Manufacturing in a post-industrial society

Willy S. Herroelen and Marc R. Lambrecht

European Management Journal, 1989, vol. 7, issue 2, 182-188

Abstract: Manufacturing has been in a state of extraordinary turmoil. The world's manufacturing output is increasingly crossing national borders. Marketing pressures call for flexible systems which are in contrast with large volume production of standardized products. Companies are capitalizing on time as a critical source of competitive advantage. Accounting practice is reaping the benefits of renewed cost allocation strategies. New manufacturing planning and control systems, flexible automation and computer integrated manufacturing are major driving forces of the factory of the future. In order to cope with these major changes and in order to restore their competitive position, companies must compete through manufacturing. In this paper we analyze the major driving forces of manufacturing revival and analyze the fundamentals of a low-cost, market-driven manufacturing strategy.

Date: 1989
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