Advanced manufacturing technology investment: criteria for organizational choice and appraisal

Martin Putterill, William Maguire, Amrik S. Sohal

Research output: Contribution to journalArticleResearchpeer-review

22 Citations (Scopus)

Abstract

Argues that as opportunities arise for companies to exploit new markets, a critical issue is how firms should be organized to cope with innovation and competition in a fast moving business environment. Suggests changes to organizational procedures with the potential to deal with complex investment decisions better. Based on theory, surveys and practice, these include changes to the traditional role of financial analysis, extending the capital investment process to one which combines strategic and financial management considerations. Puts forward a set of criteria which should be met once advanced manufacturing technology practices have been reorganized.

Original languageEnglish
Pages (from-to)12-24
Number of pages13
JournalIntegrated Manufacturing Systems
Volume7
Issue number5
DOIs
Publication statusPublished - 1996

Keywords

  • advanced manufacturing technologies
  • innovation
  • investment appraisal
  • organizations

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