Historically, manufacturers have “looked to the past” to help predict what they need to do in the future. This would include basic business intelligence, powered by spreadsheets, and even manual processes. The challenge is that what will happen may be something outside of what the past can predicts – who, 25 years ago, would have considered the Internet as a primary vehicle for commerce, or that Big Data would become both a treasure and a tragedy for organizations? Consider other factors, such as regulations, largely transient customers (where loyalty and brand aren’t what they used to be), disruptors (such as new entrants and technologies), and the need for manufacturers to “move faster than ever” – in effect, to be able to plan for the future before it happens.
Published By: NetSuite
Published Date: Feb 17, 2016
Frost & Sullivan surveyed 1,500 senior executives (CEOs, CFOs, CIOs and other senior managers) in seven countries (Australia, Hong Kong, Japan, Philippines, Singapore, the UK and the US). Respondents spanned all major industry sectors, ranging from manufacturing to retail. The research shows that most executives not only agree that their industry is rapidly undergoing transformation, but that flexibility and adaptability are increasingly becoming key factors for survival.
Published By: OpenText
Published Date: Jun 06, 2017
IDC Research shows that manufacturers worldwide are rapidly embracing new technologies to transform their business models and operations to improve agility, customer engagement, profit and sustainable competitive advantage.
he pursuits to reduce costs and avoid unplanned downtime remain primary operational goals in industrial plants. A convergence of factors has created an opportunity for industrial organizations such as manufacturing, oil and gas, chemicals and water treatment companies to aggressively pursue both. Although the pace of investment can be relatively slow in industrial automation (IA), technological advances, economic trends and market pressures have created an environment in which plants are compelled to modernize operational technology (OT) in order to ensure maximum efficiency and minimum process interruptions.
Simply put, OT is getting old. The industrial sector is heavily capital-intensive and traditionally utilizes equipment with long lifecycles.
Organizations with such outdated automation systems are in dire need of OT modernization to keep up with the pace of change, customer demands and business priorities, and reduce the risk of critical failures and costly downtime. Download th
Today, a range of diverse cyber-adversaries — including nation-states, cybercriminals, competitors, hacktivists, and insiders/contractors — pose financial, reputational and regulatory risk to industrial and critical infrastructure organizations.
The business impact can include costly production downtime, safety failures, and environmental release of hazardous materials, as well as theft of corporate secrets such as sensitive information about formulas and proprietary manufacturing processes.
The challenge is compounded as organizations adopt digitization initiatives and IT/OT convergence to support the business — removing any “air-gaps” that may have existed in the past.
To help security and operations teams stay ahead of the latest ICS/SCADA threats, CyberX — the industrial cybersecurity company founded by military cyber experts with nation-state experience securing critical infrastructure — has partnered with SANS to create educational content about emerging ICS threat vectors and
Both are fueled by a drive for progress, for pushing
boundaries and advancing the status quo. In these fields,
new trends are like a currency. Keeping ahead of the
next big trend means being aware of the next big seller
and allocating all the right resources – fashion design,
manufacturing, and marketing – for maximum impact.
Miss the hype and the next fashion season is bound to
hurt the bottom line.
New trends are also important to marketers because
owning a new trend is a way to differentiate in today’s
fast-moving digital landscape. It’s a way to stand out
from the pack by investing strategically in the right
approaches and technologies at the right time, then
reaping the benefits organically by leading where others
follow. Naturally, making these decisions requires a bit
of trial and error. Nobody has a magic crystal ball that
guarantees success. But as a rule of thumb, the companies
winning in digital marketing are the ones willing to
adopt new technologies while keeping an sharp.
Why modern enterprise management is
the new business reality. It’s easy—and often justifiable—to blame rapid, unceasing technological advancements as the cause of many of today’s major challenges in industries such as manufacturing, distribution, and services. Globalisation, a mobile workforce, and new apps and tools are among the many factors that have created a new reality in which:
Today’s supply chain is, of course, the primary processing mechanism of every manufacturing company. But it’s more than that: Its multifaceted, multicompany, multinational structure makes it the most complex management challenge found in any enterprise. Supply chain management no longer means just making sure that the right resources and the right materials move to the right place at the right time.
