Modelling of the Factors Influencing the Implementation of Advance Manufacturing Technologies in MSME

Abstract

Indian MSMEs constitute ninety percent of total number of industrial enterprises and thus fostering the employability in India. The
major advantage of this sector is it’s contribution in industrial production and export. However in spite of their positive outlook
towards industrial growth, these enterprises are facing technological obsolescence. The imminent need of these enterprises is
technological innovations to make them competitive and survive in the global market. The solution for technological innovation
aspects is use of latest automated manufacturing technologies that efficiently utilizes the resources and hence the entire chain of
production. The decision of opting Advance Manufacturing Technologies (AMTs) in enterprises with limited capital resources is
rather difficult as it is the question of not only the nation’s economy but employability expectations of people. The objective of this
paper is to assist the mangers on a systematic framework that will answer how to perform the decision making process of adopting
the AMTs in their enterprises. The key factors that one should considers while making this crucial decision are: Strategic aspects,
organization structure, hands on training, implementation practices etc.