in ideas and viewpoints, the leaders of macro enterprises requires ethical values that will enable them treat...
2 Pages(500 words)Essay

Production Plan for Riordan Manufacturing

...Production Plan for Riordan Manufacturing The company focuses on leading in research and development and exceeding the set standardsby defining the abilities and attitudes of the company. The company believes that it is a leader in the production of polymer material in the provision of solutions to the customer’s problems so as to solve their solutions. The company believes that its research and development department will always remain as the leader especially in the identification of trends that are new in the industry (Luthans, and Avolio, 2006). The company usually strives at providing solutions to their customers and not be part f the customer problems. That means that the company aims at [providing the best relationship... in an...
4 Pages(1000 words)Essay

Manufacturing and Production Enterprises

...CIM Is Not a Specific Technology affiliation CIM Is Not a Specific Technology Computer integrated manufacturing (CIM) isa setting where all essential components of production of a product are integrated (Markert & Backer, 2009). This setting array the most commonly used today strategies in manufacturing including planning, design, manufacturing, packaging and transportation to increase efficiency. CIM is more of a management philosophy of operating than a technology by itself. CIM is not a specific technology that an organization can purchase and install ready to use. It is a process of aggressive and strategic efforts to combine various available...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Manufacturing and Production Enterprises for FREE!

Contact Us