A world-class manufacturer is successful against any competition by matching or exceeding competitors on quality, innovation, lead time, flexibility, cost, and customer service. It means implementing lean manufacturing to minimize waste and costs. Key steps include focusing on competitive quality through six sigma and FMEA, reducing time-to-market through risk analysis and new product development, and exceeding customer expectations by surveying customers and setting high standards. A global perspective is also important as customers seek world-class products.