Advance manufacturing strategy and firm performance

2017 ◽  
Vol 24 (1) ◽  
pp. 62-101 ◽  
Author(s):  
Balkrishna Eknath Narkhede
Keyword(s):  
Firm Performance ◽  
Business Performance ◽  
Manufacturing Systems ◽  
Organizational Knowledge ◽  
Advanced Manufacturing ◽  
Manufacturing Strategy ◽  
Content Type ◽  
Medium Scale ◽  
Study Approach ◽  
Manufacturing Technologies

Purpose The purpose of this paper is to assess the implications of organizational knowledge, source of information and functional orientation, resource-based view of the manufacturing and global orientation, on manufacturing practices which include advanced manufacturing strategies. Design/methodology/approach An empirical study approach has been used to assess the implications of advanced manufacturing strategies on firm performance. Findings This paper provides a framework for managers to: assess competitive priorities of the industry; identify order winners for the industry; identify key decision areas or practices for improvements; and to assess the role of implications of organizational knowledge on the manufacturing practices. Research limitations/implications The limitations are as follows: the issue of organizational knowledge and learning is assessed from manufacturing view point only; plants located all over India are considered for study; and considers plants employing different manufacturing systems and products. Practical implications Saturated with the conventional manufacturing technologies, a growing number of small- and medium-scale industries began to explore advanced manufacturing technologies (AMTs). Investment in AMTs remains a promising but potentially risky venture. This paper helps the small- and medium-scale industries to adopt viable AMTs and business performance strategies and then provides guidelines for enhancing their competitiveness. Social implications This paper may help all the stakeholders of small- and medium-scale industry. Originality/value This paper is based on one of the few studies conducted to assess the implications of advanced manufacturing strategies on firm performance in Indian scenario.

Linkages in Advanced Manufacturing Strategy

2018 ◽  
pp. 359-388
Author(s):  
Balkrishna Eknath Narkhede
Keyword(s):  
Business Strategy ◽  
Business Performance ◽  
Manufacturing Sector ◽  
Advanced Manufacturing ◽  
Manufacturing Strategy ◽  
Industrial Manufacturing ◽  
Business Excellence ◽  
Advanced Manufacturing Technologies ◽  
Manufacturing Organizations ◽  
Manufacturing Technologies

Manufacturing is crucial for the robust growth of the economy, for exports and for generating substantial relevant employment. Manufacturing is a force multiplier; it means investment in manufacturing yields four times the effect on Gross Domestic Product (GDP) growth. The core manufacturing sector comprises engineering and construction, industrial manufacturing, materials and commodities, chemicals and plastics, and automotive. In today's era of globalization and competition, business excellence is important, which needs coordination between business and manufacturing strategy. Based on a systematic review of published articles from 1982 to 2012, the present paper proposes and discusses a framework which brings together a set of variables related to the manufacturing strategies and advanced manufacturing technologies and the internal contextual factors driving it. The purpose of this literature review is to investigate the adoption of manufacturing strategies and it is observed that strategic alignment of competitive priorities with business strategy improves the business performance of the manufacturing organizations.

Business excellence via advanced manufacturing technology and lean-agile manufacturing

2018 ◽  
Vol 29 (1) ◽  
pp. 2-24 ◽  
Author(s):  
Morteza Ghobakhloo ◽  
Adel Azar
Keyword(s):  
Business Performance ◽  
Manufacturing Systems ◽  
Hybrid Approach ◽  
Agile Manufacturing ◽  
Manufacturing Technology ◽  
Equation Modeling ◽  
Future Research ◽  
Advanced Manufacturing Technology ◽  
Advanced Manufacturing ◽  
Content Type

Purpose The purpose of this paper is to contribute to the existing knowledge about the relationships between advanced manufacturing technology (AMT), lean manufacturing (LM), agile manufacturing (AM), and business performance. Design/methodology/approach A questionnaire-based survey was performed to collect data from 189 Iranian automobile part manufacturers. Statistical analysis of hypothesized relationships was conducted via partial least squares structural equation modeling. Findings AMT significantly contributes to the development of both LM and AM. These manufacturing systems can co-exist in one system, and LM is a precursor to AM. LM contributes to operational performance whereas AM improves marketing performance and financial performance. Research limitations/implications Relying on the cross-sectional data of this research, and lack of generalizability of findings are key limitations. An interesting direction for future research would be to empirically offer a hybrid lean-agile approach and further map the mechanism through which this hybrid approach can be achieved in practice. Practical implications Both LM and AM are information-intensive and highly supported by AMT. They contribute to different aspects of business performance. Pursuing both cost-leadership strategy and product mix flexibility is viable via hybridizing the lean and agile systems. Originality/value This study is among the first to address issues related to the lean-AM relationship among developing countries. This study is unique in the sense it shows the mechanism through which the value of AMT is truly transformed to performance improvement.

