Advanced Manufacturing Technology: Implementation of Design AMT

Abstract

Technology plays a key role to create and maintain competitiveness in the universal arena. Technology is all the knowledge, processes, methods, tools, products and systems engaged in the design of goods or in providing services. Advanced Manufacturing Technology (AMT) is a new technology whose adoption changes the industry’s manufacturing practice, production and approaches to design and management systems. Moreover, AMT plays a critical role in developing socio-economic environment and this brings further external effects to the country. Importance of technology for competitiveness is rising in emerging environment of AMT. The role of AMT had always been well understood in the developed nations, it is being touched by small scale and medium scale industries in developing country also. The importance of technology for business success and competitiveness has been confirmed empirically in several contexts.