Infor’s Guide to Manufacturing Software
This information-filled guide discusses the market trends that are increasing the need for adoption of each technology, provides a “shopper’s checklist” of essential features and functions, and shares success stories from real-life industry leaders. This guide will also outline how Infor’s industry-specific software and cloud-based platform are helping global companies thrive.
Walking the talk to modernization
In recent years, most manufacturers experienced modest levels of profitability helped by lower commodity prices and low wage inflation. This environment provided a brief window of opportunity to consider the role new “disruptive” technologies might have on manufacturing businesses and to discuss potential investment strategies.
In addition to contributing to the hype surrounding the Internet of Things (IoT), experts called for continued digitalization and smarter manufacturing, shifting to customer-centric operations, adoption of mobile and social platforms, and, of course, cloud deployment.
Do you share these ‘Top Concerns for Manufacturers’
- Finding and managing growth
Companies of all sizes are exploring niche and emerging markets, while “re-shoring” to domestic factories continues, albeit in a more limited fashion than previously predicted.
- Recruiting and retaining top talent
Finding and retaining talent continues to be challenging in manufacturing, which remains a relatively undesirable industry for Millennials. According to a PwC report, new hiring will remain flat, despite a brighter outlook a year ago.
- Accelerating speed to market and customization
Customers continue to expect more, which is forcing manufacturers to achieve faster turnaround times, rely on 24/7 facilities, and adapt plans more quickly based on information derived from customer-focused analytics. Configure Price Quote solutions can help here.
- Improving quality and program controls
Customers demand precision from order to delivery and expect vendors to proactively solve regulatory compliance challenges.
- Creating a competitive advantage
To fight brand commoditization and shrinking profit margins due to the need for ultra-competitive pricing, manufacturers need to accelerate product releases and jumpstart innovation, while balancing speed with affordability.
To help manufacturers choose the right software in a rapidly changing industry landscape, this guide will explore key solution areas that are essential to any successful manufacturing operation including:
ERP – Enterprise Resource Planning
SCM – Supply Chain Management
PLM – Product Lifecycle Management
CX – Customer Experience
EAM – Enterprise Asset Management
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