A double-DEA framework to support decision-making in the choice of advanced manufacturing technologies

2018 ◽  
Vol 56 (2) ◽  
pp. 488-507 ◽  
Author(s):  
Corrado lo Storto
Keyword(s):  
Decision Making ◽  
Manufacturing Systems ◽  
Composite Indicator ◽  
High Order ◽  
The Body ◽  
Advanced Manufacturing ◽  
Content Type ◽  
Advanced Manufacturing Technologies ◽  
Dea Models ◽  
Manufacturing Technologies

Purpose The purpose of this paper is to propose a methodological framework that combines several data envelopment analysis (DEA) models to deal with the problem of evaluating and ranking advanced manufacturing technologies (AMTs) without introducing any subjectivity in the analysis. Design/methodology/approach The methodology follows a two-phase procedure. First, the relative efficiency of every technology is calculated by implementing different DEA cross-efficiency models generating the same number of high-order indicators as efficiency vectors. Second, high-order indicators are used as outputs in a SBM-DEA super-efficiency model to obtain a comprehensive DEA-like composite indicator. Findings The framework is implemented to evaluate a sample of flexible manufacturing systems. Comparing it to other methods, results show that the methodology provides reliable information for AMTs selection and effective support to management decision-making. Originality/value This paper contributes to the body of knowledge about the utilization of DEA to select AMTs. The framework has several advantages: a discriminating power higher than the basic DEA models; no subjective judgment relative to weights necessary to aggregate single indicators and choice of aggregation function; no need to perform any transformation normalizing original data; independence from the unit of measurement of the DEA-like composite indicator; and great flexibility and adaptability allowing the introduction of further variables in the analysis.

Embracing advanced manufacturing technologies for performance improvement: an empirical study

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rajesh Kumar Singh ◽  
Amulya Gurtu
Keyword(s):  
Business Performance ◽  
New Technologies ◽  
Successful Implementation ◽  
Advanced Manufacturing ◽  
Management Support ◽  
Content Type ◽  
Strategic Issues ◽  
Advanced Manufacturing Technologies ◽  
Manufacturing Organizations ◽  
Manufacturing Technologies

PurposeThis study has analyzed strategic issues in implementing advanced manufacturing technologies (AMTs) in manufacturing organizations in India and their relative importance.Design/methodology/approachA survey of manufacturing organizations was conducted, and the data were analyzed using statistical tools (one-sample t-tests, correlation and regression analyses).FindingsImprovement in product quality and flexibility of operations are the motivation for AMTs implementation. Top management support and sound financial conditions are essential for implementing AMTs. Successful implementation of AMTs helps in reducing the lead time and improving overall business performance.Research limitations/implicationsThe findings of this study will help organizations in the implementation of AMTs for improving productivity and business performance. The study is limited to manufacturing organizations in India.Practical implicationsOrganizations should allocate sufficient funds for AMT applications. Organizational culture should be made conducive to the adoption of new technologies. Employees should be provided adequate training for its successful implementation.Originality/valueThe main contribution of this paper is that it provides a detailed analysis of strategic issues for implementing AMTs in manufacturing organizations.

Linkages in Advanced Manufacturing Strategy

2016 ◽  
Vol 3 (1) ◽  
pp. 30-55 ◽  
Author(s):  
Balkrishna Eknath Narkhede
Keyword(s):  
Business Strategy ◽  
Business Performance ◽  
Manufacturing Sector ◽  
Advanced Manufacturing ◽  
Manufacturing Strategy ◽  
Industrial Manufacturing ◽  
Business Excellence ◽  
Advanced Manufacturing Technologies ◽  
Manufacturing Organizations ◽  
Manufacturing Technologies

Manufacturing is crucial for the robust growth of the economy, for exports and for generating substantial relevant employment. Manufacturing is a force multiplier; it means investment in manufacturing yields four times the effect on Gross Domestic Product (GDP) growth. The core manufacturing sector comprises engineering and construction, industrial manufacturing, materials and commodities, chemicals and plastics, and automotive. In today's era of globalization and competition, business excellence is important, which needs coordination between business and manufacturing strategy. Based on a systematic review of published articles from 1982 to 2012, the present paper proposes and discusses a framework which brings together a set of variables related to the manufacturing strategies and advanced manufacturing technologies and the internal contextual factors driving it. The purpose of this literature review is to investigate the adoption of manufacturing strategies and it is observed that strategic alignment of competitive priorities with business strategy improves the business performance of the manufacturing organizations.

