Published on October 29, 2023, 8:51 pm
Rockwell Automation’s 8th annual State of Smart Manufacturing Report highlights the top obstacle that manufacturers are facing in 2023 – balancing profitable growth without compromising on quality. In addition, the report emphasizes the importance of leveraging data and adopting technology to drive resilience, agility, and sustainability.
According to Gartner, two key challenges in implementing smart manufacturing strategies revolve around technology availability and data integrity as well as aligning supply chain and factory operations with the benefits of smart manufacturing.
As automation expands beyond the factory floor, managing supply chain convergence becomes crucial. This involves evaluating processes used in logistics, planning, sourcing, and customer service against those used in manufacturing operations. Cross-functional performance metrics need to be designed to assess the total value generated for customers.
Michael Larner, Director of Research at ABI Research, acknowledges that while industrial and manufacturing firms would ideally focus solely on innovation and maximizing profits, they face numerous challenges outside their control. To prepare for these challenges, firms should identify and evaluate significant issues and take strategic steps to equip production plants and supply chains with necessary technologies for operational resilience.
Thomas Lai, Vice President and General Manager for APJ at Boomi, predicts increasing challenges ahead as manufacturing organizations consider expanding into new markets. He believes that agility in terms of capacity management efficiency with capital utilization, lead time efficiency will become critical factors for success.
Lai also emphasized the need to harness data both within and outside a manufacturer’s four walls. Visibility from raw materials all the way through cash collection is essential for optimizing processes and capitalizing on opportunities.
Integration platforms can play a vital role in enabling manufacturers to thrive amid disruptions post-pandemic. These platforms help enhance resilience by providing flexibility to adapt quickly when faced with unexpected changes or uncertainties in supply chains. Integration platforms ensure efficient communication between systems while maintaining data integrity.
When evaluating integration platforms as part of modernization initiatives,CIOs should consider capabilities that improve resource utilization and enable better data access and quality. Additionally, they should prioritize platforms that facilitate scalability and market expansion, allowing technology decisions to align with business goals.
In conclusion, manufacturers are facing challenges related to balancing growth and quality while managing supply chain complexities. Embracing smart manufacturing strategies and leveraging integration platforms will be essential for resilience and agility in this evolving landscape. By harnessing the power of data and adopting cutting-edge technologies, manufacturers can position themselves for success in the future.
– Rockwell Automation’s 8th Annual State of Smart Manufacturing Report
– Gartner: Smart Manufacturing Strategy Challenges
– Michael Larner’s comments on manufacturing challenges [ABI Research]
– Thomas Lai, Vice President and General Manager for APJ at Boomi
This article was originally published on FutureCIO: PodChats for FutureCIO: Helping manufacturers to thrive against future adversity