Modern Communication And Flexible Manufacturing Methods

a. Product innovation Title: Decentralised manufacturing Location on the Innovation Matrix: Context, Product Decentralised manufacturing makes it possible for a large international firm like Ikea to reduce transport miles (and the associated carbon, NOx, SO2 and other emissions) and reduces the commercial risks of relying on a sole producer. It supports local small and medium size enterprises, provides local employment and can take advantage of locally sourced materials. The main impact of this innovation is to reduce transport costs. However a secondary benefit is better interaction with customers, especially for products with a short life cycle (Kianian et al. 2013). Modern communication and flexible manufacturing methods (e.g. Computer Numerical Control (CNC), 3-D printing, Additive Manufacturing) are all innovations that allow designs from a centralised source to be manufactured in smaller quantities close to where they will be sold. These techniques can also afford a firm commercial advantage the through the ‘personalised production’ of products (Mourtzis Doukas 2012) should they wish to adopt this as part of their business model. b. Service innovation Title: Chair leasing Location on the Innovation Matrix: People, Service Leasing office furniture can provide a cost efficient model for. Lease payments are deemed a direct operating expense rather than capital expenditure, giving companies a tax advantage. By not having to pay for the chairs at the point ofShow MoreRelatedThe Global Integration of Business Functions1134 Words   |  5 Pagesurges the foundation of globalization. Integrating into the global economy offers multinational companies not only opportunities to disperse their industries for goods and services worldwide, but also challenges to compete with others and sustain in flexible environment. On the other hand, globalization has caused much pressures for multinational business. 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