Board gender diversity: performance and risk of Brazilian firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mauro Mastella ◽  
Daniel Vancin ◽  
Marcelo Perlin ◽  
Guilherme Kirch
Keyword(s):  
Firm Performance ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
Ordinary Least Squares ◽  
Firm Risk ◽  
Content Type ◽  
Study Approach ◽  
Female Presence ◽  
Board Gender Diversity ◽  
The Impact

Purpose This study aims to intend to check if female board representation affects performance and risk and to analyse the evolution of the demographic aspects of the presence of women on boards in Brazil. Design/methodology/approach The authors used a sample of 150 Brazilian publicly traded companies from 2010–2018, with different measures of firm performance, firm risk and women’s presence on the board. The study approach is based on a set of ordinary least squares, quantile and panel data regressions. Findings The presence of women on the board has a positive effect on all of our accounting and market performance measures. However, the result of the impact on risk is not conclusive. The study also found that the number of females on the board has a more significant effect at the lower levels of firm performance measured by return on equity, but at the higher levels when measured by Tobin’s Q. Regarding return on assets, the more significant effect happened on the extremes of the performance distribution. The study findings point that market investors place more value in female presence on the board than in director positions. Originality/value By estimating the impact of women’s presence on the boards of directors in firm performance and risk, this study aimed to verify this impact in different aspects of the company. In addition, the authors did so in a sample with many years, making it possible to evaluate the historical evolution of the feminine presence in the boards of administration as well as in the groups of directors, assisting Brazilian legislators with new evidence about the possible impacts of Draft Law 7179/2017.

Selection of lean manufacturing systems using the PROMETHEE

2008 ◽  
Vol 3 (1) ◽  
pp. 40-70 ◽  
Author(s):  
G. Anand ◽  
Rambabu Kodali
Keyword(s):  
Decision Making ◽  
Lean Manufacturing ◽  
Manufacturing Systems ◽  
Strategic Decision ◽  
Computer Integrated Manufacturing ◽  
Preference Ranking ◽  
Manufacturing Strategy ◽  
Manufacturing Companies ◽  
Content Type

PurposeIn recent years, many manufacturing companies are attempting to implement lean manufacturing systems (LMS) as an effective manufacturing strategy to survive in a highly competitive market. Such a process of selecting a suitable manufacturing system is highly complex and strategic in nature. The paper aims to how companies make a strategic decision of selecting LMS as part of their manufacturing strategy, and on what basis such strategic decisions are made by the managers.Design/methodology/approachA case study of a small‐ and medium‐sized enterprise is presented, in which the managers are contemplating on implementing either computer integrated manufacturing systems (CIMS) or LMS. To supplement the decision‐making process, a multi‐criteria decision making (MCDM) model, namely, the preference ranking organisation method for enrichment evaluations (PROMETHEE) is used to analyse how it will impact the stakeholders of the organisation, and the benefits gained.FindingsAn extensive analysis of PROMETHEE model revealed that LMS was the best for the given circumstances of the case.Research limitations/implicationsThe same problem can be extended by incorporating the constraints (such as financial, technical, social) of the organisation by utilising an extended version of PROMETHEE called the PROMETHEE V. Since, a single case study approach has been utilised, the findings cannot be generalized for any other industry.Practical limitations/implicationsThe methodology of PROMETHEE and its algorithm has been demonstrated in a detailed way and it is believed that it will be useful for managers to apply such MCDM tools to supplement their decision‐making efforts.Originality/valueAccording to the authors’ knowledge there is no paper in the literature, which discusses the application of PROMETHEE in making a strategic decision of implementing LMS as a part of an organisation's manufacturing strategy.

Contribution of green manufacturing for realizing business performance in Indian small and medium scale organizations (SME’s)

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mahakdeep Singh ◽  
Kanwarpreet Singh ◽  
Amanpreet Singh Sethi
Keyword(s):  
Business Performance ◽  
Discriminant Validity ◽  
Statistical Tests ◽  
Pearson Correlation ◽  
Green Manufacturing ◽  
Statistical Testing ◽  
Content Type ◽  
Medium Scale ◽  
Green Practices ◽  
Significant Factors

