S no.

FACTORS

ELEMENTS OF COMPANY STRATEGY

COSTS

Continue with strategy of diversification

QUALITY

No compromise policy on quality of products

S no.

FACTORS

ELEMENTS OF COMPANY STRATEGY

Quick flexibility, general purpose,capable of

high precision jobs

PROCESS

DELIVERY On time - Everytime

LONG TERM
Grant special order costing status. Creation of Joint Task Force for
handling one-off high potential orders.
Re-allocation of costs for new market entry trial orders.
Establish re-calculation cost norms for every new product after initial
1-2 runs.
Assign an experienced controller for assesing all new market entry
orders before order acceptance and facilitate alignment with market
position ( product- FABRITEK process matching)
Introduce step by step advanced measurement systems in different
levels--CAPEX
Increase QC manpower
Special group incentive / compensation schemes only for new market
entry orders based on Quality before quantity.
Revision of the incentive policies to Process based rather than
product based after introduction of robust QC without reduction in
gross take home compensation.
Training sessions to operators emphasising on quality and quantity
LONG TERM
Constitute a Cross Functional Joint Task force comprising of
Engineering division + Operations + Business Development to
consistently work on process optimisation- e.g. machine allocation,
reducing machine interference, flow smoothening- line to cellular
solutions as appropriate. Get info on competitors in house systems to
leap frog.
Capacity increase--> Advanced multi functionality machines. Increase
milling facilities --CAPEX
Explore possibility of similar quality outsourcing for select jobs.
Increase buffers by reducing in process costs + flexibile operations
Introduction of Innovation Competitions amongst operators for
generating ideas on process innovations.
Extensive continuous training to increase the multi-tasking abilities of
operators.
Create systems to ensure internal lead times are accurate based on
past historic data on similar order executions.
Periodic reviews of the order execution management systems.