A Study on Impact of Manufacturing Strategies on Financial Performance in Rail Wheel Factory, Yelahanka, Bangalore

Authors

  • Dr.M.Gurusamy, Dr. Mohammed Arif Pasha, Dr.G.Gunaseelan, K.Deepika Rani, Dr.D.Krishna Kumar

Abstract

The manufacturing strategy is the development and deployment of production—total production capabilities with business unit objectives and strategies. It involves a process that requires production to ensure the tasks and priorities derived from a competitive strategy at the business unit level. The role of manufacturing is one of the prime factors to determine productivity. Therefore, the study is carried out to find the manufacturing strategy methods and techniques followed by Rail Wheel Factory, Yelahanka at Bangalore, and suggest a process to improvise upon the existing procedure for better performance by the company. The research design is the analytical framework in which the research work is conducted and carried out. It constitutes the outline for the collection, measurement, and analysis of data in a manner conducive with relevance to research design on the work to be carried out. By using the various manufacturing strategy, the RWF can increase its productivity and profitability by maintaining the quality, cost, flexibility, and delivery. The manufacturing cost could be monitored for five years, and the various manufacturing strategy suggestions were given to improve the cost control, cost reduction, and financial performance of Rail Wheel Factory.

Keywords-Cost Control; Cost Reduction; Manufacturing Cost; Manufacturing Strategy; Profitability.

Published

2020-11-30

Issue

Section

Articles