Digital transformation is impacting all manufacturing and distribution businesses. No matter how complex their supply chain is, manufacturers must be able to respond faster to change, reduce excess inventory, and cut costs. Most importantly, manufacturers must deliver to customers what's been promised, and on time. To keep up with the pace of change requires an agile and modern ERP solution that is flexible enough to handle both the opportunities and challenges manufacturers face today— and tomorrow.
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A panel of experts recently convened to discuss what the coming years hold for manufacturing. They all agree that manufacturing is “enjoying a moment,” and that optimism remains high among manufacturers. Still, there are challenges to overcome and technologies and processes that will be important for manufacturers to keep on the right path. In this paper, we’ll highlight 10 trends and challenges manufacturers need to keep an eye on.
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Global Cloud ERP Market report is in-depth study on how the status is for industry. This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It also includes profiles of leading companies and brands that are driving the market with their recent developments, product launches, joint ventures, merges, and accusations. The global Cloud ERP Market report also gives a deep knowledge about market definition, classifications, applications, engagements and market trends while also showing the CAGR figures for the Forecast years 2018-2025. SWOT analysis is used to find the market drivers and restrains.
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.
Manufacturers in all segments, from food and beverage to industrial machinery and equipment, know that digitalization is coming and they need to adapt or risk obsolescence. They all want to find an easy way to do that. But there’s no easy method for achieving digitalization, also known as digital transformation or Industry 4.0. Research shows manufacturers are ready to move forward, but with small steps in carefully controlled pilot projects.
While this a move in the right direction, manufacturers should also recognize that short-term initiatives will not offer the massive gains of an enterprise-wide re-vamp of processes. The true potential of digitalization will come from new revenue streams and outcome based selling. That type of strategy must start at the top, and start now.
What if instead of racing against the clock, you could deliver on time, every time? With fierce competition, you must be able to get to market quickly and do a better job matching up supply with demand. No matter how complex your supply chain, you must respond faster to change, reduce excess inventory, and cut costs. Even more importantly, your customers expect what you promised, when you promised it. You can deliver all this and more with an ERP solution that helps you improve productivity—both in the office and on the shop floor.
Is it time to modernize your ERP? Review our checklist to help you decide.
Infor CloudSuite™ Industrial (SyteLine) is a robust ERP solution with built-in best practices and highly efficient process flows to help manufacturers improve productivity.
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