IMPACT OF CORE VALUES AND GUIDING PRINCIPLES OF EXCELLENCE MODELS ON IDENTIFIED KEY ELEMENTS OF MANUFACTURING EXCELLENCE FOR INDIAN AUTO COMPONENTS MSMES/SMES

Manufacturing Excellence (ME) continues to be one of the key focus areas for the transformations in Indian Auto component MSMEs/ SMEs. The challenges arising out of external and internal influencing factors can only be handled through excellence in manufacturing practices. However, it is inevitable for the Auto component MSMEs / SMEs to consistently struggle for the implementation of ME in the most structured and methodical way. Our earlier research review in the paper-“Key Elements of Manufacturing  Presence of CIP Structure - culture across all functions  Focus on Lean Initiative - Elimination of waste across the value chain In this research paper, the evaluation of the impact of core values and guiding principles of major ME models on commonly addressed key elements is presented. The logic behind the review of this correlation of values/principles to key elements is the fact that something arising out of core values will have a significant impact on the outcome. This is manufacturing excellence in real sense. The study also concludes on a generic framework of the hypothesis based on the impact of core values and Manufacturing Excellence. The findings of this work can beused for further research in this domain Excellence - with Special Focus on Indian Auto Component MSMEs/SMEs”, elaborates on identifying the key elements of Manufacturing excellence which are commonly addressed in major ME models. Detail study of major 7 models has shown the significance of these elements and their importance for manufacturing excellence. The focus of the study was to identify most important elements for auto component MSMEs / SMEs. A stepwise approach was adopted for this identification through a survey of industry experts. The outcome of which shows that below 7 elements are more relevant for auto component MSMEs / SMEs in India from Industry expert point of view:  Presence of Visionary Leadership, Vision/Mission  Focus on Customer Satisfaction  Presence of Robust New Product - Process Development  Focus on Employee Training and Involvement  Presence and focus on Quality Management Systems, Quality Culture  Presence of CIP Structure - culture across all functions  Focus on Lean Initiative - Elimination of waste across the value chain In this research paper, the evaluation of the impact of core values and guiding principles of major ME models on commonly addressed key elements is presented. The logic behind the review of this correlation of values/principles to key elements is the fact that something arising out of core values will have a significant impact on the outcome. This is manufacturing excellence in real sense. The study also concludes on a generic framework of the hypothesis based on the impact of core values and Manufacturing Excellence. The findings of this work can be used for further research in this domain