As India is transforming
from an agrarian to a
manufacturing and
services led economy, the focus
on improving the contribution
of the manufacturing sector is
ever increasing, with the current
contribution being a fourth of
the total GDP. While we see new
technologies and concepts being
introduced to leverage cost
advantages, one area of document
printing remaining hitherto an
area still requiring the focus.
Operating profits are low and
to maintain a competitive edge,
manufacturing information
must be managed effectively
at every stage in the
manufacturing process. Today's
business enterprises must deal
with global
competition, reduce the cost of
doing business and rapidly
develop new services
and products. Hence, the two
important drivers continue
to be cost reduction and
productivity improvement.
Cost reduction and productivity
improvement
To meet the challenges of key
metrics of costs reduction and
productivity improvement in the
manufacturing sector, companies
are putting their arms around new
technologies and concepts such as
workflow technologies, business
process modelling, business
process re-engineering and
workflow automation.
Organisations are looking to
prioritise investments to comply
with current and future
environmental directives.
Manufacturing companies are
embracing supporting
technologies such as Business
Intelligence (BI) and Business
Process Management (BPM).
However, companies in
manufacturing sector have not
paid enough attention to
'documents'. Document
management is like the 'last
mile connectivity' and is now
the remaining focus area for
companies who are especially
looking for further reduction
in costs and improvement
in productivity.
....CONTD
