Abstract: Manufacturing refers to the several segments that come under the detailed classification of the ISIC divisions, viz. automotive, food, chemical, paper, construction, electronics, etc. The contributors to the GDP can be divided as Agriculture, Industry and Services sector and manufacturing falls under the sector of Industry. It is said that approximately a third of the worlds gross economic output is derived from the manufacturing sector alone.
Abstract: The automotive industry is one of the largest manufacturing industries in terms of scale, revenue as well as processes and is also considered to be one of the largest drivers of economic growth across the globe. This is an industry that has its fulcrum not just on the strength of its manufacturing processes and engineering capabilities, but also on the strength of its parts procurement, assembly lines, supplier and distribution networks, quality testing, etc. to name just a few.
Abstract: The years 2014 and the first half of 2015 have witnessed new records being set in the Aerospace industry, as revenues and profit margins literally soar through the sky and beyond. This is primarily driven by the great year that commercial Aviation has been having, coupled with the changes that have occurred both structurally and strategically in the production, in the value chain, in the engineering processes, in the penetration of new technologies, etc. to name a few factors.
Abstract: The Pharmaceutical industry holds an undeniably important place in the Life Sciences sector world-wide as it is solely responsible for designing and manufacturing lifesaving drugs and medications. The revenue from this industry alone has almost touched USD1 trillion all over the globe, with the United States accounting for as much as 40% of this revenue. In the year 2013, the nexus of the worldwide pharma sector managed to generate a revenue of USD980.1 billion.
Abstract: As customers world-wide clamour for more technologically rich products, be it a car, or a smartphone, manufacturers are having to contend with more complexities while pleasing their customers and staying abreast of competition. Right from conceptualization to design to manufacturing to distribution to after sales to end-of-life, the pressure is always on the manufacturer to deliver products to match the customers ever changing needs.
Abstract: The management of a project or a portfolio of projects also brings along with it the looming threat of risks that could cause an impediment to the smooth rolling out of the projects and the product lifecycle as well. Risks, if not identified at the early stages of the project itself, can lead to significant loss of time, resources and also deter the original objectives of the project.