Manufacturing companies have traditionally been slow to react to the advent of digital technologies and their related impact across the manufacturing value chain and operating model.
Digital capabilities help manufacturing companies to exchange large amounts of data rapidly, store local data centrally without limitations, enrich processes with digital expert knowledge, generate valuable insights from this “big data” and facilitate communication and collaboration through digital channels within their value chain.
Globalizing through Digital Supply Chain Management
Driving Innovation through Digital Product Design
Business drivers, sub-processes and digital tools in Supply Chain Management
The connected nature of digital technologies enables the usage of techniques such as open innovation, cocreation and crowd-sourcing. They can be useful for generating ideas towards innovative solutions, accelerating product development and addressing the rapidly changing market conditions.
Online marketing, social media and e-commerce allow new possibilities for manufacturers to connect and address global customers and offer localized products and services. For manufacturers that have significant presence in direct consumer channels virtual digital campaigns help them address and customize their message to global consumers at effective cost by using targeted marketing.
Manufacturing companies can use integrated enterprise resource planning and advanced scheduling tools to manage global manufacturing sites and subcontractors under one responsibility. Thus, local demand forecasts and sales orders can be globally balanced and allocated to local manufacturing sites in an optimized, transparent manner
Once an agenda has been firmed up, manufacturers should gain a good understanding of the latest digital applications in the market across the manufacturing value chain. This is the starting point of identifying potential innovations that can be applied.
Values-based leadership is the idea that leaders should draw upon their own and others values-including those established for your organization-for direction and motivation.Read the Article