Digital Transformation (DX) is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. It’s also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.
Manufacturers are under competitive pressure to deliver better goods at lower costs. They want to reduce costs and streamline processes in their supply chains and factories. At the same time, customers are asking for more unique features in the products they buy. Customization versus standard products are often difficult trade-offs with implications in design processes, production costs, and schedules.
This is where Digital Transformation (DX) can strike at the very heart of manufacturing difficulties.
But for a lot of small to medium-sized manufacturers struggling to navigate economic and market shifts, DX seems risky and the value unproven. The technology can seem out of reach or even unnecessary.
To begin to understand strategic DX, manufacturers need to look no further than current and available technologies:
1. AI and ML improve supply chain efficiencies
For instance, Artificial Intelligence (AI) and machine learning can now improve supply chain efficiencies by offering predictions on supplier reliability and cost variability. AI models are also used to improve process quality through real-time anomaly detection.
2. Bots enhance the CX
Another example is the use of bots. To more easily (and more cheaply) accommodate customer demands into quoting, design and customer service processes, companies are making use of bots. Customer service bots are AI enabled with skills such as product configuration, order taking and query handling which can allow companies to easily scale up without adding overheads.
3. IoT advances connectivity
Or a manufacturer can use an Internet of Things (IoT) platform to create opportunity by installing network-connected sensors in their products, so that operational performance data (and anomalies) can be stored in the cloud. This data can unlock tremendous value to both the manufacturer in terms of anomaly detection, preventative maintenance, quality and their customers who can understand how these assets are utilized.
With Digital Transformation (DX) manufacturers can remake, redefine, and broaden their business operations
In connecting these technologies, ERP (enterprise resource planning) platforms now offer manufacturers the chance to integrate all digital transformation technologies (AI, IoT, etc.) to remake, redefine, and broaden their business operations so that they can become more profitable and productive with the resources they already have at hand.
The key to successful digital transformation is aligning these kinds of initiatives to the overall business strategy. By developing a digital transformation strategy, a manufacturer can find cost-saving value in their operations, generate new revenue streams from their customers and even look ahead to monetizing new data being collected through digitalizing products and operations.
YGL BeyondERP is ERP Strategy Industry 4.0 ready.
A lot of ERP solutions aren’t designed to enable real-time collaboration, which has a tendency to result in information and planning silos. This obviously makes it difficult to create an agile or dynamic planning flow that truly incorporates the massive influx of data from your production floor RFID chips or the IoT sensors in your warehouse.
How YGL BeyondERP can help SMEs in manufacturing industry to adopt and implement Industry 4.0?
We Help Manage Industry 4.0 Implementation via ERP System
With YGL, you’ll be working with the most experienced professionals in the ERP industry. Whether you need short-term support or resources for a long term engagements, our ERP Consultants have the expertise to help you implement and integrate the ERP system requirement for Industry 4.0. With a core team of functional and technical ERP consultants that are both skilled and certified, we can quickly implement a robust ERP System to maximize the value of your investment.
YGL BeyondERP system applications allows you to enable a seamless workflow from your finance to warehouse and right down to your production efficiency by providing you the essential management dashboard which allows you to have a clear visibility.
As an industry leader in ERP system Implementation, we can be sure that each YGL consultants have the highest qualifications. We provide a wide range of ERP System Integrations with experience ranging from IOT(Internet of Things) right down to Data analytics on OEE (Overall Equipment Effectiveness), supporting all functional modules to complete project management for your project needs. All of our consultants are fully vetted for the project they’re submitted for, which means you’re only reviewing the most qualified consultants who do what you need done.
We Can Help to implement ERP System Integration under Industry 4.0
We look forward to hearing from you. Contact us today so that we can help you with our YGL BeyondERP which is strategy Industry 4.0 ready implementation needs heading towards Industry 4.0.
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Source: ERP Focus