Eduardo B. Buhain | Felina C. Young | Teodulo M. Topacio Jr.
Discipline: Business, Production Management
The growing competition in the domestic economy and the narrowing market share being faced by current
Industry participants have paved the way for a new brand of competitive challenge that goes beyond packaging innovation, but more along the areas of plant efficiency and consistency of product quality over time.
With the trading horizon going global, the need to maintain product quality as well as manufacturing efficiency has been noted as the significant factors in ensuring competitive success in the global marketplace. This said market has today grown hostile to export products which do not meet world standards, thus pressuring local manufacturers to conform to foreign specifications, or risk costly international rejection.
The cost of rejection in the global economy is expensive to both the local firm and the host country involved. Today, the international marketplace is plagued by tariff barriers and subsidies that there is no way except for the local manufacturer to technologically improve itself if it is to maintain its competitive global posture.
Hence, the assurance of manufacturing success as well as competitiveness is efficiency in manufacturing operations where domestic resource costs and production costs are laid at the minimum while providing for quality output.
ISSN 0116-7111 (Print)
Philippine E-Journals
