Thursday, April 8, 2010

IT Helps Manufacturing Companies Weather Economy

IT investments have given manufacturing companies the ability to respond quickly to the turbulent economic conditions over the last several years. Access to true data visibility allowed them to make quick decisions based on facts, rather than a ‘gut feel’. This has resulted in greater financial success for these companies and poised them for a smoother transition into a recovered economy.

A recent article by Emily-Sue Sloane on managingautomation.com details this success from a report from analyst firm IDC Manufacturing Insights. Vice President of Research, Bob Parker noted that, “Technology has changed the game for manufacturers in fundamental ways.” The article goes on to note that,

In the past decade, technology trends such as virtualization, ERP consolidation, and business intelligence/analytics contributed to business’ agility and helped to bring down the cost of IT as a percentage of revenue, from 3.7% at the end of the last decade to 2.3% now, on revenue that doubled over those 10 years. IDC anticipates a progression to other economical technologies, such as cloud computing, virtual ERP, and something IDC calls “socialytic applications”, a combination of collaboration technologies and analytical tools.”

IDC expects to see new strategies gain momentum, including strategic outsourcing, shared capacity, and collaborative innovation. IDC also anticipates that manufacturers will turn to more sophisticated sales & operations planning processes to better balance supply and demand.

Below are the top 10 predictions for Global Manufacturing:

#10: Armed with metrics, manufacturers will move from sustainability reporting to intelligence.

  • #9: Smart services and the need for persistent assets will create the inflection point for RFID, sensors, and M2M.

  • #8: Firms will create intelligent fulfillment capabilities networks.

  • #7: Manufacturing companies will see factory assets as part of a fulfillment capabilities network.

  • #6: Manufacturing companies will become more mature in their use of enterprise PLM applications.

  • #5: Manufacturers will look to better align innovation with business strategy.

  • #4: “Dynamic optimization” will dominate capability investment to support redefining the supply chain.

  • #3: Manufacturing companies will begin the process of fundamentally rethinking their supply chain structures, evolving from a fixed-cost-driven supply network to a variable-cost-driven value network.

  • #2: IT organizations will look for cost structures that are more variable as they assist in making technology a focal point of business strategies.

  • #1: Companies will transform business models to better meet the needs of increasingly demanding customers.

  • To read more about this topic click here.
  • 36 comments:

    1. This has resulted in greater financial success for these companies and poised them for a smoother transition into a recovered economy.
      ppe

      ReplyDelete
    2. If the people desire to find their own effective moving companies then they should first check whether their preferred companies have good reputation.
      showboxdownloadsapp.com

      ReplyDelete
    3. We are hearing everyday about people who are struggling just to keep their head above water and with the cost of living going up and a number of other factors going on, it has become very difficult for a lot of people out there.
      best penny stocks to buy

      ReplyDelete
    4. Manufacturing companies will become more mature in their use of enterprise PLM applications.shadow boards

      ReplyDelete
    5. Use Kodi App on your devices to download other streaming applications easily.

      ReplyDelete
    6. GBWhatsapp apk Download Latest Version 2018. Download Latest GB Whatsapp for Use 2 Whatsapp in One Mobile

      ReplyDelete
    7. سواء كان ذلك لنقل أو تفكيك غرف المعيشة أو المطابخ وغرف النوم أو المنازل الخاصة أو الأجهزة الكهربائية ، فالكثير من الفنيين والعمال والنجارين والمهنيين ينقلون
      شركة نقل عفش
      شركة نقل عفش من الرياض الى الامارات

      شركة نقل اثاث من الرياض الى الامارات
      شركة نقل عفش بابها

      ReplyDelete
    8. This comment has been removed by the author.

      ReplyDelete
    9. Click here to go to its official site. Click and download the setup file.
      Install the Bluestacks on your Windows 8 / Windows 7 operating system. ...
      You can search for the application from the search box which and can install it after downloading..apk files are downloaded and stored in subfolders under a location on your device called /data . By default, you do not have permissions to read from that location. In order to read/write in that location, you will need to root your device.
      https://dreamleaguemod.com/
      https://kickthebuddymod.com/
      https://realracing3mod.com/
      https://downnetflixmod.com/
      https://downpixelgun3d.xyz/
      https://kingdomrushhacks.xyz/
      https://shadowfight2mod.club/

      ReplyDelete
    10. You can search for the application from the search box which and can install it after downloading..apk files are downloaded and stored in subfolders under a location on your device called /data . By default, you do not have permissions to read from that location. In order to read/write in that location, you will need to root your device.
      https://shadowfight2mod.club/
      https://downfreefirehack.xyz/
      https://gangstarvegasmod.club/
      https://deadtrigger.mobi/
      https://tind-world.com/
      http://fmobihack.xyz/
      https://kmatsermod.com/
      https://driving-apps.com/

      ReplyDelete
    11. إذا كان هناك نقص في فئة معينة في المستعمرة ، فإن النمل الأبيض يمكن أن يغير بالفعل وضعه الطبقي. بمعنى آخر ، يمكن أن يصبح اللحام عاملاً ، ويمكن للعامل أن يصبح عضوًا تناسليًا ، وهكذا.
      شركة مكافحة حشرات
      شركة مكافحة النمل الابيض بالرياض
      شركة مكافحة الصراصير بالرياض

      ReplyDelete
    12. All the Whatsminers are made with advanced Generation ASIC Bitcoin Miner technology to get high efficiency. It is the best and excellent minor for Peer coin (PPC), Bitcoin (BTC), Bitcoin Cash (PPC), Cure Coin (CURE), Unbreakable (UNB), eMark (DEK), Joule coin (XJO), Acoin (ACOI), Crown (CRW) and Terra coin (TRC). Click here for more info: Whatsminer M30S++

      ReplyDelete
    13. Welcome to merakibyFridaR we offer carefully printed shirts and tank top for people in various sizes and tones for New Year, Happy Christmas, and Valentine's Day. Our need is to give quality items to fulfill our clients.

