The MSME sector has been the lifeblood of India’s economy contributing to over 30% share of the GDP, 45% of domestic manufacturing and 40% of the exports. It is the second-largest employment generator in the country, providing employment opportunities to approximately 11 Crore people. Check out the video on ‘Post-Covid…
Product quality plays an important role in the success of any business and is rather significant in the pharma industry. It determines the purchase decisions of customers in a big way. In the pharma industry, product quality impacts the health of the consumers as well. Apart from preventing and curing…
Business consulting has gained importance over the years. There have been success stories where effective business consulting has transformed businesses and provided phenomenal and sustainable growth to the industry. There are several business consulting firms across the world. While some companies are established ones and have been running for multiple…
Product quality is an aspect of paramount importance in manufacturing, because of its everlasting impact on the purchase decisions of the customers. No business owner would ever want to compromise on the product quality, and always strive to improve the quality of the products as a part of better customer…
Source: Apparel Resources Indian SME, which contributes 29% to the country’s GDP and the major employer is often laid back when compared to other countries like China or Japan. Reasons are plenty, but here we list down 6 major problems that SME face that is pulling the sector down from…
Manufacturing industries have to generally face a host of issues relating to payment delays, inventory management, and product quality failures. In addition to this some of the pertinent issues, the industry faces are in manufacturing products are 1. Regulatory Compliance and traceability Manufacturers of all sectors face increasing regulations which…
The production of products for use or sale using labor and machines, tools, chemicals, and biological processing or formulation is known as manufacturing. It also refers to a range of human activity from handicraft to high tech and is applied to industrial production where raw materials are converted into finished…
To develop its own products, every manufacturing company follows its own set of rules. Products are manufactured using raw materials, outsourced components, and equipment. Different products often have a different level of quality. For several reasons, sometimes there may be a few defective products among perfectly functioning ones. When the…
Manufacturing industries have to generally face a host of issues relating to payment delays, inventory management and product quality failures. In addition to this some of the pertinent issues, the industry faces are:rers in manufacturing products are:- Regulatory Compliance and traceability Manufacturers of all sectors face increasing regulations which aims…
Operating a small or medium-sized firm is not an easy task. Being small doesn’t mean that the challenges they face are small too! There is almost no difference between the large and small scale industries on account of their process and work. Heavy industries have to deal with production, maintenance,…