A framework for fit manufacturing. (16th May 2011) - Pham, D.T.
The near collapse of the global economy in 2008/2009 and the resultant losses in manufacturing jobs and capacities have unleashed a new wave of challenges and opportunities and created the need to re-think manufacturing strategies. In these turbulent times, manufacturing companies must look beyond improving manufacturing processes as a panacea to remain in business. The focus should now be on developing a new integrated manufacturing strategy that combines the strengths of leanness and agility with sustainability to deliver long-term fitness. Fit manufacturing offers a superior manufacturing model that leads to the development of fit enterprises capable of delivering sustainable benefits in an ever changing complex environment. The main objective of the paper is to present a framework for further development of fit manufacturing. The paper also discusses the concept of economic sustainability as it relates to manufacturing firms.