Abstract
This paper presents an overview and guidance for manufacturing companies which are preparing to invest in Advanced Manufacturing Technology (AMT). The purpose of this paper is to introduce AMT to Local context and explain the reasons why the company may encounter problems with adopting AMT. In addition to that, the author suggests many avenues to look at AMT applications and the many suggestions offered by the relevant literature for improving the performance of using AMT investment. Further, the research work here aims to assist managers to understand the benefits, types and investment of AMT and identify the problems in the local context. The author of this paper believes that proper understanding of AMT will encourage more firms to invest in AMT and to realize the benefits to make more contributions to society by improving world standard quality of product. DOI: 10.4038/suslj.v6i1.1694 Sabaragamuwa University Journal, vol 6, no. 1, pp 116-134
Highlights
Introduction of Advanced ManufacturingTechnology: a literature reviewKennedy D Gunawardana Department of Accounting University of Sri Jayewardenepura, Nugegoda
Manufacturing firms have recognized the importance of flexibility in the manufacturing system to meet the challenges posed by the pluralistic market
Advanced Manufacturing Technology (AMT) is a generic term for a group of manufacturing technologies, which combine both scope and scale capabilities in a manufacturing environment
Summary
The author of this paper believes that proper understanding of AMT will encourage more firms to invest in AMT and to realize the benefits to make more contributions to society by improving world standard quality of product. The market place of the twenty-first century is evolving into one of merging national markets, fragmented consumer markets, and rapidly changing product technologies. These changes are driving firms to compete, simultaneously, along several different dimensions: design, manufacturing, distribution, communication, sales and others. Customers prefer a large variety of products This phenomenon has inspired manufacturing firms to look for progressive computerized automation in various processes. They stress that firms implementing automation projects should prioritize their needs for different flexibilities for long-range strategic perspectives
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