The field of manufacturing emerged in the world during ancient days when humankind began to shape the naturally available components to fulfill specific needs. Particularly, the humankind that lived during ancient days would have sharpened the stones for killing animals. Thus, the manufacturing field has ancient day roots. On further development, the manufacturing field expanded to produce little more sophisticated products like utensils and furniture. In order to manufacture these little more sophisticated products, the humankind began to adopt manufacturing paradigms. The first paradigm that the manufacturing world adopted was craft production. Craft production paradigm enabled the humankind to produce products in low volume by employing few people. After the industrial revolution, the manufacturing field witnessed the emergence of mass production paradigm. Mass production paradigm enabled the humankind to produce products in large volume by employing many people. Mass production paradigm dominated the manufacturing scenario till the 1960s. Thereafter, the manufacturing world began to witness competition. In order to face this competition, the companies started adopting lean manufacturing paradigm which focused on eliminating wastes which occurred during the mass production. From the 1980s, the world began to experience the intensification of competition. In order to face this kind of intensified competition, the world witnessed the emergence of agile manufacturing paradigm. Agile manufacturing paradigm focuses on manufacturing products based on the dynamic demands of the customers.