Competitiveness strategies and AMT investment decisions

Peter G. Burcher*, Gloria L. Lee

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    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 languageEnglish
    Pages (from-to)340-347
    Number of pages8
    JournalIntegrated Manufacturing Systems
    Volume11
    Issue number5
    DOIs
    Publication statusPublished - 2000

    Keywords

    • Advanced manufacturing technologies
    • Competitiveness
    • Evaluation
    • Implementation
    • Investment
    • Strategy

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