The world got digitized, now businesses must respond to that. How can a business pretend that they can continue their processes as they were – when those processes were made for older decades where manual processes, automation, personalization, and even optimization was not an issue?
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People. Process. Data. Things. People. IoT in manufacturing will improve business by connecting people to the right information, over the right device at the right time and span across company boundaries to include suppliers, maintenance partners, and distribution chains.
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SME’s Manufacturing Engineering Media releases its annual trends report declaring advanced manufacturing software (Cloud ERP and PLM), automation, multifunction machines and 3-D printing are creating the new industry of the future, but cautions that developing a highly skilled workforce is critical to sustaining momentum in the U.S. manufacturing sector.
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ERP Implementation Challenges
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As a follow-up to last weeks post "Business Transformations: Moving from the Industrial to Information Economy" below are some thoughts around what various Manufacturing leaders are thinking in this new Information Age.
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A business transformation initiative is not something that small to midsize manufacturing companies take lightly. Many manufacturers have been perpetually procrastinating the ERP system and business process related demands.
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"It used to be that a CEO could maintain the same basic formula for creating, delivering and capturing value for his entire career. Now, it’s unlikely to last a decade. What’s more, the cycles are shrinking and returns to scale are diminishing."- Greg Satell
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