Purpose: The purpose of this paper is to have a deep understanding of threats during various operational phases. This paper provides an idea of various activities at different stages, where the identification of threats can be primary information before they occur during manufacturing operations. A proper action plan can be prepared and executed to handle various threats during operation and to achieve the goal of a successful manufacturer.
Methodology: A study has been performed to identify the common
threats in manufacturing operations. During the study, data was collected
through various questionnaires and respondents were from automotive industries
with experience from 5 to 20 years contributing in different phases of
operation.
Findings: During interaction with industrial leaders, it was found
that 65% of participants expressed their concern related to the availability of
technically skilled manpower and looking at technological enhancement like
Industry 4.0, digitalisation etc to be considered as one of the major threats. During
the survey, it was also a strong voice from 62% of participants that
expectations from end users are changing very frequently which has been a major
threat to placing ourselves in a competitive market. 50% of respondents from
auto component manufacturers affirmed that the product life cycle of automotive
manufacturing industries is getting reduced year by year which is a major
threat considering huge investments for particular products and setups which
lead to additional financial burdens.
70 % of industrial leaders have expressed that managing rising
product costs while staying in the market is a major threat. Raw material
costs, operational costs and overhead costs lead to an increase in product
costs when OEM (Original equipment manufacturer) expects to reduce the cost of
the product from automotive suppliers.
Industrial leaders who comprise 60% of the participants expressed that
the operational expenses and required resources allocated for operation are probably
insufficient, with additional allocation. Provided operational budget may not
be enough but an additional allocation of funds can be managed. A budget is
defined as the required full financial estimation of the cost which is
generally estimated well ahead of than operational schedule. It has been
highlighted that the total operation cost to produce a quality product
sometimes crosses the budgeted cost.
Practical Implications: In this research, threat analysis as a
tool can be useful during the initial stage. Threat identification and analysis
of the impacts are a very important activity. By planning judiciously, the
threats can be handled and minimise the intensity of impact on operational
activities.
Originality/Value: The important value of threat measures is the
probable loss due to threats at the operational phase. Threats can result in to
increase in cost, timeline, infrastructure and failure of the operations.
Author (s) Details
Ashutosh Sharan
Shri Jagdishprasad Jhabarmal Tibrewala University, India.
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