A Rational Study on Strategies Adopted by the Manufacturing Engineering Firms - in Order to Protect their Core Activities while Outsourcing Engineering Design and Product Development – A Paradigm Shift.
Journal Title: International Journal of engineering Research and Applications - Year 2017, Vol 7, Issue 9
Abstract
Rapidly changing and increasingly complex business forces are bringing dynamic shifts in management practices in any type of organisation, whether it may be a production sector or service sector. The advancing of technology, the complexity of business operations and the hunger for constant growth are conditions that require core competencies into many functional areas. This business climate demands companies to be dynamic in managing change in order to maintain their position in this competitive world. To ascertain this dynamism, Outsourcing has helped companies to focus on their core business while the day to day operations is controlled and taken care of by their outsourcing partner. This approach followed was a traditional approach to gain financial leverage and expertise knowledge. But today we can see radical change happening in outsourcing arena. The present paper focuses on outsourcing in engineering design and product development. The arguement raised in this paper is what happens when the crucial activities are outsourced in engineering design and product development whether core skills are lost which is in question. This is a review paper of many case studies which reveals that multi-national companies, which are heavily depending on these independent external agents or outsourcing partners, could see a gradual loss of design and manufacturing abilities when they outsource. So how the outsourcing process should protect these losses; in the process of writing this paper through literature survey we have ascertained that now a days‟, parent organizations in order to keep its product knowledge, process, techniques intact are buying stakes and becoming a partner with their outsourcing agent. Keywords: Core activities, Independent external agents = outsourcing partner, OEM = Original Equipment Manufacturer, CM = Contract manufacturer
Authors and Affiliations
Mr. Sanjivkumar M. Pol, Dr. ShivaShankar K
Keywords
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