Panel discussion on 'How to be world class manufacturer'

Chamber of Industrial and Commercial undertakings or CICU as it is popularly known recently organized a panel discussion for SMEs to achieve manufacturing excellence in Ludhiana.

Avtar Singh, President CICU & Upkar Singh Ahuja, General Sectary CICU in a joint statement informed that it is imperative for companies willing to earn their margins by managing costs while responding positively to escalating demand. The way forward for manufacturing companies in India must be to seek excellence in all their activities - designing and engineering new products and in sourcing, making and delivering products.

Speaking about the critical need to bring up these issues, Upkar Singh Ahuja informed that manufacturing has been the engine of every successful economy across the globe. Companies are eyeing and preparing themselves for opportunities to implement and sustain a top-down strategy for manufacturing excellence.

This event aimed to empower the participants with a variety of opportunities to enable them to grow and expand their business. The discussion involved creating World Class Manufacturing Companies which should demonstrate following traits:

• It should be ‘ZERO’ Defect, Clean & Lean company


• Absenteeism should be less than 5%


• Training man hours should be more than 72 hours per annum


• Value addition more than 4-6 times of the CTC of employees


• 30% revenue should be through new product development


• Quality PPM should be less than 5%.


• IT for Office Automation, SMED (Single Minute Exchange of Die) should be 100% recyclable packaging.

• Reduce Lead Time


• Cut Operational Cost


• Speed Time to Market


• Exceeding Customer Expectations


• Streamlining of Sourcing Process


• Maintain Global Enterprises


• Unlock the Potentials