Vol. 3 No. 1 (2024): The QUEST: Journal of Multidisciplinary Research and Development
Articles

Operation of Chinese Enterprises Using Smart Manufacturing: Basis for Strategic Plan

  • Lei Chen,
  • Jet Aquino
Lei Chen
Salcomp (Shenzhen) Company, Ltd., Shenzen City, China
Jet Aquino
Nueva Ecija University of Science and Technology
DOI: https://doi.org/10.60008/thequest.v3i1.170

Published 06/30/2024

Keywords

  • Chinese Companies,
  • Smart Manufacturing,
  • Operations,
  • Strategic Planning,
  • Market,
  • Competition
    • ...More
    Less

How to Cite

Chen, L., & Aquino, J. (2024). Operation of Chinese Enterprises Using Smart Manufacturing: Basis for Strategic Plan. The QUEST: Journal of Multidisciplinary Research and Development, 3(1). https://doi.org/10.60008/thequest.v3i1.170

Copyright (c) 2024 The QUEST: Journal of Multidisciplinary Research and Development

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Abstract

Focusing on Chinese companies, this study examined their operations in smart manufacturing and provided key information for strategic planning. Investigating the position of Chinese companies in the smart manufacturing market through an online and offline questionnaire survey, the study found that companies became increasingly competitive. The adoption of smart manufacturing technologies had a profound impact on companies' market positions, driving them to better adapt to market demands. The study looked at the impact of smart manufacturing on productivity. By adopting technologies such as automation, big data analytics, and real-time monitoring, Chinese companies optimized their production processes, improved productivity, and reduced production costs. The findings suggested that smart manufacturing played a key role in stimulating innovation. By introducing advanced technologies and digital solutions, companies not only improved their products and services but also accelerated the introduction of new products. The study examined the Chinese government's policies and support measures for smart manufacturing. Government support was identified as one of the key factors driving firms' adoption of smart manufacturing, covering a wide range of aspects such as financial incentives, industry standards, and technology development. In terms of sustainable development, the adoption of smart manufacturing positively impacted resource efficiency, waste reduction, and environmental impact. Chinese companies sought to achieve economic growth while focusing on sustainability and environmental protection. Taken together, this study provided a comprehensive summary covering key areas such as market position, competitive environment, productivity, innovation, government policies and support, and sustainability of Chinese companies in smart manufacturing. This provided foundational information for companies to develop relevant strategic plans.

After the research period, the conclusion about the operational strategic planning of Chinese enterprises utilizing smart manufacturing from 2024 to 2033 is drawn: Chinese smart manufacturing enterprises should strengthen competitiveness, improve productivity, innovate continuously, make full use of government policy support, and achieve sustainable development during the period of 2024-2033 in order to cope with the changing market environment and challenges and achieve long-term stable growth.

Keywords: Chinese Companies, Smart Manufacturing, Operations, Strategic Planning, Market, Competition

 

Full Paper

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