To overcome these challenges, manufacturing firms need to balance exploration and exploitation, as well as local and central innovation and learning. They should also consider service-specific aspects when developing new services, such as more iterations and interactions with lead customers. This requires a shift in mindset and organizational norms, as well as the development of new measures and sales tools. This book has the latest information about how materials are made into products, including the machines and systems used. It also has an online platform where experts can share new ideas and research. The book shows how to design factories that can adapt to the changing demands of the global market. It examines current manufacturing practices and policies from different angles, helping us understand how production and innovation work in the world economy.