Summary
Despite few studies on the production philosophies of Time-based Competition and Fast Decision Process, speed of response has become paramount for many US firms that recognize this as a key to gaining competitive advantage. The study involved Indiana manufacturing firms that had experience with one or more production philosophies. A questionnaire was constructed seeking both demographic as well as specific production information. The survey was sent to 1500 manufacturing firms and the usable response rate was approximately 33%. Extrapolation of information of the survey allowed for the formation of usable statistical information in table form. Factor analytic models were created and used as predictive models to determine group associations.
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Extract
The Experience of Manufacturing Firms with the Implementation of Different Production Philosophies: A United States Survey
Introduction
For the past decade, companies throughout the world have been trying to develop new techniques to stay competitive. Many top level managers have realized that in today's ultra competitive market companies cannot compete on price alone. They have to pay more attention to production quality and excellent service. Quality management revolution in manufacturing firms has been cited as another industrial revolution (Feigenbaum, 1990). Besides the manufacture firms which always associated with something physical, the service sector business, which including something subject, also need to enhance their service quality(Shetty 1985). To achieve competitiveness, most manufacturing firms have turned to the implementation of various production philosophies. In an attempt to 'fight off increased competition, firms have put product quality and production speed before all other attributes.There have been a number of studies done in the past for the purpose of analyzing how firms are implementing various production philosophies. Past studies fall into a few 'narrow" ranges such as: descriptive studies involving one or two production philosophies (such...See the full content of this document
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