Custom injection-molding manufacturer, Bhar, Inc., needed a system that would enhance its information flow, speed decision-making, and streamline business processes. Seeking a single solution that would do all of this, Bhar chose ERP from the Plex Manufacturing Cloud and boosted efficiency by 30%.
Champion Plastics chose ERP from the Plex Manufacturing Cloud to improve efficiency, quality, scheduling, and parts tracking. Champion Plastics reduced production scheduling man hours by more than 50 percent and inventory by nearly 30 percent.
Automotive metalformer, CCI, replaced 6 disparate systems with one single integrated ERP from the Plex Manufacturing Cloud, leading to operational efficiencies , immediate ROI, access to real-time data and a highly preventative maintenance schedule.
Automotive and industrial manufacturer, Fluid Routing Solutions, chose ERP from the Plex Manufacturing Cloud and reduced ERP-related operating costs by 30%, trimmed IT costs, improved supply chain visibility and improved overall quality.
Newman Technology realized it needed a modern-day solution for production accuracy and accountability and turned to a fully integrated ERP solution from the Plex Manufacturing Cloud. Newman Technology cut inventory costs by 25% and achieves 98% inventory accuracy.
A more comprehensive tracking of products as they are manufactured was one of the reason Spring Dynamics turned to the Plex ERP Cloud. Spring Dynamics has improved inventory management, traceability, resource forecasting and employee productivity.
Cloud-based systems reduce the effort needed for ongoing support, cloud users are able to devote a higher percentage of their IT spending to new initiatives. The cost savings, combined with strategic benefits in speed, scalability, and agility, argue in favor of organizations moving aggressively to the cloud.
Enterprise manufacturing is changing and enterprise applications running in the cloud are playing a big role in helping manufacturers respond to change. Moving to a subscription licensing and cost model, the ability to access anywhere, anytime, and always up-to-date software makes cloud deployment very attractive to manufacturers today.
Quicker installation is certainly one of the benefits of SaaS/cloud deployment. Getting the right ERP system ‘up and running’ is only part of the process. With the Plex Manufacturing Cloud the transition to usability can be accomplished with minimal disruption and impressive time-to-benefit.
Automotive OEMS and parts manufacturers share one common goal –streamlined, efficient operations that maximize profitability. Plex cloud ERP brings the automotive manufacturer the features they need to produce the highest quality products, operate efficiently and maximize profitability.
Manufacturers have legitimate questions when contemplating a transition from a legacy, on-premise ERP solution to a cloud ERP system. Cloud ERP solutions have proven their viability and superiority when compared to on-premise competitors when it comes to security, businesscontinuity, cost and other factors.
When a recall occurs, every second counts. Without being able to quickly access all records of inventory movement, tracking information becomes expensive, laborious and time-consuming. Read the Minimizing the Cost and Impact of a Recall and learn which cloud ERP features, such as data management, full traceability and active compliance you might be missing in your current ERP system.
Growth is definitely on the agenda for manufacturers, along with avoiding the pitfalls of rapid growth. This was clear in a global survey recently undertaken on behalf of Epicor Software Corporation (Epicor) by MORAR Consulting. Our research identified key factors that growing manufacturers cited as essential to their success, along with risks that manufacturers believe could threaten growth for unprepared businesses.
The Epicor “Profitable Growth in Action” eZine features seven manufacturers and the factors they consider critical to their success. Get the eZine to learn how you can help boost your company’s potential for profitable growth.
As a manufacturer, you know the industry is changing. You’re expected to produce more, work faster and leaner, and find ways to make new products like those comprising the Internet of Things (IoT). Customer and employee expectations are also changing rapidly because our experiences as consumers shape our demands for business. As many factory employees are approaching retirement, a new generation is joining the workforce—a generation that wants the business systems they interact with to be as intuitive as those they use in all other areas of their life.
A new report from Aberdeen explores today’s manufacturing landscape and outlines how enterprise resource planning (ERP) software forms a foundation that can support Industry 4.0 for smaller manufacturers looking to grow.
DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Our portfolio of live events, online and print publishing, business intelligence and professional development brands are centred on the complexities of technology convergence. Operating in 42 different countries, we have developed a unique global knowledge and networking platform, which is trusted by over 30,000 ICT, engineering and technology professionals.
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