Manufacturing companies need to ensure sustainable growth and profitability in today's global and competitive economy. Cost management is the primary reason for out sourcing jobs to "low cost" countries however increasing amount of automation is also changing the dynamic ..... read on
A mobile phone manufacturer that already utilizes automated production lines, Changying Precision Technology Company in China. The manufacturing facility employed 650 employees, company has embarked on the "Robot Revolution" and now employs just 60 employees, robots performing the tasks of rest of the human workers. Company states that full implementation will result in the entire operation being supported by no more than 20 employees.
#industry40 tranformation is very similar to LEAN transformation and hence companies can use similar strategies to achieve untapped productivity and profitability gains