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.
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.
Turning Strategy into Action with Effective Change Leadership Digital transformation is more than just implementing new technologies and processes in your organization. These wholesale changes to your company’s operations are
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.
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.
