Managing Risk in Advanced Manufacturing Technology

Identification of barriers in the implementation of AMTs in the SMEs of northern India using AHP–TOPSIS approach

“…These can be due to various factors like lack of resources, management, employees, workers, knowledge and methods. The below-mentioned barriers were considered after a rigorous literature review in various contexts: high cost involved (Chan et al , 2015; Singh et al , 2013; Singla et al , 2018); lack of appropriate financial resources (Singh et al , 2013; Singla et al , 2018; Thomas et al , 2008); risk of failure to achieve financial targets (Khaparde, 2012); lack of skilled personnel (Mannan and Khurana, 2012; Singh et al , 2013); lack of information on markets (Mannan and Khurana, 2012; Singh et al , 2013); lack of information on new technologies (Singh and Khamba, 2011; Singh et al , 2013); lack of training facilities (Chung and Swink, 2009; Singh and Khamba, 2011; Singh et al , 2013); technology obsolescence (Singh et al , 2013; Singla et al , 2018); lack of R&D facilities (Singh et al , 2013); poor organizational structure (Singh et al , 2013; Thomas et al , 2008); lack of supplier/vendor competencies (Hottenstein and Dean, 1992; Singh et al , 2013; Sohal, 1997); poor sourcing practices (Singh et al , 2013); resistance to change within the industry (Singh et al , 2013); unsupportive top management (Singh et al , 2013); location of the plant (Singh et al , 2013); long tenure of top management/static governance (Khaparde, 2012); equipment failure or malfunction (Khaparde, 2012); reliability of new technology (Ndubisi, 2012); lack of leadership/support for innovation (Khaparde, 2012); comfort level – effect of disruption (Goulding et al , 2007); time required to make changes and adjust (Mannan and Khurana, 2012); understanding of and ability to implement (Khaparde, 2012); social implications – changes in collaboration communication styles (Khaparde, 2012); current processes or procedures (Atkin et al , 2017); budgetary priorities; difficulty/availability/time for training (Khaparde, 2012); resistance to learning new technology (Singh and Khamba, 2011); work stress/overload; proof of value; use acceptance (Khaparde, 2012); and...…”