As we move further down the road to the full digitalization of business, this idea of maximizing outputs while minimizing operational costs is essential to keep manufacturing efficient and match market demand.
Let's face it, evaluating and implementing new technology, especially something as huge and all-encompassing as ERP, is a daunting task. Many of us choose a technology solution that fits our needs now.
A recent paper from SAP, The Future Customer Experience, states that, "Customers are no longer content to be merely recipients of goods and services; they have become embedded in the business model itself."
From challenging times comes opportunity, and British manufacturers must embrace this in order to navigate through the 'old norms' into the 'new now'. Below I explore the key trends emerging in the sector.
For manufacturers, it is a boon these days that they can integrate their ERP system with machines. Thanks to the internet of things (IoT), it is not only easy to integrate but also a practical solution to all problems of the system.
There is now an affordable pricing optimization solution for small and midsized manufacturers; this transformation will allow even the smallest manufacturer to utilize lean principles in the pricing process immediately.
The Wire Association International (WAI), Inc., founded in 1930, is a worldwide technical society for wire and cable industry professionals. Based in Madison, Connecticut, USA, WAI collects and shares technical, manufacturing, and general business information to the ferrous, nonferrous, electrical, fiber optic, and fastener segments of the wire and cable industry. WAI hosts trade expositions, technical conferences, and educational programs.