Best Industry Practices

1. MANUFACTURING INDUSTRY
NEHA JOSHI
A- 58
KNOWLEDGE MANAGEMENT

2. INDUSTRY PRACTICES FOLLOWED BY THE
COMPANY
Agility
Frugality
DNA of
the
company

3. AGILITY
• Agility means ability to deliver faster results
consistently.
Speedy
Response
Adapt
Quickly
to
changes
Quicker
Decision
Making
Domain
Knowled
ge
•Response to email in 2
working days
•Working without
Reminders
•Be sensitive to other
urgencies
•Curiosity to know the
changes
•Challenging the status
quo
•Willingness to learn
•Delegating authority
•Creating Empowering
Environment
•Appreciating quick
decision making
•Encouraging
Innovation and
accepting failure
•Risk assessment and
Risk inventory
•Willingness to learn
from mistakes.

4. CONTINUE..
Alertness to
environmental
changes
• Knowledge of
industry benchmark
practices
• Data driven
decision making
• Regular updating
oneself
Willingness to
change fast
• Pursue new
approaches
• Be open to new
ideas
• Flexibility
towards change
Right balance
of process vs
consistent result
• Urge to deliver
quality
• Not taking
shortcuts
• Means are as
important as ends

5. CHANGES ADOPTED BY THE COMPANY
• Production capacity of the company has been
doubled in the recent years
• This has been achieved without much
investment.
• The optimum utilization of the available
resources has helped to achieve the target
• From here Frugality comes into the picture

6. FRUGALITY
Frugality means to be economical in terms of usage
• Supporting cost effective functioning
• Being purposeful
• Looking for alternative solutions to
optimize
Optimum
resource
utilization
• Sensitivity towards value of time
and money
• Ability to work with the available
resources
Indigenous
mindset

7. CONTINUE..
Thrifty
• Thinking
towards
recycling the
resources
• Awareness of
constraints
• Careful about
spending
Focus on need
vs want
• Prioritizing
the needs
• Be empathetic
to others
• Ability t use
analytics in
understanding
No Frills
• Balance
between
functionality
and aesthetics
• Eradicating
complexity
• Simplifying
process

8. CONSIST QUALITY
First Time
Right
Every Time
Right
Delightful
Customer
Experience

9. THANK YOU