In commerce, supply chain management (SCM) deals with a system of procurement, operations management, logistics and marketing channels so that the raw materials can be converted into a finished product and delivered to the end customer. A more narrow definition of the supply chain management is the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally".This can include the movement and storage of raw materials, work-in-process inventory, finished goods, and end to end order fulfilment from the point of origin to the point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.
A value chain is a progression of activities that a firm operating in a specific industry performs in order to deliver a valuable product to the end customer. The concept comes through business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
The idea of the value chain is based on the process view of organizations, the idea of seeing a manufacturing organization as a system, made up of subsystems each with inputs, transformation processes and outputs. Inputs, transformation processes, and outputs involve the acquisition and consumption of resources – money, labour, materials, equipment, buildings, land, administration and management. How value chain activities are carried out determines costs and affects profits.
Atlas Copco is a Swedish multinational industrial company that was founded in 1873. It manufactures industrial tools and equipment.
Nissan Motorsports International, abbreviated as Nismo, is a division of Nissan Motorsports & Customizing focused in motorsport and performance-oriented car models for Nissan. Nismo was initially a company, Nissan Motorsports International Co., Ltd., formed in 1984 as a result of a merger of two motorsport departments, being the in-house tuning, motorsports and performance subsidiary of Nissan. It has competed in JSPC, JTCC, the 24 Hours of Le Mans and the 24 Hours of Daytona. They currently participate in Super GT and Formula E. Nismo ceased to be a company in April 2022 by being merged with sister company Autech into a new Nissan subsidiary, Nissan Motorsport & Customizing.
Penske Corporation, Inc. is an American diversified transportation services company based in Bloomfield Township, Oakland County, Michigan. Roger Penske is the chairman of the privately held company, and Rob Kurnick is the president. Penske operates in the automotive retail, truck leasing, transportation, logistics, and motorsports industries. Penske operates in over 3,200 locations and employs more than 70,000 people globally.
McLaren Applied is a British technology and products company that has been established for more than 30 years. It is a world leader in electronic control systems, electrification, connectivity and analytics. Capabilities include design, development, manufacture and test of electronic, mechanical, electrical and software products. The company is focused on four industries: motorsport, automotive, transport and mining. McLaren Applied is proud of its Formula 1 heritage and pedigree, having formerly been a part of McLaren Group and since 2021 a fully independent company.
Unipart Group is a British multinational logistics, supply chain, manufacturing and consultancy company headquartered in Cowley, Oxfordshire, England. It has operations in Europe, North America, Australia and Japan and works across a variety of sectors that include automotive, retail, technology and rail.
The electronics industry is the economic sector that produces electronic devices. It emerged in the 20th century and is today one of the largest global industries. Contemporary society uses a vast array of electronic devices built-in automated or semi-automated factories operated by the industry. Products are primarily assembled from metal–oxide–semiconductor (MOS) transistors and integrated circuits, the latter principally by photolithography and often on printed circuit boards.
In business management theory, the smiling curve is a graphical depiction of how value added varies across the different stages of bringing a product on to the market in an IT-related manufacturing industry. The concept was first proposed around 1992 by Stan Shih, the founder of Acer Inc., an IT company headquartered in Taiwan. According to Shih's observation, in the personal computer industry, the two ends of the value chain – conception and marketing – command higher values added to the product than the middle part of the value chain – manufacturing. If this phenomenon is presented in a graph with a Y-axis for value-added and an X-axis for value chain, the resulting curve appears like a "smile".
M-Sport is a motorsport engineering company headquartered at Dovenby Hall near Cockermouth, United Kingdom. It is primarily known for entering the FIA World Rally Championship (WRC) since 1997 in partnership with Ford, manufacturing race and rally cars, and providing parts and motorsport services to customers. The company has an automotive evaluation facility at its headquarters, and a second manufacturing facility in Balice, Poland.
MTS Systems Corporation (MTS) is a global supplier of test systems and industrial position sensors. The company provides test and measurement products to determine the performance and reliability of vehicles, aircraft, civil structures, biomedical materials and devices and raw materials. Examples of MTS products include: aerodynamics simulators, seismic simulators, load frames, hydraulic actuators and sensors. The company operates in two divisions: Test and Sensors.
Borland Racing Developments is an Australian championship winning manufacturer of open-wheel racing cars, principally in the junior categories of Formula Ford and Formula Vee.
Robert Douglas Yates is a race car engine builder, former NASCAR team owner, and mechanic. He is the son of championship team owner and NASCAR Hall of Fame member Robert Yates and formerly operated Yates Racing in the NASCAR Cup Series. Yates currently is the President and CEO of Roush Yates Engines, the primary builder of Ford engines in the top-two NASCAR series ; as well as Ford Performance teams in the IMSA Michelin Pilot Challenge Series. Yates has a wife, Whitney, and four children.
Dowty Group was a leading British manufacturer of aircraft equipment. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. The firm ceased operating as an individual entity following its acquisition by TI Group in 1992.
The United Kingdom, where the Industrial Revolution began in the late 18th century, has a long history of manufacturing, which contributed to Britain's early economic growth. During the second half of the 20th century, there was a steady decline in the importance of manufacturing and the economy of the United Kingdom shifted toward services. Manufacturing, however, remains important for overseas trade and accounted for 44% of goods exports in 2014. In June 2010, manufacturing in the United Kingdom accounted for 8.2% of the workforce and 12% of the country's national output. The East Midlands and West Midlands were the regions with the highest proportion of employees in manufacturing. London had the lowest at 2.8%.
Performance Racing Industry was started in 1986 by Steve Lewis, owner of Laguna Coast Publishing, based in Laguna Beach, California. Now based in Aliso Viejo, California, the company operates PRI magazine, a monthly business publication for entrepreneurs in the auto racing industry; the Performance Racing Industry Trade Show, which launched in 1988 and showcases thousands of new racing products along with dozens of networking events and educational programs for motorsports professionals; and online properties including performanceracing.com.
The Motorsport Industry Association is the global trade association for the motorsport industry and is based in the United Kingdom. Most top-level motorsport constructors are based in the UK. Around 75% of motorsport research and development takes place in the UK.
Economy of Coimbatore is heavily influenced by information technology, engineering and textiles. Coimbatore is called the Manchester of South India due to its extensive textile industry, and IT industry, small and medium scale enterprise gdp(gross domestic product) of Coimbatore city is around $20 billion in 2021.It is second largest city by GDP in Tamil Nadu. The city has four special economic zones [SEZ], ELCOT SEZ, KGISL SEZ, SPAN Venture SEZ, Aspen SEZ and at least five more SEZs are in the pipeline. In 2010, Coimbatore ranked 15th in the list of most competitive Indian cities.
The Motor & Equipment Manufacturers Association (MEMA) was founded in 1904. MEMA represents more than 1,000 companies that manufacture motor vehicle components and systems for the original equipment and aftermarket segments of the light vehicle and heavy-duty motor vehicle manufacturing industry in the United States. Motor vehicle component manufacturers are the largest employer of manufacturing jobs in the U.S., contributing nearly 3 percent of the U.S. gross domestic product. Motor vehicle parts suppliers generate a total direct and indirect employment impact of 4.26 million jobs, up nearly 18 percent since 2012.
