The manufacturing and distribution industries are experiencing rapid advancements in technology, led by organizations who are embracing these changes as a way to maintain their competitive advantage and provide more value to their customers. Digital transformation brings about many benefits to companies in the manufacturing and distribution sectors that help future-proof their businesses.
Digital transformation is a major driver for success in manufacturing and distribution organizations. While digital transformation is integrating new digital technologies into your operations, changing the foundation of how things are done, you cannot completely tell the benefit of your digital transformation initiatives without measuring their impact and determining whether they are achieving the set objectives.
For organizations that want to streamline business processes and increase the efficiency of their business processes, enterprise resource planning (ERP) systems are essential tools. But, without a proper ERP implementation process, your organization will not enjoy the full benefits that ERP systems offer. From research, about 75% of ERP implementations fail to achieve their objectives because of various factors. An ERP implementation is an expensive undertaking, and a failed implementation process can cause your organization to lose valuable time and money. Using the right ERP implementation guide is one way to avoid ERP implementation project failure.
An Enterprise Resource Planning (ERP) system implementation is a massive undertaking for any organization, whether big or small. The implementation of an ERP system involves the integration of different business processes into a single system to streamline operations and improve business efficiency.
Digital transformation is the integration of digital technologies into your business processes. Having a digital transformation strategy is not just about adapting a digital technology but is a strategic and holistic approach that requires a shift in mindset, processes and culture.
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.
