Globalization; International Manufacturing, Outsourcing and Logistics Essay

Globalization International Manufacturing, Outsourcing and Logistics - Essay exemplarDomestic manufacturing companies are facing numerous confrontations they are finding it hard to survive in the vivacious market and are seeking manufacturing strategies for competing in the global market. (International Manufacturing strategy)International Marketing Strategy Survey (IMSS) sterilise up in 1992 is a cooperative network of more than 600 manufacturing companies and 20 business schools that provides a database for the topic of management strategies, direct information on trends on manufacturing market and practices on a global scale. IMSS aims at identifying the manufacturing management strategies and collectively achieve the strategic objective. (WheelWright & Hayes,1975) This also garters the companies to make a comparative analysis use the international benchmarks. IMSS encourages communication and interaction between different companies and management schools which helps in shar ing best practices. (What is the IMSS?) all(prenominal) country and state has different manufacturing regulations, economic factors, historical position, market size, product manufactured and strategies are accommodate accordingly. (Per & Christopher, 1998)Before creating a strategy, understanding the practice and performance of the manufacturing company is essential. Managers need to make decisions on the investments, organisation form, system to be used, technological factors, location and product factors. In order to understand and study the different issues in the manufacturing industry and help companies in making good decisions a research study was conducted by London Business School which aimed at investigating the industrys practices, manufacturing strategies around the world which would help in making the best decisions.(Per & Christopher,1998)Manufacturing strategy refers to exploiting some properties and using them as a competitive weapon. on that point are different factors that are critical for deciding the strategy of a manufacturing company. A