Justification of advanced manufacturing technologies for small and medium enterprises from auto component sector: AHP approach

Dimple Bhandari, Rajesh Kr Singh and S.K. Garg

International Journal of Productivity and Quality Management, 2018, vol. 23, issue 4, 473-491

Abstract: Small and medium enterprises (SMEs) are considered as engine of economic growth in most of the countries. They need to change themselves with dynamic market requirements. This study tries to justify implementation of advanced manufacturing technologies (AMTs) in small and medium enterprises (SMEs) from auto component sector. The seven major benefits of using AMTs are identified from literature and expert's opinion. These are improvement in flexibility, reduction in production cost, inventory reduction, lead time reduction, delivery on time, productivity improvements and innovative products. Global desirability index of SMEs with AMTs and traditional manufacturing is calculated and compared with the help of AHP. It is observed that AMTs-based production systems have more global desirability index as compared to traditional manufacturing systems. Therefore findings imply that SMEs can improve their performance by judicious application of AMTs in their processes.

Keywords: advanced manufacturing technology; analytic hierarchy process; AHP; small and medium enterprises; SMEs; productivity improvement; competitive advantage. (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=90260 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpqma:v:23:y:2018:i:4:p:473-491

Access Statistics for this article

More articles in International Journal of Productivity and Quality Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().