AIRLINK 81.30 Increased By ▲ 1.89 (2.38%)
BOP 5.29 Decreased By ▼ -0.04 (-0.75%)
CNERGY 4.51 Increased By ▲ 0.13 (2.97%)
DFML 35.09 Increased By ▲ 1.90 (5.72%)
DGKC 77.98 Increased By ▲ 1.11 (1.44%)
FCCL 20.55 Increased By ▲ 0.02 (0.1%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.19 Decreased By ▼ -0.06 (-0.59%)
HBL 117.32 Decreased By ▼ -0.61 (-0.52%)
HUBC 136.20 Increased By ▲ 2.10 (1.57%)
HUMNL 7.00 No Change ▼ 0.00 (0%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 4.55 Decreased By ▼ -0.19 (-4.01%)
MLCF 37.50 Increased By ▲ 0.06 (0.16%)
OGDC 137.40 Increased By ▲ 0.70 (0.51%)
PAEL 22.87 Decreased By ▼ -0.28 (-1.21%)
PIAA 26.79 Increased By ▲ 0.24 (0.9%)
PIBTL 6.83 Decreased By ▼ -0.17 (-2.43%)
PPL 114.15 Increased By ▲ 0.40 (0.35%)
PRL 27.65 Increased By ▲ 0.13 (0.47%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.55 Increased By ▲ 0.35 (0.61%)
SNGP 66.95 Decreased By ▼ -0.55 (-0.81%)
SSGC 10.99 Decreased By ▼ -0.10 (-0.9%)
TELE 9.22 Decreased By ▼ -0.01 (-0.11%)
TPLP 11.48 Decreased By ▼ -0.08 (-0.69%)
TRG 70.90 Decreased By ▼ -1.20 (-1.66%)
UNITY 25.45 Increased By ▲ 0.63 (2.54%)
WTL 1.34 Decreased By ▼ -0.06 (-4.29%)
BR100 7,627 Increased By 101.2 (1.34%)
BR30 24,792 Increased By 142.7 (0.58%)
KSE100 72,622 Increased By 651 (0.9%)
KSE30 24,005 Increased By 255.5 (1.08%)

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The LSM sector has faced numerous challenges including outdated technology, low productivity, and insufficient resources for investment in research and development; however, IT can help address all these issues.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