Engineering evaluation about the role of innovation in a globalized economy

New trends in production processes result in the important role of innovation in a globalized economy. In the different market segments, strong competition does not allow even the smallest loss of the traditional processes, so the whole value-add process has to be managed by a complex, globalized, IT-based system and standardized management methods. In order to provide adequate and effective solutions the critical process elements, a whole new set of innovative engineering methods has to be developed. This paper analyses the means related to the existing production systems of light industry, discussing in detail the LEAN logic that is to minimise stock levels; and on the other hand attempts to give an overview of the up-to-date methods in proportion to their actual role.

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URL (Óbuda University, Budapest, Hungary)

Keywords:

Globalization, Innovation, LEAN, Management system

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Language(s):English
AuthorsKoczor, Zoltán (Fashion, Product and Technology Institution, Budapest Technical University), Takács, Áron (Fashion, Product and Technology Institution, Budapest Technical University)
Keywords:Globalization, Innovation, LEAN, Management system
Last update:2008