It’s no secret that success in business is a constantly moving target, with demand increasing for personalized products, faster delivery, and sustainable manufacturing methods. Today’s manufacturing companies look to stay ahead of the curve—and the competition—by embracing agile manufacturing practices.
Over the past several years, the importance of supply chain resilience has been moved even more to the forefront. Even with the worst of the pandemic behind us, companies still face supply chain management challenges including shifting customer demands, natural disasters and political tensions. To hold on to their competitive advantage, more businesses turn to digital technologies to enhance supply chain resilience and provide the ability to quickly adapt to threats to the global supply chain.
We are currently living in an environmentally conscious business era. People now prefer to obtain goods and services from a so-called “sustainable business” — an organization that uses environmentally friendly methods in production. This demand has made stakeholders begin pushing their businesses to adopt sustainable practices throughout their operations. Manufacturing and distribution businesses are now turning to enterprise resource planning (ERP) systems as a solution for building sustainability by achieving a balance between economic viability and environmental responsibility.
Companies operating in the electronics manufacturing industry are facing numerous challenges in the current technological driven era. Some of the major challenges for electronics manufacturing operations include rapid changes in technology, short product life cycles and increasing competition. However, one tool has emerged as a game changer and is helping electronics manufacturers overcome these challenges—electronics manufacturing ERP systems. An enterprise resource planning (ERP) system for electronics manufacturing can help with production processes, production planning, supply chain management, capacity planning, inventory management capabilities and more, leading to improved customer satisfaction.
The concept of “smart factories” has emerged as a game changer in the manufacturing industry, with the global market for smart manufacturing expected to reach $548.14 billion by the end of 2024.1 The technologies in smart factories—such as the Internet of Things (IoT), artificial intelligence (AI), robotics and data analytics—revolutionize the way products are designed, produced and delivered.
The integration of artificial intelligence (AI) with enterprise resource planning (ERP) systems allows manufacturing and distribution companies to gain a competitive edge across a wide variety of challenges and competitors through AI-powered ERP systems. Combining the power of both AI and ERP software gives your organization the ability to enhance operational efficiency, streamline processes and drive growth.
Plan, measure, and deliver business performance and profitability improvements to manufacturers & distributors, using our deep industry expertise and proven methodology.
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