ICCG BLOG -3.jpg

10 Ways Manufacturers Can Recoup The Costs Of Digitalization Efforts

Posted by Harriet Schneider on Sep 11, 2018 8:00:00 AM


With digitalization, manufacturers can achieve ROI in two ways: By reducing costs or by increasing revenue. According to, “Manufacturing's next big act: Building an industrial digital ecosystem,” nearly two-thirds of manufacturers expect digital manufacturing technologies, such as increased use of sensors, to help reduce overhead by at least 11%. A very optimistic 23% even hope to see cost savings of more than 30%. Most are basing their projections on the efficiencies gained from automation. In addition, more than half expect to see revenues gains of at least 11% (with 18% expecting revenues to rise more than 30%) over the next 5 years.

digitalization in manufacturing

Download this paper to read more about these 10 ways manufacturers can realize ROI from their digitalization efforts:

  1. Increasing automation
  2. Becoming more proactive
  3. Understanding asset lifecycles
  4. Modifying resource allocation
  5. Controlling inventory investment
  6. Maximizing in-plant generated data
  7. Using data beyond the plant walls
  8. Monetizing data
  9. Selling upgrades
  10. Selling aftermarket services

And, as always, ICCG can help. Schedule a complimentary consultation to review your questions.

Topics: ERP, Manufacturing, Infor M3, Industrial Manufacturing, Enterprise Resource Planning

About ICCG

Welcome to our Blog - ICCG Insights!

Embracing thought leadership as a pathway for growth, represents the true spirit of progressive change that will make a difference in technology-driven industries. As a consulting company, ICCG customers look to us as their value-added resource. They expect us to be proactive about solving their immediate challenges and we don’t take that responsibility lightly. It is this that drives us to share our best practices, knowledge-base, years of experience, and tried and true methodologies. These have been the hallmarks of our corporate brand.

Subscribe to Email Updates

Recent Posts

Posts by Topic

see all