Revolutionize Your Manufacturing Industry with Smart Technology Solutions
Investing in smart manufacturing capabilities and cloud computing resources is crucial to stay ahead of the curve and be prepared for the disruptions that are sure to come.
The manufacturing industry is facing several challenges in today's dynamic economic environment. In order to maintain business performance, reduce costs, deliver high-quality products, and address ESG priorities, manufacturers must adapt and embrace smart manufacturing technologies.
This includes the use of Intelligent Automation, IoT, AI, ML, and virtual reality, among others, to improve equipment effectiveness, reduce costs, and increase product quality. Smart manufacturing also enables manufacturers to have better market demand visibility, make qualified data-driven decisions, and achieve top performance.
As VUCA (volatile, uncertain, complex, and ambiguous) trends impact the manufacturing industry, there is a need to upgrade skills, transition to the next stage of supply chain management, and move towards a more circular and sustainable economy.
Investing in smart manufacturing capabilities and cloud computing resources is crucial to stay ahead of the curve and be prepared for the disruptions that are sure to come.
In a panel discussion focused on the supply chain planning process, experts shared insights on the importance of synchronizing the entire organization, knowing one's business and competitive advantage, and using data effectively to make better decisions.
Oracle and Manufacturing Asia lead discussions on ways to address current industry challenges and talk about what "best" looks like in the manufacturing sector today.
This includes understanding demand and supply, keeping abreast of government regulations and emerging industry trends, and having a clear SOP or IBP that aligns with organizational goals and objectives.
The panel emphasized the importance of having a solid supply chain planning process and the role it plays in creating a resilient and sustainable supply chain.
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