Manufacturing is entering an exciting new phase of opportunities. In developed economies, impacted by a series of recessionary trends, manufacturing is being compelled to innovate, manage rising labor costs and improve safety standards. In developing and emerging markets, rapid industrialization is sparking demand for localized products. There is dramatic change in the demographics of end-consumers and their buying behavior. Simultaneously, globalization is bringing a change in enterprise workforce culture and sourcing strategies.
In an industry that creates equipment to make things simpler for others, the information technology that enterprises use should make work simpler for them. This calls for just-in-time insights, on-demand visibility, and off-the-line innovation.
As consumer spending in emerging economies expands, new demand centers and centers of manufacturing excellence and innovation are rising as hotspots. To break the mould, manufacturers need to meet industry forces head-on in their complex make-to-order, make-to-stock, and configure-to-order requirements market.
Modernize your legacy Enterprise Resource Planning (ERP) systems to adopt next generation ERP and drive competitive advantage.
Intense competition - Manufacturers have to develop, source, make and deliver based on best-cost and best-talent decisions. Additionally, the regulatory environment enforces flexible controls across the enterprise.
Supply chain complexity - The traditional supply chain has broken. Companies are increasingly procuring from low-cost centers that are becoming increasingly interesting and popular. This is also resulting in highly complex supply chains that are difficult to manage and optimize.
Realizing value from technology investments - While technology can enable flexibility in global operations and support transformational initiatives, manufacturers struggle to justify their investments to simplify and standardize their business systems and technological support organizations.
Increased regulation - The call for more accountability in terms of student success and employability is changing core institutional processes in student management, administration, and marketing. The need? New metrics and tracking mechanisms that can help demonstrate proof of 'value addition.