Manufacturing enterprises today are constantly challenged to achieve leaner operations and cut costs. The new reality following the economic downturn in 2008 and 2009 has put additional pressure on CEOs and CIOs to reduce costs more than ever. An organization that seemed nimble and focused in normal times will become sluggish and ineffectual when faced with declining demand. This change can be directly attributed to complexity in all aspects – product, process, technology as well as organization. This complexity also impacts organizations during market upturn when they need to be agile and respond faster to stay competitive.