What do we do next; To survive, grow and be distinguished

• Main Author: Yaylali Günay
• Format: Article
• Language: English
• Published: Foundry Journal Agency 2010-11-01
• Series: China Foundry
• Subjects: competitive power; sustainability; survival; operational excellence
• Online Access: http://www.foundryworld.com/uploadfile/201012337657429.pdf

In a new world era, where financial systems are being restructured, manufacturing insight reconsidered and ways of doing business is changing, the foundry industry has to adapt herself to the winds of change by placing all her inputs onto the table and reevaluate them to fit into this new era. The inherent strengths of the foundry industry alone would not be enough to fit in this change process, where careful and intelligent operation of the back office and the front office of the foundry should come into the picture. The recent global crisis and previous ones have had positive effects on the improvement of foundry competitiveness by opening opportunities to change and “clean the house”. The survival strategies, as well as what actions to be taken for growth and maintaining a strong foot print in this complicated atmosphere, is discussed in several headlines. In the long run, survival of individual foundries depends on well managed orchestration by the “decision makers” of each individual component of the foundry. Sustainability of the whole is the sum of survival capabilities of its components and the management of their harmonization.