Conventionally successful strategies such as proximity to feedstock, customers or intellectual property are challenged by energy’s volatility and input commodity prices; mass customization from competitors, supply chain intricacies, geo-political flux like China’s economic shifts and slumps from key buyers such as the auto sector.
Efficiency Gains
Executives look to increasing operational reliability, improving supply chain efficiency, managing complexity, reducing indirect spend, standardizing and automating processes and improving process yields. It’s critical to get basic ‘block and tackle’ right before pushing forward, but that requires technology processes that integrate cross-department, cross-site, cross-countries to accurately understand where efficiencies might be found. Focusing on functional excellence is not a manual task. Optimizing production process requires digital tools to analyse the variables from quality to costs to yields – all of which are dynamic – raising the bar on your ERP requirements.