The Top Manufacturing Trends for 2016
As 2015 draws to a close, lets look ahead to what 2016 will mean for trends in manufacturing.
E-Commerce for Manufacturers
The internet revolution has left nothing untouched and has had a profound effect on technology and consumers alike, which has provided a great deal of opportunity to both manufacturers and the customers they supply. Over the course of the last decade, manufacturing companies have appropriated e-commerce and applied it to their industrial operations including distribution. Over this period, the systems they have been using have developed from basic channels for communications and transactions for buyers and sellers into an end-to-end medium through which all stakeholders can collaborate. The objective is for companies to boost their sales by communicating new online product and promotional offers, plus end customers who desire a rich and personalized online experience which a lot of retail websites can provide.
Advanced Analytics Will Gain Influence
Advanced analytics are set to become more deeply involved in the everyday processes of manufacturing companies. As a result, the workplace is set to become a great deal safer and more efficient as assets become digitized and manufacturing develops into “digital manufacturing,” encompassing design and distributed manufacturing.
Manufacturers will gain the ability to enhance their inventory by utilizing the information that is made available to them from operations and supply chain data.
Transportation and logistics Managers who work for manufacturers will have a plethora of reports at their fingertips. This will provide information on how they can continue to bring the cost of transportation down, which accounts for a huge portion of expenses, buy using data to improve continually.
Improving Levels of Quality
Data storage facilities including databases, complimented by analytical software, which is very easy to use, are among the most significant changes when it comes to gaining the capacity for companies to improve the overall quality of their products.
Gaining the Ability to Forecast Demand
If manufacturers can understand how demand changes in relation to the products they provide they can gain the ability to determine the best way to allocate resources. Predictive analytics can help manufacturers to make forecasts on how sales will go in the future based on information they have on their sales history.
Top-notch analytics modelers that are also predictive will be able to find extra factors that have had an influence on sales in the past to be applied to projections for the future.