EM - Efficient Manufacturing - July 2022

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The manufacturing sector holds a special mention in the economic
development of the Indian economy. Therefore, the manufacturing space
is in a continuous spree of adopting integrated approaches to overcome
challenges in uplifting business operations.
Uplifting operations also ensures that the industry is at par with the
global landscape and is competitive with its technological breakthrough.
This echoes the ambitious target of the Indian government to achieve
a $1 trillion manufacturing economy in the coming years. To reach
such heights, the manufacturing sectors also need to apply cloud
technologies that help maximize efficiency and lowers costs.
Here comes the importance of eradicating obsolescence threats that
leads to product, process, or technology pitfalls. Thus, crisis management,
because of such unpredictable episodes, must be intelligently accounted
in the overall inventory management plans, policies, and practices. This
also highlights the Look, Listen and Feel (LLF) maintenance technique
that increases the dependability of machinery equipment.
On similar lines, the Cover Story in this issue, features such threats
and explains the importance of choosing the right supplier to ensure
quick obsolete replacement. In addition, with technological advancement
on the rise, 5G is becoming a game changer. According to experts, 5G
provides endless opportunities for industries to grow and implement
various currently developing technologies in the most effective way.
Such enhancements and practices help towards making India the next
global manufacturing hub!
Considering such developments, EM will continue capturing and
circulating the right information, facilitating manufacturing enterprises,
identify and apply new technology adoption strategies to move their
business forward towards a brighter future.