• Manufacturing Business Plan

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Manufacturing Business Plan

Any process that turns a raw material to a finished good through a machine is termed as Manufacturing. Almost all the industry relies on the Manufacturing industry to effectively function. Manufacturing business have various option of starting on a small scale i.e Production of component, homemade supplies etc. and second option is the medium scale and the last option is the large scale where most of the major player are in this sector of manufacturing. One has to choose and define the market and the products that they are marketable because there is wide range of option available in across various fields like Automobile and component, chemical and metals, consumer goods, electronics, industrial and farm equipment, medical manufacturing, plastics and rubber etc.

In the year 2015, 15% of the India’s GDP Was contributed by the manufacturing sector. The CAGR Report shows that the 7.9% growth was recorded during the year 2016-17, which is USD 2.7 trillion and it is expected to grow to USD 3 trillion by 2022. Due to the advancement in cutting edge technology, defense and aerospace sector intended a higher input. Based on the recent technology advancement and trends, various methods of manufacturing are available which will bring the efficiency of the product and waste control too. The list of changes in the methodology of the manufacturing sector are Flexible manufacturing, just-in-time manufacturing, lean manufacturing, rapid manufacturing, re-configurable manufacturing system and mass production / customization. India is an alluring center point for remote interests in the assembling area.

A few cell phone, extravagance and car brands, among others, have set up or are hoping to build up their assembling bases in the nation. The execution of the Goods and Services Tax (GST) will make India a typical market with a GDP of US$ 2 trillion alongside a populace of 1.2 billion individuals, which will be a major draw for financial specialists. With catalyst on creating modern hallways and keen urban areas, the administration plans to guarantee all-encompassing advancement of the country. The halls would additionally help with coordinating, checking and building up a favorable situation for the mechanical improvement and will advance propel rehearses in assembling.

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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a manufacturing business plan are given below:

People

Director, Production Head, Production Manager / Assistant Manager , QA Manager / Assistant Manager, Maintenance Staff, Research Head, Marketing Manager, Commodity Manager, Public Relation Manager, Market Analyst, Product Design Manager, Product staff, HR, Office Support and Accounts Manager / staff.

Process

Production Process Planning, Concept Planning, Resource Planning / Enterprise Resource Planning, Computer-Aid-Manufactural Process, Operation Management, Product Data Management, SCADA, Distributed System Management, Quality Control Management And Risk Management, Time And Cost Analysis And Accounts Management.

Systems

Equipment Includes Production and Tools, Material Handling and Work Positioning Device, Computer System, Human Resource. The production process include various kinds of machines like fully-automated, semi-automate, manual - control machine.

Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:

Automotive Component Manufacturers Association of India
The Capital Court 6th Floor, Olof Palme Marg, Munirka New Delhi : 110 067

The British Engineering Manufacturers' Association Limited
5A, Stover Road - Yate, Bristol - BS37 5JN

National Association of Manufacturers
733, 10th Street NW, Suite 700 Washington, DC 20001

National Association of Manufacturers
143 Cecil Street #09-03/04, GB Bldg, Singapore 069542

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