Manufacturer Transformation involves a complete change of the way your organization does business. It is a combination of many different processes that work together to improve productivity, reduce costs, and make your company more competitive. In this article, you’ll learn how to get started on this journey and how to build a plan that will ensure you’re successful.
Collaboration of people and systems
The collaboration of people and systems is critical for manufacturer transformation. Today, manufacturers need to leverage the insights of a new generation of workers, as well as the experience of their older staff. However, it is also necessary to make the most of new technologies. This means integrating the knowledge of multiple individuals in different locations, and leveraging these skills to enhance productivity.
As the manufacturing sector transforms, it must become more sustainable. This calls for new levels of collaboration, including those with customers, business partners, and other stakeholders. Moreover, the need to cope with turbulence reinforces the role of anti-fragility and resilience strategies.
Collaborative forecasting and co-production of knowledge are two such activities. They involve multiple players and enable real-time monitoring of processes.
Real-time manufacturing data
The key to successful transformation in manufacturing is to collect, analyze and act on real-time manufacturing data. This data helps manufacturers improve quality, increase productivity, maintain equipment and increase their Return On Invested Capital.
Manufacturers can use real-time production data to fine-tune BOMs. It also provides valuable insights into the operations and processes of a plant.
By monitoring production and process performance, manufacturers can troubleshoot equipment and machinery problems, optimize shop floor schedules and reduce scrapped parts. They can also predict when a breakdown will occur and make predictive maintenance decisions.
Real-time data allows manufacturers to communicate with customers, suppliers and partners more easily. It can also help increase yields, improve quality and increase uptime.
While data is critical to the success of the manufacturing enterprise, there are many data pipelines and processing challenges that must be overcome. As a result, it can be difficult for non-IT people to understand the entire manufacturing data ecosystem.
B2B2C manufacturing
Business to consumer (B2C) manufacturing transformation involves a structural shift in the business model. With this change, manufacturers gain access to valuable customer data and learn about their consumer preferences. The shift also enables manufacturers to create a better innovation cycle and satisfy customers more effectively.
B2C businesses have to make a fundamental mindset change and invest in new digital technologies to succeed. They may not be fully prepared for the costs and risks associated with the transition. This is why many manufacturers are working with retail technology experts to help them develop effective B2C strategies.
The shift to B2B2C has impacted nearly every industry. Insurance companies, car dealers and retailers have all experienced the impact of the blurring of the lines between B2B and B2C. In addition to reducing operational and marketing costs, B2B2C also provides manufacturers with an alternative path to market.
Business process management system
Business process management is a type of software that is designed to improve efficiency of companies. It helps companies to reduce costs, increase efficiency, and maintain regulatory compliance.
With the help of a Business process management system, companies can create customized workflows and automate tasks. This can reduce time spent on redundant work and ensure better productivity.
Several industries benefit from BPM. Financial brokerages, for example, can use the system to automate their processes. They can streamline sales processes and minimize lead times.
Often, business process management involves integrating all the systems in a company. This includes ERP, CRM, and HR systems. The resulting solution can help the C-suite make important decisions.
Companies can also benefit from Digital Adoption Platforms that can analyze, streamline, and improve their processes. Some systems offer custom connectors, such as Zapier, and integrate with G Suite and Office 365.