LATEST INTELLIGENCE
THREE SURE WAYS TO GET YOUR
FACTORY FIT FOR THE FUTURE
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W
herever your manufacturing business is on
its Digital Transformation journey, there’s
so much to consider that it’s easy for
paralysis to set in. To keep your forward momentum,
it pays to learn from businesses that seem unfazed
by the challenge and are successfully driving
transformation and growth. We call these businesses
Grow Getters.
Step by step, embrace change
One thing Grow Getters have in common –
especially the small-to-midsize manufacturers that
we talk to – is that they move forward in small,
smart, incremental steps. They identify the big
changes they want to make, but don’t stress about
the magnitude of their ambition. They know that if
they keep making smart changes, step-by-step in the
right direction, the momentum for innovation and
transformation will build.
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INTELLIGENTCIO
Invest in visibility
Grow Getters know that they first need to identify
the right steps to take. This is why they invest in
technologies that give them greater visibility, from
the factory floor through all of their core business
processes – sales, financials, customer relationship
management, supply chains, purchasing, inventory,
shipping, invoicing and so on. We see this when
we look at their technology investments. In a
2017 paper, Aberdeen Group points to three
technology trends driving Digital Transformation
for manufacturers – the Internet of Things (IoT),
advanced analytics and cloud-based capabilities.
All three promote greater operational flexibility and
efficiency. Equally importantly, they all promote
better visibility of operations, enabling manufacturers
to achieve insights that they can translate into smart
decisions and action. n
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