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