Information & Communication Technologies

study that micro enterprises do not have information on new geographical markets and developments in there area of activity (new machinery, new tools, trade fairs etc). Even the financial transactions related for clearance of financial instruments is checked by frequent visits to banks. Hence promotion of usage of internet and computer s would enhance their productivity.The pumps motor segment  procures number of components and parts in from different sources, the material management is controlled by the shop floor supervisor and there is frequent mismatch between the order level and the quantity on hand, resulting in huge inventory cost. Hence if technology is used in supply chain management it would result in identification of dead stock and reduce the procurement cost

The export firms are having their own web portals and doing e-commerce in a limited way, where as small export firms and manufacturing units are not doing any e-commerce due to lack of awareness, affordability for local software developers   for creation and maintenance. The computer literacy levels are also found wanting in majority of the manufacturing firms and still manually maintaining books, ledgers and other operations leading to employee drudgery. Most of the firms use software for accounting purpose. The employees of the firms have not fully used due to lack of skills. Most of the CEOs of the firms spend much of their time on raw material procurement, inventory but not on business development. Only ICT can solve the most of the problems like to know the details on line about inventory,