Maximising the Effectiveness of Introducing Advanced Technologies

In the face of increasing competition, manufacturing companies have to consider new methods of increasing the value of their products. Improved production efficiency to reduce costs, and higher product specification to raise levels of quality are needed to maintain existing business. It is often perceived among the inexperienced SMEs around the UK that investment in new technology and intelligent systems is the easiest, yet the most expensive, solution. However, this is often not the case when, and only when, a company undertakes extensive work to research, plan and manage technology implementation it is possible to select equipment which will enhance almost every aspect of a company’s performance. However, without this work, new technology can not only confound a previously well organised operation but also incur high running costs and a long payback time. This paper outlines a generic approach to implementing new technology, identifies the keys to its success and how further sustainable growth can be achieved when new technology implementation is considered part of a company-wide strategy.

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a pdf file
Submitted by tony fouweather on Tue, 11/07/2006 - 12:36pm.

Hello

Are the SMEs you have dealt with willing to take the risk on investing in new technologies? Have any had bad experiences with this? If so what would you recomend they do before deciding on the investment?

Thanks
tony

Submitted by Thomas on Wed, 12/07/2006 - 5:55pm.

Hi Tony

Purchasing and implementaing New technologies is not normally an issue for SMEs. Traditional impediments such as cost and knowledge is not really an inhibitor for such companies since by this stage the comapnies are committed to the project.

I would argue that when we have worked with these companies the real problem is have they got the right technology in place. Will it give enough power to the company to push it forward or will it be too complex and advanced and as such will not get fully utilised.

This to me is fundamental so a real requirements analysis is essential

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