Analyzing competitive priorities for machine tool manufacturing industry: ANP based approach

Abstract

In an attempt to study the success factors for the competitiveness of machine tool manufacturing (MTM) industry an in-depth study of 10 manufacturers located in India was carried out. Performance measures, especially which are related to supply chain (SC) activities, are also the part of competitive priorities [16, 17]. It can be seen that systematic identification and prioritization of SC performance indicators would help managers to integrate them into corporate strategy. An ANP approach is used to analyze the dynamic, large, and complex attribute decision. To perform the related computations, a programming platform ofMATLABTM software suitewas operated. Research findings unveiled that flexibility and quality dimensions are of foremost significance in the development of sector under study, followed by delivery indicators. However, the companies believed that cost constituents need to be focused to achieve overall SC competitiveness.