An integrated process for forming manufacturing technology acquisition decisions

The right manufacturing technology at the right time can enable an organisation to produce products that are cheaper, better, and made faster than those of the competition. Paradoxically, the wrong technology, or even the right technology poorly implemented, can be disastrous. The decision process t...

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Bibliographic Details
Published in:International journal of operations & production management 2004-05, Vol.24 (5), p.447-467
Main Author: Baines, Tim
Format: Article
Language:English
Subjects:
Acquisitions
Asset allocation
Case studies
Competitive advantage
Decision making
Manufacturing
Product differentiation
Strategic management
Strategic planning
Studies
Success
Technology
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Summary:The right manufacturing technology at the right time can enable an organisation to produce products that are cheaper, better, and made faster than those of the competition. Paradoxically, the wrong technology, or even the right technology poorly implemented, can be disastrous. The decision process through which practitioners acquire manufacturing technologies can significantly impact on their eventual capabilities and performance. This complete process has unfortunately received limited attention in previous studies. Therefore, the work presented in this paper has investigated leading research and industrial practices to create a formal and rational decision process, and then evaluated this through an extended and in-depth case study of a manufacturing technology acquisition. An analysis of previous literature, industrial practices, and the resulting decision process are all presented in this paper.
ISSN:0144-3577
1758-6593
DOI:10.1108/01443570410532533