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Before the World War II, not many nations were interested in buying products manufactured in Japan. However, it changed when Japanese companies started embracing good manufacturing practices (GMPs) and now, Japanese products are in demand all over the globe, said Mr Sunil Jagasia, Vice-President, Falcon Tyres.
Delivering the Business Line Club lecture on ‘Productivity improvement through good management practices in manufacturing and service industries' sponsored by the Syndicate Bank for the students of JSS College for Women (PG Centre), he remarked that GMPs are like good habits that keep a company in a healthy state and also improve the bottom-line.
He said best or good practices generally are well-accepted guidelines or tools.
Sharing from his experience, Mr Jagasia told the students that GMPs are more reliable means of achieving quality. “GMPs make a company competitive and improve its sustainability in today's world of business and also narrow the gap between demand and supply. In the last few years, about 50 big and small industries have closed down because the main reason being they did not adopt GMPs,” he said.
GMPs come from newer technology, new learning, sharing and awareness and also from information technology, system improvement and innovations. “Above all, the willingness to change,” Mr Jagasia noted.
He also explained to the students the various quality systems that a manufacturing or a service industry can adopt. “Various quality systems are one of the good management tools or practices. By using these practices, companies have made a turn around in their businesses,” Mr Jagasia said.
He provided details about various quality certifications such as ISO 9000, ISO 9001-2008, QS 9000, TS 16949, ISO 14000 and so on. He also said that management practices are upgraded from time to time.
SyndYuva and SyndVidya, the two products launched by Syndicate Bank for the youth, were also introduced to the students. It was told to them that Syndicate Bank was in the forefront in disbursing loans to students pursuing their higher education.
Dr B. C. Neelakanta, Director, JSS College for Women (PG Centre), welcomed the gathering. Prof T. A. Subramanya Setty, Head, Department of Commerce, proposed a vote of thanks. Dr K. S. Rajashekhara of the Department of Economics was also present.
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