The adoption of Advance Manufacturing Technology (AMT) requires careful planning at each level of... more The adoption of Advance Manufacturing Technology (AMT) requires careful planning at each level of organization due to large capital investments involved in newer technology. It has been seen in many cases that the AMTs have improved the firm's peformances, however according to recognized practitioners there is still a possibility of project failure due to adoption of this new technology. Hence it is always practiced to identify the major success factors that influence the adoption of AMTs. This study proposes a hybrid model for AMT justification which takes account thirteen factors and their relative importance in the justification phase. The justification phase comprises of three sub-phases: identification of critical factors; calculation of priority weights and ranking of critical factors and determination of possibility of successful adoption of the technology. The results showed that in order to have fruitful result from AMT investment, the strategic issues, technology transfer and continuous support of management should be properly organized to avoid the barriers in successful adoption of advance technologies.
Indian MSMEs constitute ninety percent of total number of industrial enterprises and thus fosteri... more Indian MSMEs constitute ninety percent of total number of industrial enterprises and thus fostering the employability in India. The major advantage of this sector is it's contribution in industrial production and export. However in spite of their positive outlook towards industrial growth, these enterprises are facing technological obsolescence. The imminent need of these enterprises is technological innovations to make them competitive and survive in the global market. The solution for technological innovation aspects is use of latest automated manufacturing technologies that efficiently utilizes the resources and hence the entire chain of production. The decision of opting Advance Manufacturing Technologies (AMTs) in enterprises with limited capital resources is rather difficult as it is the question of not only the nation's economy but employability expectations of people. The objective of this paper is to assist the mangers on a systematic framework that will answer how to perform the decision making process of adopting the AMTs in their enterprises. The key factors that one should considers while making this crucial decision are: Strategic aspects, organization structure, hands on training, implementation practices etc. A total 14 factors are considered in this study and these are modelled based on their level of priorities using Total Interpretive Structural Modelling (TISM). The model derived in this research will be helpful for manufacturing practitioners for making decisions on adopting AMTs.
The adoption of Advance Manufacturing Technology (AMT) requires careful planning at each level of... more The adoption of Advance Manufacturing Technology (AMT) requires careful planning at each level of organization due to large capital investments involved in newer technology. It has been seen in many cases that the AMTs have improved the firm's peformances, however according to recognized practitioners there is still a possibility of project failure due to adoption of this new technology. Hence it is always practiced to identify the major success factors that influence the adoption of AMTs. This study proposes a hybrid model for AMT justification which takes account thirteen factors and their relative importance in the justification phase. The justification phase comprises of three sub-phases: identification of critical factors; calculation of priority weights and ranking of critical factors and determination of possibility of successful adoption of the technology. The results showed that in order to have fruitful result from AMT investment, the strategic issues, technology transfer and continuous support of management should be properly organized to avoid the barriers in successful adoption of advance technologies.
Indian MSMEs constitute ninety percent of total number of industrial enterprises and thus fosteri... more Indian MSMEs constitute ninety percent of total number of industrial enterprises and thus fostering the employability in India. The major advantage of this sector is it's contribution in industrial production and export. However in spite of their positive outlook towards industrial growth, these enterprises are facing technological obsolescence. The imminent need of these enterprises is technological innovations to make them competitive and survive in the global market. The solution for technological innovation aspects is use of latest automated manufacturing technologies that efficiently utilizes the resources and hence the entire chain of production. The decision of opting Advance Manufacturing Technologies (AMTs) in enterprises with limited capital resources is rather difficult as it is the question of not only the nation's economy but employability expectations of people. The objective of this paper is to assist the mangers on a systematic framework that will answer how to perform the decision making process of adopting the AMTs in their enterprises. The key factors that one should considers while making this crucial decision are: Strategic aspects, organization structure, hands on training, implementation practices etc. A total 14 factors are considered in this study and these are modelled based on their level of priorities using Total Interpretive Structural Modelling (TISM). The model derived in this research will be helpful for manufacturing practitioners for making decisions on adopting AMTs.
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