We will see
manufacturers and their partners accelerate the implementation of initiatives
that will deliver on the promise of the Internet of Things (IoT). Embedded
sensors streaming data combined with analysis will provide better levels of
supply chain visibility, production support and customer experience
optimization, as innovative manufacturers embrace the possibilities enabled by
IoT.
Increased servicing will
be required of automated equipment. Specialized equipment makers will be
positioned to create new revenue streams by providing maintenance services on a
predictive basis with the use of sensors.
Ability to sense demand
in real-time and respond by changing prices or promotions through the
utilization of segmented logistics, inventory and performance capacities, will
allow for optimization of integrated responses.
Re-shoring will remain a
focus as manufacturers search for efficiencies and innovation, but supply
chains will still be complicated, requiring increased visibility provided by
the industrial IoT.
While labor and production in
emerging markets manufacturing has been appealing, improvements in innovation
and product quality will keep production facilities running and entice new
facilities to open, which will compete with re-shoring.
Faster times to market
with more specific products and shorter lifecycles (PLM) will result in
short-term shifting and outsourcing of logistics facilities, production and
suppliers. Manufacturers will have to quickly onboard suppliers and partners to
support rapid product development and match the capabilities and products
desired by customers.
3D printing will become
central to manufacturing strategy. Additive manufacturing will provide
additional flexibility for service parts or unique products with short life
cycles. These capabilities will flourish and will be adopted as a central part
of a manufacturing strategy.
Manufacturers will
continue to focus on maintaining cost and service certainty, even in the face
of adverse events and risks. Scenario and response planning will require
processes spanning multiple departments with the ability to understand
forecasted outcomes, and manage real-time deviations from planned outcomes.
Manufacturers who
embrace The Digital Enterprise concept will differentiate themselves and attract
the best, most sought after talent.
With the rise of IoT and
the ability to make massive amounts of data actionable through streaming
analytics and dynamic, structured collaboration, governments will continue to
increase funding for groups to create a new manufacturing revolution.
For more details visit us @www.urssystems.com
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