Benefits Of Innovation And Productivity In The Columbian Service And Manufacturing Industries

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In the article, “Does importing more inputs raise productivity and exports”, the author explains the benefits of manufacturing productivity. The author, Sharma, reveals that imported products bring new technology and offer new opportunities for manufacturing companies. Additionally, these opportunities tend to spawn new ideas as new products are imported that can add new profitability by providing lower cost supplies (Sharma, 2016). The newest of Akebono’s manufacturing processes The K2XX Caliper assembly process utilizes low-cost caliper pistons that are imported from Japan. The fiber molded pistons provide a light weight, low drag design that is cheaper than prior designs that were machined out of aluminum. Therefore, this newer imported …show more content…
The most influential of these innovative models are the technological advantage that innovation provides in industry through Research and Design (Gallego & Gutie’rrez, 2015). Akebono utilizes Research and Development (R&D) to place the products ahead of the competition within assembly equipment design and performance product designs. The Akebono design concept integrates performance designs into production models to add reliability as well as weight reduction into current models. In the article, “Effects of Knowledge Spillovers on Knowledge Production and Productivity Growth in Korean Manufacturing Firms”, the authors reveal the benefit of R&D coupled with knowledge spillovers. Both of these very impactful aspects of production tend to boost employee morale and production productivity. The main influence is technological advancement in equipment and processes that lead to positive growth throughout the organization (Kim, Maskus & Oh, …show more content…
It is very easy to see that actions in production are negatively influenced, but the key is to identify the root cause. Where employee’s actions are analyzed, it is necessary to utilize cycle time analysis. Cycle times are the interface with a machine or some form of automation such as robotic processes. The authors, of the article “Cycle time analysis in reentrant robotic cells with swap ability” discuss machine operation interface. Revealing that process times are effected by human interactions that result in total flow time deviation irregularities (Foumani & Jenab, 2012). Akebono utilizes Akebono Production Systems (APS) methodologies to capture cycle time against TACT time. Where TACT time is defined as the selling speed of the product or customer demand. This TACT time defines exactly what the customer contract is requesting for daily production. Utilizing cycle time which is the machine and production operator’s motions to process the part at each operation. The cycle time of all of the operations combine to a total cycle time to produce the product that must be below the TACT

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