Integrated portfolio planning of products and production systems

Abstract

Purpose – The purpose of the research presented is to analyse and discuss critical challenges related to the development of a production system portfolio. Design/methodology/approach – The study employs a longitudinal case study of an industrialization project at a global supplier in the automotive industry. Findings – This research makes two clear theoretical contributions. First, it extends the existing research on the manufacturing and R&D interface by proposing an innovative structure for production system development facilitating manufacturing companies in their efforts of being fast and cost-effective when introducing new products to the market. Second, this research identifies challenges related to the adoption of a production system portfolio and the necessary actions of a manufacturing company applying such a portfolio strategy. Research limitations/implications – The findings should be seen as a first attempt at assisting the development of a production system portfolio that matches the product portfolio. However, since the findings are based on only one case, the findings are to some extent context-specific and thus need to be complemented by more research. Practical implications – The research unveils challenges related to production system development and provides managers with a better understanding of some of the implications of the adoption of a portfolio strategy. Originality/value – This empirical study is among the first to explore the implications of a production system portfolio strategy. It advances the understanding towards a fully integrated product and production system development.

Enablers for Competitiveness of Indian Manufacturing Sector: An ISM-Fuzzy MICMAC Analysis

“…Over the past three decades, most of the researchers and practitioner described manufacturing competitiveness like cost, quality, delivery, etc. that has given less important now a days but need to be adequately highlighted during the next decade are innovativeness (Raymond et al, 2014;Lau et al, 2013), research and development (Bruch et al, 2014;Lööf et al, 2014) and supply chain coordination (Hugos, 2011;Hilletofth, 2011) etc.…”

“…Continuous Improvement responsible to increase successes and reduce failures" The basic fundamental of CI is the improvement of quality or process, or both, in order to minimize the waste, shorten the production line and improve quality. Research and Development Anwar et al (2014), Bruch et al (2014), Lööf et al (2014), Balcombe et al (2005).…”

“…have not not much sufficient relevant to obtain the competitive performance issues for today's competitive environment (Liu, 2013;Bierly, 2007). Nowadays, the business environment is rapidly changing because of enhancing global inter-connectivity, growing demand for innovation (Raymond et al, 2014;Lau et al, 2013) and technology (Rahman, 2001;Kleindl, 2000), new product development (Bruch et al, 2014;Schrettle et al, 2014;Sonia and Francisca, 2005). The need of the hour is for innovation (Raymond et al, 2014;Lau et al, 2013;Yam et al, 2011;Rahman, 2001), effective technologies (Liu, 2013), manufacturing flexibility (Hung et al, 2014, Vokurka et al, 2000, and reconfiguration of capabilities on the manufacturing sectors (Chengen, 2000).…”

Toyota production system - one example to shipbuilding industry

“…Thus, this process should also be inserted in the supply chain of a client, otherwise it would have difficulties in gaining competitive advantage over the competitor. It is also essential to integrate innovative business strategy of a company and its partners (ZU; KAYNAK, 2012;OTA;HAZAMA;SAMSON, 2013;FOX, 2013;PÉRY;AGERON;NEUBERT, 2013;OKE, 2013;DEKKERS;KÜHNLE, 2012;SÄFSTEN, et al, 2014;BRUNCH;BELLGRAN, 2014; KAFETZOPOULOS; : 10.14807/ijmp.v8i3.626 PSOMAS, 2015;THEYEL;HOFMANN, 2015;WALLIN;PARIDA;ISAKSSON, 2015;CHEN;SU;RO, 2017;KAMALAHMADI;PARAST, 2017).…”

“…Factors such as financial sustainability, ways of relating to their supply chain and customers, reliability and recognized quality of products and service are key points that shall be taken into consideration when making strategic decision for a Innovation means that industries can gain competitive advantages in their segments. Thus, it is essential that companies make investment as a way to stand out from competitors and gain recognition (OTA; HAZAMA; SAMSON, 2013;FOX, 2013;OKE, 2013;DEKKERS;KÜHNLE, 2012;SÄFSTEN, et al, 2014;BRUNCH;BELLGRAN, 2014;KAFETZOPOULOS;PSOMAS, 2015;THEYEL;HOFMANN, 2015;WALLIN;PARIDA;ISAKSSON, 2015).…”