The Technical and Economic Problems in Crane Factories

The Technical and Economic Problems in Crane Factories Introduction Today the technological advancement is forcing most companies to consider implementation of strong specifications to remain competitive. It is not wise for a new enterprising company to continue producing slow cranes of limited capacities while the competitors keep high standard overhead cranes.Advertising We will write a custom essay sample on The Technical and Economic Problems in Crane Factories specifically for you for only $16.05 $11/page Learn More The cranes manufacturing industries are under the strain to produce more sophisticated, and cranes that can restrain higher stresses due to the advancement over the building structures. The new overhead designs of the cranes, such as boosted load capacity, remain to be the best policies over the high maintenance costs and excessive performance time. Every buyer wants a machine that performs on increased capacities and at higher frequencies compared to earlier designs or structures. Modernization of the structures today calls for technological advancement for the cranes. The structures utilize the track-mounted cranes, which work concurrently in as first as possible sequence without fluctuating on the tracks. One real-world combinatorial problem entails the procedure of planning for the crane to follow the manufacturing schedule. Some companies have advanced designing structures that allow quick and synchronized manufacture but they still face the challenge of assigning tasks and ordering the tasks to avoid interference. The smaller companies face the problem of scheduling the tasks to overcome constrains and minimize the completion time. The crane factory also faces many human resource issues. Like other high-standard companies, to meet up the challenge of having high quality standard prospective employees, some web-based technology such as timesheet management software or time-off systems are important programs to adopt. (â€Å"Tips,† 2006, 7).Advertising L ooking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More These are important new programs for reducing the waste and cost. Similar new companies have implemented the web-based research technologies to recruit applicants, offer online human resource deliveries, support collection process that is more efficient in distribution and exchange of data. Most companies face the challenge of meeting demand. They fail to meet customers’ requirements because of poor marketing procedures. The recent marketing trends of globalization and outsourced production require the business especially new ones to hire marketing experts to manage the complexity involved between buyers and sellers, navigate various cultural differences and travel to find orders and ensure deliveries. (Monczka et al, 2008, 111) In the address of the general challenges facing the manufacturing industries, the main areas requiring immediate redres s include the lack of proper focus by the governments in ensuring global competitiveness. A good governing system enables manufactures to be in a position of meeting competitive authenticity. Ability to foster strong economic growth, calls for government-sponsored economy. The economy is set on track by monetary and fiscal policies. The manufacturing costs of big machinery like the cranes are lower when the government regulate and reduces some subsidiaries in the aim of creating an economical environment favouring investment. The aim of the manufactures is to produce improved products at lowest costs possible. (Monczka et al, 2008, 111) They ought to be in control of the costs. The future of the manufacturing industries depends on the technological leadership. It pays significantly to invest in technology. The future of these industries depends on the evolving nature of the education system. The workforce ought to entail individuals with high skills of problem solving. These abiliti es need continuously sharpening of skills and knowledge as the technology advances. The government face the challenge of investing in the education to produce competent scientists and educators. Finally yet importantly, the international and monitory policies play an eminent role in ensuring the global competitiveness. Free, open and fairness provides an internationally levelled ground for fair competition especially in the machinery manufacturing industries.Advertising We will write a custom essay sample on The Technical and Economic Problems in Crane Factories specifically for you for only $16.05 $11/page Learn More In a close link to Monczka et al, (2008, 111) all parties involved only minimize the barriers of global manufacture and trade for the small and large industries through their will of promoting economical growth. Monczka, Robert. M., Handfield, Robert. B. and Larry, Giunipero. â€Å"Purchasing and  Supply Chain Management† Manson, OH. Cengage Learning Publishers. 2008. P. 111. Pp 810 Tips on Using Technology to Streamline Payroll Processes – and Cut Costs (2006). Payroll Managers Report, 6(10), 1-9. Retrieved from   EBSCOhost Database