      We have a huge number of plans in the line. Assuming you can't track down a particular plan here, message us and propose the plan, we will attempt to give you that particular plan.

      ReplyDelete
    14. Are you fond of collecting landscape images for your living room, drawing room, or any other place? We have this limited edition photograph that you can buy in high-quality material made of the Hahnemuhle photo rag. It is composed of lignin-free and acid-free material on 100 percent cotton in three sizes. Here is the product link: Limited Edition Fine Art Photograph

      ReplyDelete
    15. 14k gold filled dainty crescent moon stud earrings. These perfect minimalist stud earrings look great alone or mixed and matched with other cute studs if you have multiple piercings. To buy this product click here: Plain Hoop Earring

      ReplyDelete
    16. You can hang the multi-aperture frame in the baby's room. The letters "welcome to the world" are printed on the top side of the frame, and it will provide a customization option. You can add the baby's name on the bottom of the frame. Best of all, this frame will come along with a wall-hanging hanger kit and six amazing colors. The colors available are white, black, light grey, dark grey, oak, and pine. To buy this product tab the link hare: Baby Scan Multi Aperture Frame

      ReplyDelete
    17. Thank you so much for sharing this great blog.Very inspiring and helpful too.Hope you continue to share more of your ideas.I will definitely love to read. industrial infrared heaters

      ReplyDelete
      Replies
      1. The information you have shared here is very helpful. I really like and appreciate your work. Thanks again for it, keep us updated in future! Gbwhatsapp and COC Mod APK is also the best!

        Delete
    18. For horse lovers, there are necklaces and bracelets available in the jewelry. A horseshoe is attached to the bracelet and necklace as a charm or pendant. Both necklace and hand band are made of high-quality material that will long last. Other than that, a leg bag for horse riders is available on this website. Many zippered pouches are designed in the bag to keep the different things. Plus, an adjustable belt is sewed with the bag to tie with the leg.
      Personalized Photo Projection Necklace Gift for Horse Lovers

      ReplyDelete
    19. Yes,I agree with that. Currently,Thanks to the development of smartphone technology,everyone can do so much with a smartphone.you can even follow the person you want with the software, It is a great tool to spy on other people’s chats, call logs, and multimedia files without letting them know. you can visit here,if you need To spy on someone’s cell phone

      ReplyDelete
    20. If you are planning to set up a company in California, and you are facing tax problems. All you need to do is form a california llc. You can rest assured that I will provide you with a solution, you will be guided through the steps of setting up a limited company.

      ReplyDelete
    21. Welcome to our shop. Our company is making beautiful art design for home,offices,mosque etc. Digital art is more efficient and time saving. It is easier than physical art because when you can design your art, if you make a mistake then press undo,and your art starts again. We have amazing art design.click here:BABY FOOTPRINT ART

      ReplyDelete
    22. Welcome to our shop. Our company is making beautiful art design for home,offices,mosque etc. Digital art is more efficient and time saving. It is easier than physical art because when you can design your art, if you make a mistake then press undo,and your art starts again. We have amazing art design.click hereBABY FOOTPRINT ART

      ReplyDelete
    23. Notwithstanding its processing plants, it likewise works a developing filling station chain at Walmart Super-focuses and at certain different stations in the United States. Murphy Oil had more than $23 billion in income in 2010, making it more modest than a significant number of the bigger organizations in the business yet at the same time bigger than a considerable lot of its immediate rivals. mélybölcsős szállítás Europa-Road Kft

      ReplyDelete

    24. I really appreciate this wonderful post that you have provided for us.
      I feel strongly that love and read more on this topic. I have spent a lot
      of my spare time reading your content. Thank you a lot.

      Click here to chceck my blog :: 오피사이트

      (freaky)

      ReplyDelete
    25. I really enjoyed this blog, thanks for this information. Download FMWhatsApp APK

      ReplyDelete
    26. Thank you for sharing this. It was helpful. Keep sharing such things.
      Also checkout MLBB MOD APK.

      ReplyDelete
    27. During the initial not many years, new companies begin to construct their notoriety, assemble possible clients and customers, make execution records and grow their organizations undeniably. All of this requires appropriate showcasing, https://www.opiniones-empresas.com

      ReplyDelete
    28. Devon Energy, established in 1971, is one of the biggest autonomous United States based makers of oil and gaseous petrol with its central command in Oklahoma City, Oklahoma. HitachiCredit Putney Aviva

      ReplyDelete
    29. Lovely article regard The Chair Guider lots of love from united states of america

      ReplyDelete
    30. SayNetWorth.com is an incredible website that offers a treasure trove of information about millionaires, celebrities, and businessmen. It provides fascinating details about their net worth, educational backgrounds, and more. With its user-friendly interface and comprehensive database, SayNetWorth.com is a go-to platform for those seeking inspiration and insights into the lives of successful individuals. Whether you're looking to learn from their achievements or simply indulge in fascinating facts, this website has you covered. Highly recommended for anyone interested in the world of wealth and success.

      ReplyDelete