Competition is global and it continues to get more intense, with changes in technology, introduction of new and differentiated products and techniques. These changes are faster than what can be implemented. Profits are no longer driven by prices but with costs.[1] Customers have access to just about anything at their finger tips. The expectation like quick response, lower prices, flexible orders and quality products, is increasing every day from the customers. Our OEM's (Original Equipment

more »

... acturers) are searching for new methods of doing business and they expect their suppliers, like us to do the same. The challenge in front of us is how we respond effectively to these changing trends in the industry for our survival & growth. Change is the only certainty and the above is very much applicable to any business to achieve and sustain competitive edge. It is evident that organizations, which are innovative and visionary, have successfully implemented the change, realizing its business strategies would lead to their long term survival