Technology & Innovation
 

 

       

SCPL India's most innovative companies, focusing on technology, business, & design. In manufacturing context, innovation can be said as something that is newly introduced at any level of value addition entailed in the production process and the change is successfully commercialised. Innovation is measured with respect to performance and growth, led by upgradation in efficiency, productivity, quality, competitive positioning and/or market share of the company.

 

Innovation in manufacturing process entails modification in the method of production. The alteration in the procedure can be a result of amendments within the company or across the value chain.

 

The aim of such innovation can be to reduce the turnaround time, enhance the product quality, trim the cost of production, achieve the flexibility of customising the product as per customer demands as well as reap other benefits that result into better product competitiveness.