In this global market, manufacturing’s success depends on the ability to manage and balance increased customer expectations while protecting margins. In other words, companies must deliver lower prices, higher quality, newer features, more customization and shorter production times while maintaining market share and managing costs effectively.
Given these steep demands, firms are shifting their focus to developing lean supply chains that can support manufacturing operations as a means of competitive advantage.
Many of these issues require specific expertise and tailored solutions. Our services include spend analysis, procurement outsourcing, procurement technology and strategic sourcing, all of which lead to savings that are both rapidly realized and sustainable.
IOT IS THE BIG THING
Manufacturers are increasingly leveraging the Internet of Things (IoT), which entails the interconnection of unique devices within an existing Internet infrastructure, to achieve a variety of goals including cost reduction, increased efficiency, improved safety, meeting compliance requirements, and product innovation. IoT’s existence is primarily due to three factors: widely available Internet access, smaller sensors, and cloud computing.
“IoT and predictive analytics are having a major impact on manufacturing, offering exciting new opportunities for connecting operations and transforming business processes,” said Michael Strand, Senior Vice President at Hitachi Solutions America. “Innovation is driving business growth, and technology is enabling manufacturers to evolve with an increasingly digital-first business landscape.”
LEVERAGING SUPPLY CHAIN FOR COMPETITIVE ADVANTAGE
Remaining competitive means delivering more value to your customers than your competitors. While pricing is extremely important, savvy manufacturers will continue to distance themselves from price wars by leveraging new technology that simplifies supply chain management, which in turn delivers many competitive benefits. These benefits include being able to operate your business more efficiently, more visibility and control over inventory, reduction of operational costs, and improved customer satisfaction and retention.
Today’s supply chain technology solutions address manufacturing needs in a variety of areas, including:
- Manufacturing Optimization
- Logistics Optimization
- Sales and Operations Planning
- Product Lifecycle Management
- Business Intelligence
- Network and Inventory Optimization