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Offshoring of Engineering Services Outsourcing (ESO) has seen rapid growth in the last five years even as it began around ten years ago. One of the reasons for the outsourcing of engineering services has been the heavy expenditure on R&D by developed countries. However, the manpower involved in doing R&D has not increased in those countries. In addition, customers are demanding new products very fast. Some of the products manufactured by developed ...
Outsourcing is a concept which is fast gaining acceptance from all sectors of business. The outsourcing concept has existed for about 30 years but it came into prominence only around 25 years ago. The manufacturing industry in USA was the first to adopt outsourcing due to the strong dollar and competition from other countries. The next major development was the beginning of the call center industry and the shifting of this industry to offshore destinations like ...
The Indian two-wheeler industry has been in the limelight recently because of its impressive performance. Hero Honda has been the largest manufacturer of motorcycles in the world for quite some time. Its motorcycle model Splendor has also been the largest selling model in the world. The last few years have also seen a large quantity of two-wheelers being exported. In neighbouring countries like Bangladesh and Sri Lanka, the Indian two-wheeler manufacturers have ...
The bright star in the Indian manufacturing industry has been the pharmaceutical and biotech industry. It has consistently performed beyond expectations and is a net exporter of drugs. The future of the industry seems even brighter and contract research and manufacturing (CRAMS) is likely to dominate this industry. India is a major player in this sector and has stolen a big lead over its nearest competitor China and should be in a position to widen this lead ...
Many Indian firms have chosen the Mergers and Acquisitions strategy to expand their business abroad. Tata's acquisition of UK-based firm Tetley was India Inc's first overseas big ticket acquisition. Since then, more firms have joined in the acquisition spree. Indian companies in every sector, be it FMCG/FMCD, IT, Pharma, Financial, Auto or Auto components, are acquiring firms abroad. Acquisition gives instant access to new products, markets, technologies, ...
The Indian tyre industry is around eighty years old. One of the first companies to set up manufacturing facilities in India was Dunlop. In the pre-Independence period, the tyre manufacturers were mainly foreign companies. Raw material in the form of natural rubber was easily available and labour was cheap. Sometime in 1956, based on the recommendations of the Tariff Commission, the Government encouraged domestic companies to set up their manufacturing facilities. ...
Business Process Outsourcing is an arrangement between a client and a BPO provider. In this arrangement, the BPO provider agrees to provide services in some business process to the client for an agreed fee. The benefit to the client is that he is able to concentrate on his core activities and is in a position to outsource his non core activities to the BPO provider. The BPO provider also benefits because he gets business and, if he gets more orders, he gets the ...
The automobile industry is one of the largest industries in India as in many other countries. It plays a major role in the growth of economy in India. The industry comprises automobiles and auto component sectors, which encompass passenger cars, two-wheelers, three-wheelers, tractors, commercial vehicles, multi- utility vehicles and components. Today, the Indian automobile industry is the world s largest motorcycle manufacturer, the second largest two-wheeler and ...
The growth of the electronics industry has been phenomenal worldwide since the 1970s and its future in India seems to be brighter in China and India where an explosive growth in this industry. One reason for this phenomenal growth is that the prices keep dropping and new developments keep taking place. Electronics companies spend a lot of resources on R&D to develop new products, which leaves them with little time for manufacturing. This gave birth to the ...
IT outsourcing is an arrangement between a client and a vendor who can provide IT services. In this arrangement the IT outsourcer agrees to provide IT service to the client for an agreed fee. Invariably, a contract called service level agreement is signed by both the parties. In terms of benefits to the client, he is able to concentrate on his core activity and is in a position to outsource part or all of his IT functions to the outsourcer. In addition, the ...
India has the proud privilege of having the most successful cooperative in the world. The cooperative is AMUL or Gujarat Cooperative Milk Marketing Federation (GCMMF). The story of Amul began in 1946 when a few enterprising farmers from the village of Anand in Gujarat set up the Kaira District Milk Cooperative Union. The cooperative was launched by the farmers to free themselves of middlemen, gain access to markets and get good rewards for their efforts. Today, ...
Inventory has been a hotly debated subject for the last fifty years. There were a lot of models, including ABC analysis and EOQ models. However, the first real breakthrough was JIT purchasing which was practised in Japan in the 1960s but was known in the western world only in the 1970s. A lot of US and European companies adopted JIT as they felt that it would reduce their inventories drastically. However, very few companies enjoyed the benefit which was achieved ...
The Indian housing sector has seen smart growth over the last 15 years. This is primarily due to population growth, shifting of population from the rural to urban areas, breakdown of joint families and easier housing finance. In the early period, after Independence, the Government took the role of building houses. However, it soon realized that it was not able to meet the demand. In the seventies, it was decided to involve the private sector in building houses. A ...