PRODUCTION AND OPERATIONS MANAGEMENT

Some Latest and Future Issues

Rajat Agrawal (rajatfdm@iitr.ac.in)
DEPARTMENT OF MANAGEMENT STUDIES

1
 Future Direction of POM
• Automation
• Customization
• Faster Delivery
• Cost competitiveness
• Superior Quality

2
 Twin Shifts
• Delivering more for less is no longer a
sustainable strategy

• Emergence of reconfigurable manufacturing

models to drive micro manufacturing setups

3
 Key trends in Manufacturing Innovation

• Manufacturing Innovation driven by

Exponential technologies
• Additive manufacturing
• Robotics
• Material science

4
• Eroding barriers to learning, entry, and
commercialization
• Low barriers to learning
• Low barriers to entry
• Low barriers to commercialization

5
• Emergence of newer manufacturing models
• Distributed Local manufacturing
• Loosely Coupled Manufacturing Ecosystems
• Agile Manufacturing

6
 Global Competitiveness
• India is at 39 and 40th position in WEF index of
Global Competitiveness Index of 2016-17 and
2017-18 respectively.

7
Competitiveness
and 10-year
average growth
rates, 2007–
2016

8
 Manufacturing Competitiveness Index
Size Manufacturing Labour Manufacturing
Labour Cost productivity exports
India (11) $203.3 B $1.72 /hr $14,829.20 GDP/ $174.4 B
(2016) (2013) person (2014)
USA (2) $1820 B $37.96/hr $110,049.50 GDP/ $1034.2 B
person
China (1) $1756.8 B $3.28 /hr $22407.70GDP/perso $2197.9B
n
Japan (4) $1000.8 B $23.95/hr $71,433.80 $597.8B
GDP/person
S Korea (5) $353.7B $20.71/hr $67,564.40 $495.8B
GDP/person
Germany (3) $663 B $40.54 / hr $87,208.30 $1248.6 B
GDP/person 9
Thank You

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