Abstract
Examines the relationship between competitiveness strategies and decisions to invest in advanced manufacturing technologies (AMT). Findings are presented from a survey of UK manufacturers, which is part of a global research programme on AMT investments. Experiences of four case companies are also used to illustrate factors driving these investments and their outcomes. Demonstrates how AMT investments arise from a business strategy seeking to improve competitiveness. Although these decisions are market-driven and companies often use more than one financial appraisal technique when evaluating a proposal, they often cannot demonstrate the tangible benefits anticipated from their investments. This indicates that more time needs to be taken to carry out post-implementation evaluation in order to be able to identify tangible benefits and learn from these experiences.
Original language | English |
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Pages (from-to) | 340-347 |
Number of pages | 8 |
Journal | Integrated Manufacturing Systems |
Volume | 11 |
Issue number | 5 |
DOIs | |
Publication status | Published - 2000 |
Keywords
- Advanced manufacturing technologies
- Competitiveness
- Evaluation
- Implementation
- Investment
- Strategy