BEHIND THE SCENES | COLUMN
You Get What You Pay for
MANOJ KABRE, MEMBER, EDITORIAL ADVISORY BOARD (EAB)
You get what you pay for in life. A very bizarre phrase but very true, almost 99.9% (if not 100%) times. Having been a globetroter, I have had multiple chances of experiencing this phrase to assess comparative quality of items and people with an additional opportunity of benchmarking them. It all relates to ‘value for money’, not just for us as users of the commodity or service, but also for the manufacturer. If he does not pay enough, he sacrifices on his incoming quality as well, thereby affecting the quality of his output.
Te world has become digital as people and businesses are now able to interconnect more seamlessly using technologies. It is hard to predict and defend. Terefore, businesses need to start building sustainable competitiveness and flexibility in order to react fast and reap benefits as the first mover to gain an upper hand in competition. We have the benefit of leapfrogging technologies around us.
In their atempts to become future ready, many businesses have IT as the key business driver across diverse sectors, which is creating systems that promise to make them future-proof. While on the one hand robots are being used, on the other hand, companies are puting devices like tablets to new and innovative uses, empowering their sales force — be it pharma, FMCG, banks or even the online marketplace. For instance, if IT is enhanced one minute faster, three more cars will get produced every minute, in a typical passenger car production line. IT can support both the top line and the botom line. Te four ways that technologies can make work smarter and beter are SMAC — Social, Mobile, Analytics and Cloud Computing. As a result, digital technology is becoming all-pervasive in the supply chain. Real-time information helps improve inventory turns, helps rescue capital engagement and enables faster cycle times.
16 | commercial micro manufacturing international Vol 7 No.6
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