An integrated process for forming manufacturing technology acquisition decisions

Baines, Timothy An integrated process for forming manufacturing technology acquisition decisions. International Journal of Operations and Production Management, 24 (5), pp. 447-467.

Abstract

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.

Publication DOI: https://doi.org/10.1108/01443570410532533
Divisions: Aston Business School > Operations & information management
Aston Business School > Operations & information management research group
Additional Information: This article is © Emerald Group Publishing and permission has been granted for this version to appear here http://www.emeraldinsight.com/journals.htm?articleid=849539. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.
Uncontrolled Keywords: decision making,manufacturing industries,working practices,technology led strategy

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