Emphasizing Agility in Medium Scale Manufacturing Industries-Amity Gwalior

In the past, economies of scale ruled the manufacturing world and everybody knew that mass production and full utilization of plant capacity was the way to make money. This style of manufacturing resulted in inflexible plants that could not be easily reconfigured, and were associated with swollen raw materials, work-in-process and finished goods inventories. Since the early 1980s, in pursuit of greater flexibility, elimination of excess in inventory, shortened lead-times, and advanced levels of quality in both products and customer service, industry analysts have popularized the terms `world-class manufacturing’ and lean production’ .