The Capabilities of Future Manufacturers
To make the most of the new opportunities, manufacturers will need to quickly overcome current operational challenges. Manufacturers will need to completely rethink their business model: the way they source raw materials, the way they design products, the way they manufacture and fulfill customer orders, and the way they engage with employees.
People will be at the center of the manufacturing of the future as they provide the flexibility and decision-making capabilities that are required to deal with increasing globalization, complexity, and competition.
Manufacturers will better streamline business processes by reinforcing communities of shared dialogues between employees and their trading partners.
Speed of Business
Speed of business will be enabled by unrelenting change management capabilities, fast pace of innovation and knowledge sharing, better customer insight, and real-time supply chain and manufacturing visibility, enabling companies to react to customer needs and market trends before their competitors.
End-to-End Supply Chain Visibility
End-to-end supply chain visibility will be at the core of future manufacturers’ strategies. Having a full picture of supply, demand, and capacity across all levels of their supply chain will enable future manufacturers to get trading partners working together more effectively, stimulate collaboration, maximize responsiveness, and improve performance