Digitizing every phase of your supply chain is only half the battle. Digital manufacturing also entails integration of disparate systems, processes and machines. Integration enables real-time decision making based on real-time data. Digital manufacturing isn’t just about automating processes; it’s about using intelligence from multiple technologies to optimize processes and improve product design.
How to Realize the Benefits of Digital Manufacturing
Define a Digital Strategy
Develop a Business Case
Obtain Executive Buy-in
Streamline Your Processes
Develop Essential Skillsets
Define a Business Intelligence Strategy
SAP vs. Oracle Case Study
SAP and Oracle both invest heavily in cloud technology. However, our client was skeptical about cloud scalability and unsure if the products were mature and proven.
Finding an ERP System to Support Digital Manufacturing
Many ERP software vendors have been quick to respond to the evolving needs of manufacturers. They’ve committed to building capabilities such as IoT, machine learning, artificial intelligence, big data and blockchain directly into their cloud offerings. Other vendors use API to connect to external applications.
IoT is an essential component to integrate into your ERP system as it gathers sensor data from the supply chain and provides actionable analytics on design issues, lead time, maintenance needs, inventory levels, energy consumption and even the customer experience. Housed in the ERP system, these analytics can be reviewed by supervisors and communicated to decision makers on the shop floor.
When evaluating ERP systems, you should assess their ability to aggregate data from key areas of your supply chain.