Globalization; International Manufacturing, Outsourcing and Logistics Essay

Globalization International Manufacturing, Outsourcing and Logistics - Essay ExampleDomestic manufacturing companies atomic number 18 facing numerous confrontations they are finding it hard to survive in the existing market and are seeking manufacturing strategies for competing in the international market. (International Manufacturing strategy)International Marketing Strategy Survey (IMSS) set up in 1992 is a accommodative network of more than 600 manufacturing companies and 20 business schools that provides a database for the determine 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 helps the companies to make a comparative analysis using the international benchmarks. IMSS encourages communication and interaction surrounded by different companies and management sch ools which helps in sharing best practices. (What is the IMSS?)Every country and state has different manufacturing regulations, economic factors, historical position, market size, product manufactured and strategies are tailored 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, organization form, system to be used, technological factors, perspective and product factors. In order to understand and study the various 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. There are different factors that are critical for deciding the strategy of a manufacturing company. A