AGL 38.50 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 211.50 Increased By ▲ 3.73 (1.8%)
BOP 9.88 Decreased By ▼ -0.18 (-1.79%)
CNERGY 6.67 Decreased By ▼ -0.41 (-5.79%)
DCL 9.59 Decreased By ▼ -0.40 (-4%)
DFML 40.43 Decreased By ▼ -0.71 (-1.73%)
DGKC 100.00 Decreased By ▼ -3.46 (-3.34%)
FCCL 35.20 Decreased By ▼ -1.15 (-3.16%)
FFBL 87.50 Decreased By ▼ -4.09 (-4.47%)
FFL 13.98 Decreased By ▼ -0.62 (-4.25%)
HUBC 133.49 Decreased By ▼ -5.94 (-4.26%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.67 Decreased By ▼ -0.30 (-5.03%)
KOSM 7.25 Decreased By ▼ -0.61 (-7.76%)
MLCF 46.00 Decreased By ▼ -1.28 (-2.71%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 218.50 Decreased By ▼ -4.16 (-1.87%)
PAEL 39.00 Increased By ▲ 0.89 (2.34%)
PIBTL 8.96 Decreased By ▼ -0.31 (-3.34%)
PPL 198.20 Decreased By ▼ -7.65 (-3.72%)
PRL 40.40 Increased By ▲ 0.55 (1.38%)
PTC 25.80 Decreased By ▼ -0.82 (-3.08%)
SEARL 102.85 Decreased By ▼ -7.39 (-6.7%)
TELE 9.05 Decreased By ▼ -0.18 (-1.95%)
TOMCL 36.90 Decreased By ▼ -1.31 (-3.43%)
TPLP 14.05 Increased By ▲ 0.28 (2.03%)
TREET 25.40 Decreased By ▼ -1.05 (-3.97%)
TRG 58.40 Decreased By ▼ -2.14 (-3.53%)
UNITY 33.80 Decreased By ▼ -0.34 (-1%)
WTL 1.71 Decreased By ▼ -0.17 (-9.04%)
BR100 11,957 Decreased By -341.5 (-2.78%)
BR30 37,521 Decreased By -1356 (-3.49%)
KSE100 111,611 Decreased By -3249.6 (-2.83%)
KSE30 35,071 Decreased By -1124.8 (-3.11%)

LAHORE: Large-Scale Manufacturing (LSM) sector in Pakistan has potential to significantly increase exports by using information technology solutions to help the country get out of its current economic situation.

The LSM sector has faced numerous challenges including outdated technology, low productivity, and insufficient resources for investment in research and development; however, IT can help address all these issues.

“One of the most important ways IT can be leveraged in large-scale manufacturing is to manage the entire process from sourcing raw materials to delivering finished goods to customers, resulting in lower costs and improved efficiency,” said Umair Azam, Founder and CEO of Integration Xperts.

According to him, technology can be beneficial for manufacturers looking to reach international markets, as it can help them meet the demands of their customers in a timely and cost-effective manner. This will also help the manufacturers in Pakistan stay competitive in the global market.

“Another key area where information technology can be leveraged is to put quality control measures in place that ensure their products meet international standards,” said Umair, adding: “By using various sensors to monitor the production process in real time and using data analysis to identify patterns and trends that can indicate potential quality issues, manufacturers can build long-term relationships with international customers on the back of their quality products.”

Umair further said manufacturing sector is dominated by textile and clothing exports and IT can help the sector enhance its production capabilities, reduce costs, and improve product quality. Moreover, IT can enable manufacturers to sell their products directly to international customers using e-commerce, bypassing traditional distribution channels and reducing costs,” said Umair.

Additionally, he added, e-commerce platforms can also provide valuable insights into customer demand and preferences, which can help manufacturers make informed decisions about their product offerings in different regions and adjust their product offerings accordingly.

“By improving supply chain management, enhancing market visibility, streamlining productions and operations with improved sales and marketing efforts, technology can help manufacturers expand their reach and grow their businesses on a global scale,” he concluded.

Copyright Business Recorder, 2023

Comments

Comments are closed.