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Colt's Manufacturing Company - Assignment Example

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Information technology also enhances the use of six sigma and lean production, which reduces the cost of production and limits wastage during production. This paper will elaborate three most promising avenues for achieving best practices within Colt's Manufacturing Company…
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Colts Manufacturing Company
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Download file to see previous pages Colt's Manufacturing Company is an American manufacturing company that deals with the manufacture of firearms. Samuel Colt founded it in the year 1836. It makes both civilian and military firearms mainly used in America and other countries (Houze, Cooper, Kornhauser, & Colt, 2006). The companies most popular products include single action army, colt walker, Colt Commando, M4 carbine and colt python. The company mainly targets the United States of America government and the civilians. The company serves both the local and international firearms markets.
The company split into two in the year 2002. Colt Manufacturing Company mainly deals with the civilian market while Colt Defense serves the law enforcement countries (Houze, Cooper, Kornhauser, & Colt, 2006). The separation mainly helps in increasing the quality of the products by encouraging specialization. It also enabled the company to clearly assess the performance of the two branches of their productions. This is always done with the aim of maximizing the income through separate management and attracting more investors. A company split up can also take place under the government orders mostly due to concern about monopolistic practices.
The Colt's Manufacturing Company highly encourages creativity and innovation in their productions. It is due to this, that they have come up with many firearm designs over their many years in operation. It is also due to this innovation that they have managed to have a tight grip on the firearms production industry making it hard for the survival of new entrants (Groover, 2010). Innovation has also seen them come up with firearm designs that have been termed as way past their time. The Colt’s manufacturing Company mainly uses iron, brass, fiberglass, wood, ceramics, aluminum magnesium, zinc, and steel as their major raw material. Local companies either supply these materials and others imported from foreign countries (Houze, Cooper, Kornhauser, & Colt, 2006). They also reuse some of the local materials as a way of reducing the material price. The company has a huge number of qualified employees who are charged with responsibility of transforming the raw materials into finished products. The machines and equipment that are available at the company for the sake of manufacturing always help the employees. These equipments include gunsmithing lathe, drill presses, riveters, propane torches, rifling cutters; paint both, crimp tools and various others. The company also relies a lot on its researches department, which always makes sure that the necessary information is available. The Colt’s manufacturing Company greatly relies on technology and innovation maintaining their market relevance. The innovation is evident in the encouragement and support they give to their employees during the designing period. Apparently, the company has had many designs that do not make it to the market. This exhibits the level of tolerance that the company accords the designers. The fact that some of the designs by the company have been considered to be way ahead of their time show just how much the level of innovation in the company is high. The company has also avails all the resources and information that the designers might need during the process. The company has highly invested in technology. The development process is enhanced by the use of various machines that facilitate uniformity, quality standards and eliminates the possibility of defects. Such machines include the ones mentioned above. The company ...Download file to see next pagesRead More
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