| FROM THE PRESIDENT’S
The twentieth century lies behind
us and we are squarely up against the imperatives
of the twenty first century.
This is a time for making new-year resolutions
and even set the tone for the millennium. And
what better resolution can there be for the component
manufacturers than to resolve to "be there"
before the Year 2005.
Benchmarking has been a tool so far
used only by the large companies who could afford the
services of expensive international consultants. Most
global MNCs do benchmarking studies as a regular activity.
Benchmarking tells the companies where they stand as
compared to their competitors, domestic or international.
Once the competitive strengths and weaknesses are known,
companies can devise specific measures to address the
weak areas, while sustaining leadership in the strong
ones. Indian industry, particularly the small and medium
companies cannot hope to become world class without
first understanding the performance gaps with their
global competitors. This is the first hurdle and the
key question is "what really is world class and
how do I compare with them?"
The ITC Gauge has brought an international
class and affordable Benchmarking Service specially
designed for the small and medium auto-component manufacturers.
The Gauge has been exclusively developed for the auto-component
industry using the expertise of ACMA and its counterpart
organizations from South Africa, Argentina, Turkey,
Thailand, Brazil, Mexico, Italy, Malaysia, Zimbabwe.
This Gauge was launched by the ACMA Center for Technology
(ACT) in January '99 and since then more than 30 companies
are availing its services.
If we really want to survive, many
more companies in our industry need to embrace Benchmarking
as an indispensable tool for corporate performance positioning
and focused internal improvement activity.