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Supply Chain Challenges For Manufacturers

Today’s Manufacturing Challenges

  • Those experiencing growth need to double / increase productivity .
    • One of the best ways to achieve this will be through smart connected factories
  • How do we reduce lead time and waste
    • A connected supply chain can help here
  • Halve the time to market ( if not achieve even faster times that this ( I have some major manufacturing companies present on the need to reduce from 100 weeks ( 2 years) to 300 days ) by exploiting data and digital twin
  • Deliver customisation by enabling flexible operations
  • Double labour productivity through integrated intelligent automation
  • Creating increase value through disruptive new business models
Business Supply Chain Challenges For Manufacturers

The need for manufacturers to do things differently

Developing disruptive technologies

  • Moving from castings to additive process
  • Reduce drilling / holes for using fasteners to using adhesives
  • From zero / low robotics to large scale robotic assembly
  • Creating intelligent flexible workstations with AI

The Supply Chain Challenge

  • Cloud based storage
  • Digital Asset Tracking
  • Digital Trust
  • Reduced time to market
  • Predictive analysis
  • New regulations

The 9 components of Industry 4.0

The foundations of Supply Chain 4.0 ( Some say that the points below are all aligning.

  1. System integration
  2. Big data and analysis
  3. Simulation and virtualisation
  4. Internet of things (IOT)
  5. The cloud
  6. Cybersecurity
  7. Autonomous systems
  8. Augmented reality
  9. Additive manufacturing

Volatility – The need for change

The world is becoming more volatile

If we look at surviving a VUCA World – Volatility , Uncertainty, Complexity, Ambiguity and look at the volatility index plotted from 1970 to current Source: Datastream E14 (for crude oil data) Chicago Board Options Exchange

We can see that the world is becoming more volatile and the approaches / stuff we did in the 80’s , 90, 2000,s is no longer relevant.

The challenge

  • Not enough people can walk the shop floor and identify where “disruptive” approaches could provide benefits.
  • Like marketing supply chain is not seen as a skilled discipline
  • Like marketing supply chain needs to be in the boardroom
  • Owners / managers need to understand that leadership is critical Collaborative / shared leadership depends on real experience
  • Cost to serve is a crucial skill that shouldn’t be left to the accountants
  • We haven’t invested in capital equipment (just used more people) and this will ultimately cause issues in Food Production sector where with labour shortages we need more automation

If you would like a copy of the VUCA chart then contact Andrew Goode an experienced marketing and sales professional or for more information on business development approaches click here

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