Manufacturers are relentlessly pursuing digital transformation to compete in the marketplace. 2018 has seen manufacturers ramp up their intent to embrace new and better technologies. As customers seek superior quality products and transparency in operations, use of traditional manufacturing methods won’t just work.
There is no cookie-cutter solution to operational challenges. Thus, business executives need to evaluate the operations of their company. The payoffs of embracing technology are no longer a pie-in-the-sky; they are real. It has thus been proven that industrial leaders that embrace technology early stand to enjoy better revenues. That said, here are some trends that are set to redefine the manufacturing industry in 2018 and beyond.
With the need to do things differently and efficiently, most manufacturers have introduced smart manufacturing into their operations. However, only a few have been able to scale up manufacturing technologies fully. As expected, smart manufacturing methods will keep getting better, and it will be almost impossible to overlook the perks that come with smart manufacturing such as zero downtimes, faster cycle time, and labour cost savings.
IT and Value Change Execution Efficiency
Initial capital outlays needed to fund modern manufacturing might are quite magnanimous. Surprisingly, the cost of not embracing technology can be even costlier. In light of this, managers have started leveraging the power of digital technology to ensure value chain processes are aligned with the organisation’s strategy. In light of this, IT and value chain technology are used to fund other areas of the business.
Rather than going all guns blazing, some industries prefer to start small as they scale up. Besides getting the best equipment, employers or managers should focus on attracting the best talents, educating and training, and most importantly changing the workplace culture. As a tip, the biggest challenge facing companies as far as digital transformation is concerned is human capital and not lack of machinery.