This Year’s Industrial Manufacturing Trends
The face of manufacturing is set for a big transformation this year as the new administration puts different practices into place. Even if their actions are minimal in the beginning, concerns about what is to come are spurring changes in the industry. Here is a look at the “first five” core concepts and trends in industrial manufacturing for 2017.
Collaboration Vs Visibility
Older methods of collaboration, such as email and fax, are no longer enough to keep the industry running smoothly. This is leading manufacturers to seek new ways to boost collaboration. Company-specific ERP systems, for example, are too limited, so software-as-a-service (SaaS) offerings are expected to grow in popularity.
The information gleaned from Big Data can be put to good use in order to enhance operations. When managers have useful information at their disposal, they can combine this with transportation management systems to bring about tremendous growth and slash costs.
Factory Floor Digital Makeover
With most devices now able to capture and process data, factory floors are undergoing a revolution. Those manufacturers that have fallen behind on upgrades will be facing a significant hurdle, and getting up to date now is the best way for firms to position themselves to react to the changing business and consumer demands on the horizon.
Focus on Sustainability
Fossil fuel-based manufacturing is being eschewed in favor of sustainable manufacturing. OPEC is expected to cut oil production this year, driving up the price of fuel. However, domestic production increases should help offset these rises. The IEA reports that renewable energy installations outnumbered those based on fossil fuels coming online in 2015 and 2016. These manufacturing operations tend to have lower overhead costs, and more and more consumers are pushing for sustainability.
The vast amount of data that is available in the Big Data age is overwhelming, and the ways it is accessed and analyzed are expected to be further honed this year, bringing about more metrics and tools for business intelligence that can be used to enhance manufacturing operations.