Purpose The current manuscript is focused on evaluating the capabilities of green practices that affect various business performance (BP) parameters of small and medium scale Indian manufacturing enterprises (SME’s). This study aims to obtain multiple significant factors that influence the implementation of green practices. Design/methodology/approach The manuscript focuses on statistical testing of responses obtained from 168 Indian SMEs to determine the relationship between input parameters and BP parameters. This paper starts with deploying tests such as Cronbach alpha and inter-item covariance test to obtain confidence in data collected, followed by various statistical tests such as Pearson correlation, multiple regression, canonical correlation to extract various significant factors the study. Further Games-Howell post hoc test is deployed to evaluate the significant improvements in BP gained over a reasonable duration of time. Finally, a discriminant validity test is used to find out the success or failure of the organizations that participated in the survey. Findings This research contributes to the holistic effect of green manufacturing (GM) toward gaining improvements in terms of different BP parameters taken for the study. It has been found that various input factors such as customer attributes, adoption of new technology, social pressure and government pressure are the main parameters for GM implementation. Further, it is observed that those at the maturity phase of GM implementation are reaping higher benefits than the organizations at the transition and stability phase. Originality/value The current study has been accomplished in Indian SME manufacturing organizations to investigate the effects of GM implementation in the organization. Although research findings imply the effective use of green practices within the organization to reap BP parameters and improve the market’s competitive image, the study cannot be generalized and can be used as an insight for both academicians and end-users in understanding the overall achievements of GM.

Lean manufacturing practices and performance: the role of social and technical factors

2019 ◽  
Vol 37 (5) ◽  
pp. 732-754 ◽  
Author(s):  
Saumyaranjan Sahoo
Keyword(s):  
Lean Manufacturing ◽  
Business Performance ◽  
Manufacturing Systems ◽  
Equation Modeling ◽  
Performance Parameters ◽  
Content Type ◽  
Lean Practices ◽  
The Social ◽  
And Performance ◽  
The Relationship

Purpose Modern manufacturing systems require tools and techniques that take cognizance of the social (concerning people and relations) as well as the technical environment. The purpose of this paper is to explore the relationship between the social and technical aspects of lean manufacturing practices and their effects on business performance outcomes. Design/methodology/approach The hypothesized relationships for this study are tested with data collected from 148 Indian manufacturing firms by using SPSS and AMOS statistical software. Findings The analysis of the study was conducted using structural equation modeling (SEM) technique, which indicated that both “soft” and “hard” lean practices are positively related to business performance parameters. The findings also demonstrated that “hard” lean practices fully mediate the relationship between “soft” lean practices and business performance parameters. Research limitations/implications There are some limitations of this study. Although a cross-sectional survey has been applied, the research does not permit us to account for the lag between implementation and performance. It also brings the opinion of a limited number of Indian experts about lean manufacturing systems; hence, the sample size could be increased and the nationality of the respondent could be expanded for future research. Practical implications The paper would be of interest to Lean practitioners, and the results of this study can be used in organizations to put a focus on social-cultural changes while applying lean technical tools when it comes to practices as well as importance. Originality/value This paper extends theoretical contribution in production and operations management literature, highlighting how social and technical practices have to interact to enable a successful lean manufacturing implementation.

A spatio-temporal analysis of non-farm enterprise performance in Uganda: 2010-2012

2016 ◽  
Vol 7 (4) ◽  
pp. 535-546
Author(s):  
Nkechi Srodah Owoo
Keyword(s):  
Firm Performance ◽  
Information Exchange ◽  
Business Performance ◽  
Spillover Effects ◽  
Developed Countries ◽  
Enterprise Performance ◽  
Content Type ◽  
Space And Time ◽  
Knowledge Transfers ◽  
Spatio Temporal

Purpose Recent research into enterprise performance has focussed on the importance of firm proximity to total productivity. Using spatial correlation of firm performance as a proxy for knowledge transfers and diffusion, the purpose of this paper is to examine the evidence for these spatial effects in non-farm enterprise performance in Uganda, across space and time. Design/methodology/approach The author uses data from the geo-referenced Uganda National Panel Survey from 2010 to 2012, and employs explicit spatial techniques in the analysis of rural non-farm enterprise performance. Spatial autocorrelation of firm performance are used as proxies for knowledge transfers and information flows among enterprises across space and over time. Findings The study finds evidence of spatial spillover effects across space and time in Uganda. This implies that, as existing studies of developed countries have found, social infrastructure and firm proximity contribute significantly to the performance of rural economies, through information exchange and knowledge transfers. Practical implications Given the communal nature of rural households in the African setting, knowledge exchange and transfers among neighbouring firms should be encouraged as studies have found they have strong effects on business performance. Additionally, business “leaders” could also be useful in disseminating useful new technologies and applications to neighbouring enterprises in order to boost performance and productivity. Social implications There should be better targeting of policy interventions to clusters of particularly needy enterprises. Originality/value To the best of the author’s knowledge, this is the first time that spatio-temporal effects of business performance have been explored. While spatial analyses of business performance have been carried out in developed countries, studies using explicit spatial techniques in the developing country setting have been conspicuously absent.

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