Innovation in Manufacturing

Innovation in ManufacturingKPMG IN INDIAAs India emerges as a centre for services and value-added Manufacturing (sectors where there is a significant design & engineering content), companieshave to compete for increasingly scarce human resources. The looming skillsshortage and the higher perceived sense of glamour attached to the Serviceseconomy, places much more pressure on the Manufacturing sector - both tocompete for resources and also manage the fallout of increasing wage in Manufacturing have traditionally been lower than the Services sector,level-for-level, but that differentiation now has almost vanished. Additionally, therelatively higher margins in the services economy greatly impede the ability ofthe Manufacturing sector to pay comparable wages. Therefore one finds thatIndian Manufacturing dominance tends to converge towards those sectorswhere margins, design & engineering content, and degree of customization ishigher - like Pharma, Auto, Auto components, high-end Textiles, only way Manufacturing companies can face up to these challenges isthrough more and more Innovation , that can improve efficiency, margins, andproduct looked at the area of Innovation in Manufacturing and is presentingsome i

Innovation in manufacturing processes Companiescaninnovateinthewayproductsaredevelopedormanufactured, eitherwithinthefirmoracrossthesupplychain.Suchinnovationsaretermed

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  Innovation, Manufacturing, Innovation in manufacturing

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