The phrase 'Think Global, Act Local' was first used in the context of environmental challenges - in order to improve our impact on the environment, it is more effective for an individual to reduce their own energy consumption than wait for global action. But what about in the context of business? Big companies such as McDonalds and Honda are successful on a global scale, but their products have to be tailored to the requirements of individual countries. Julian Amey, Principal Fellow at Warwick Manufacturing Group, argues that the key is not only to 'think global, act local', but also to 'share and network totally'.
Source: https://warwick.ac.uk/newsandevents/knowledge/socialscience/thinklocal/
Field/Sector: Managerial practices
Year: 2010
Publisher:
Language: english
Copyright: yes
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A flexible manufacturing system (FMS) is a manufacturing system in which there is some amount of flexibility that allows the system to react in the case of changes, whether predicted or unpredicted. The main advantages of an FMS is its high flexibility in managing manufacturing resources like time and effort in order to manufacture a new product.
Source: https://www.pdffiller.com/406621146-TOTH-TASCAU-Mirela-L3pdf-Fascicle-of-Management-and-Technological-Engineering-Volume-IX-XIX-2010-NR2-
Field/Sector: Manufacturing
Year: 2010
Publisher: University of Oradea
Language: english
Copyright: yes
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Micro-manufacturing has received good attention globally in terms of its manufacturing methods/processes. One of the most popular micro-manufacturing processes is micro-forming. Many efforts have been focused on micro-forming, mainly on the micro-stamping process due to the process itself contributing numerous products, especially in its conventional macro-process.
Source: https://www.sciencedirect.com/science/article/pii/S1877705813002051
Field/Sector: Manufacturing
Year: 2013
Publisher: University Malaysia Perlis
Language: english
Copyright: yes
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Technology isn’t standing still. But while all of us are used to the rapid pace of change of IT, it might be a surprise to realise just how much ordinary manufacturing technologies are changing, as well. In many instances, that innovation is of course down to leveraging manufacturing technologies with IT capabilities. In other cases, while IT plays a role, the core underlying manufacturing technology represents a genuine advance. But in every case, the technologies that I’m showcasing here are either already being adopted, or close to being ready for mass adoption. And, what’s more, with a clear and evident ROI.
Source: https://www.themanufacturer.com/articles/five-innovative-manufacturing-technologies/
Field/Sector: Manufacturing
Year: 2017
Publisher:
Language: english
Copyright: yes
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