MANUFACTURING HAS BECOME AN INTEGRAL PART OF LONG-RANGE BUSINESS PLANNING FOR COMPANIES THAT MUST MAINTAIN THEIR COMPETITIVE POSITIONS AND INCREASE THEIR MARKET SHARE. THESE ARE COMPLEX ISSUE BECAUSE THEY INVOLVE A BROAD RANGE OF CONSIDERATIONS SUCH AS PRODUCT TYPE, COMPANY SIZE, CHANGING MARKETS, LAWS AND BUSINESS PRACTICES IN DIFFERENT COUNTRIES, TARIFFS AND IMPORT RESTRICTIONS, GEOPOLITICS, AND ESPECIALLY THE MAJOR TRENDS IN RAPIDLY INCREASING MANUFACTURING ACTIVITIES IN COUNTRIES WHERE LABOR COSTS ARE ABOUT A TENTH OF THOSE IN TRADITIONALLY MORE INDUSTRIALIZED COUNTRIES. THE RAPIDLY GROWING FIELD OF INFORMATION TECHNOLOGY (IT) CAN PROVIDE THE TOOLS TO HELP MEET THESE MAJOR GLOBAL CHALLENGES.
(REF. MANUFACTURING ENGINEERING AND TECHNOLOGY, KALPAKJIAN; S., SCHMID; S.R. PAGE 41-42)
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