1. Continuous Testing
As small and medium scale industries are undertaking manufacturing and designing, testing, and prototyping, scale is crucial. While small-scale industries primarily focus on innovations, they should also focus on improvement in quality. This is very first fundamental principles of small scale industries to adopt.
Can only achieve it through continuous testing to ensure consistency in product quality. Testing machines like SUSTAIN/VideOmic should be used for manufacturing and ensuring continuous quality improvement.
Manufacturing and designing industries need highly accurate machinery to be used in large-scale and precise sectors such as automobile, medical, electrical engineering, transport, and logistics.
Manufacturing industries like food processing, power generation, and semiconductors have machines like SUSTAIN for producing precision machinery.
In contrast, industries like transport, automotive, medical, electrical, and semiconductors use CRISTAL for creating high-quality machines.
3. Ease of Use
Small-scale industries with fewer manufacturing machines and creating small batches of products, faster supply, and quick replenishment should be the main focus of fundamental principles small scale industries.
They Should simplify entire manufacturing operations such as supply chain by giving specifications of required components and design of small-scale machines.
Designers should also keep designing small-scale machines. Small, individual devices are readily available at small and medium-sized manufacturers, and people do not have to travel to large-scale industries to get efficient and straightforward manufacturing units.
They Should also adopt modern technologies like automation for small-scale industries to enhance accuracy, efficiency, and flexibility.
4. Small Scale Industries Tend to Be Defensive
They typically prefer not to invest in updating or introducing new technologies unless the entire industry has already adopted the latest technologies.
Depending upon their small-scale industries’ size and manufacturing capabilities, they tend to invest in their current machinery and only upgrade when required.
- Small scale industries typically keep large machines for their manufacturing processes rather than adopting high-speed and high-efficiency machines for their manufacturing processes.
- Small scale industries generally tend to invest in automation and scale machines that are large and require many people for their operations.
However, given the necessity of efficiency, they should attain efficiency even with the scale machines.
Small scale industries prefer to keep large, slow-moving machines and their processes as efficient and straightforward as possible.
5. Small Scale Industries Tend to Fail
As small-scale industries do not focus on scale, they tend to give importance to small-scale sectors that do not necessarily have large machines.
Despite keeping the scale low, small-scale industries are expected to succeed as they tend to adopt newer and newer technologies as they do not have the scale to invest in expensive and slow-moving machines.
They tend to invest in their small-scale machines as they require high quality and faster production.
6. Small Scale Industries Fail Easily
Small scale industries have a low level of automation, manufacturing facilities, and simple manufacturing processes. It makes them vulnerable to failure.
Large scale industries and big industries tend to have highly automated processes and manufacturing capabilities. When small-scale industries fail, they fail in a short time, if they fail at all. Small scale industries have small sets of industries, and enterprises are highly automated.
Therefore, the failure of small-scale industries is high. Small scale industries require high production volumes to be successful, which often results in product failure.
When scaled to a small-scale industry, acceptance of quality improvement and efficiency improvements in manufacturing processes and designs improves profitability. However, small-scale industries are highly susceptible to failure as they do not have the production level and scale to compete in the scale business.
7. Value Chain of Industrial Products
Through quality control and cost reduction technologies, small scale industries can scale up and become competitive. Although it can take more time to scale, smaller companies are more likely to succeed.
If small-scale industries can scale up efficiently, they can succeed.
Therefore, small scale industries are recommends for small-scale sectors by looking at scaling. Industries, markets, industries, manufacturing industries, and small scale industries. These are the Fundamental Principles of Small scale industries have the scope to scale up, but scaling is not the only factor.