The Manufacturing industry is on the threshold of a new digital era. Digital transformation has shifted from a ‘lofty buzzword goal’ to a core competency for manufacturing organizations. Organizations, who’ve experienced digital transformation, are seeing increased market share and customer engagement, higher employee morale, and increased revenue, according to a study by the Altimeter Group.
Everything in the manufacturing - beginning with how products are made, services are delivered, and to how business is conducted - is changing. The increasingly competitive landscape is putting intense pressure on manufacturers, who still rely on traditional processes and legacy systems. Not incorporating digital technologies may leave organizations (manufacturers) at risk and affects their ability to deliver fast services, attract more customers, and increase profitability.
Boosting profits & revenue, reducing costs, improving agility and speed to market are the key business drivers for the manufacturing industry. To achieve these key drivers, along with operational excellence, manufacturers are embracing digital technology. Consequently, becoming more agile in their response to customer demands in a complex, ever-changing, global supply chain.
To effectively embrace digital technology, it is critical for manufacturing organizations to understand the challenges they face along the digital transformation journey:
#1 Outdated Processes: With everything connected digitally, it is challenging to rely on traditional paper-based processes and operate in silos; there is no longer a place for manual, time-consuming processes. To be efficient and provide employees a flexible approach to work seamlessly, organizations (manufacturers) need a modern and agile digital solution that replaces outdated and error-prone paper-based processes and converts them to digital.
#2 Organizational Resistance to Change: Where does your organization sit on change? Most employees are so entrenched in traditional processes of daily duties that, when the time comes to improve processes and incorporate new technology, they resist. They see change management as a challenge to their roles/responsibilities, at best, and a threat to their job security, at worst. To deal with this, organizations should have the best digital solution in place to reduce time-consuming processes, improve employee efficiency and reduce jobs stress by enabling access to work from anywhere, anytime, regardless of location.
#3 Legacy Business Model: Organizations have become very comfortable in their own legacy systems. They need to leave this comfort zone, revamp their business model, and proceed ahead for more efficient and faster time-to-market business processes. To achieve this, organizations should employ digital technology that provides exceptional efficiency within their existing legacy systems.
#4 User-Friendly Interface and Navigation: A well-designed and intuitive digital solution will increase employee productivity and engagement while minimizing training time. Mobile solutions (on smartphones and tablets) encourage employees to perform business transactions on the fly. This kind of mobility enables real-time transaction processing, improved data accuracy, and increased convenience.
#5 Lack of Automation: The value of automation lies in eliminating redundancies and time-consuming tasks. By embracing the right digital solution, organizations can automate and say goodbye to manual tasks, allowing for faster product updates and response times.
In order to achieve digital transformation goals, organizations need to define digital strategy and methodically transform their business functions. The pressure to keep up with innovation and evolving market needs is not new for manufacturers. Moving forward, will they be BOLD early adopters of digital transformation? OR will they be overly cautious and risk their business processes becoming redundant?
Forward-looking companies are turning to mobile technologies with superior User Experience (UX) to increase employee productivity, sales revenues, and digitize redundant paper-based processes.
Innovapptive understands these industry challenges and offers a series of the mobile solutions for Supply Chain, EAM (Enterprise Asset Management), and Field Service Operations. We are focused on achieving "instant mobilization" for enterprises with our bundled SAP/ERP certified mobile solutions.
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With more than 20 million Field Technicians around the world, the Field Service industry is a giant and growing stronger every day.
The use of these evolutionary technologies is contributing to increasing margins, improving customer loyalty and, most importantly, generating revenue for all organizations.#1 MobilityAs the field service industry experiences massive growth, companies are taking advantage of emerging technologies to transition from manual, time-consuming service operations while preserving legacy information.
Oftentimes, field service technicians need to go far into the field to fix issues or respond to service calls on equipment.
In such conditions, a drone can be sent to predict potential safety hazards before sending technicians on-site.Field visits are costly, whether they are scheduled inspections or alarm responses.
location information, product data, stock/inventory), which can be labor-intensive to track.Whether smart glasses or head-mounted tablet (HMT), wearables have many benefits for field service.
They provide cost savings and enhanced customer experiences by empowering field service technicians to fix issues faster.
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The market is competitive and no mistake is affordable.
That is why the automobile industry needs enterprise asset management (EAM) it not only provides several benefits but also provides real-time information that helps managers.In this blog, we will know how asset management helps the automobile industry!
It has all the features of CMMS & other features.According to PS Market Research, “The global enterprise asset management market size stood at $5.5 billion in 2019, and it is expected to reach $25.9 billion by 2030, exhibiting a CAGR of 17.0% during the forecast period (2020–2030)”.How Enterprise Asset Management Is Beneficial to the Automobile Industry?Benefits of EAM (Enterprise asset management) to the automobile industry are as follow:1.
It will lead to not only delayed operations but each asset is precious.With this software, you can make better decisions with real-time data & keep track of every asset in real-time.A manufacturing firm has a lot of inventories & assets that are not only essential.
Maintenance decreases the chances of sudden failure of equipment.Furthermore, rusty parts or broken parts must be removed & new parts are installed otherwise maintenance is not successful.With inventory tracking, the maintenance team can ensure that inventory is available in stock.
When assets are maintained, uptime will increase and downtime will decrease.Also Read: Types of Assets Managed by Enterprise Asset Management in Different Industries3.
The latest trending report Global Airlaid Paper Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
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).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/25339-airlaid-paper-market-analysis-reportThe major players covered in Airlaid Paper are:GlatfelterKinsei SeishiDuni ABGeorgia-PacificOji KinoclothMcAirlaid’s VliesstoffeMain S.p.A.FitesaEAM Corporation（Domtar）M Airlaid ProductsQiaohong New MaterialsC-airlaidNingbo Qixing NonwovenChina Silk (Shanghai) New Material TechnologyACI S.A.Elite PaperNational Nonwovens By Type, Airlaid Paper market has been segmented into:Latex-bonded Airlaid PaperThermal-bonded Airlaid PaperMulti-bonded Airlaid PaperBy Application, Airlaid Paper has been segmented into:Feminine HygieneConsumer WipesAdult IncontinenceIndustrial WipesTabletopFood PadsOtherThe report offers in-depth assessment of the growth and other aspects of the Airlaid Paper market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
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The report starts with the executive summary, Followed by a value chain and marketing channels study.
The report then estimates the CAGR and market revenue of the global and regional segments.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
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