Manufacturing Insights

An ERP blog from MAX

2017 Discrete Manufacturing Industry Trends

Posted by Joy Budnik on Dec 28, 2016 4:00:00 PM

5majortrends.jpg With the close of 2016, we look back on a year that has brought tremendous growth to the manufacturing industry for companies large and small. As we move into the new year, let’s take a look at some of the discrete manufacturing trends you should consider when developing your business strategy for 2017.

1. Demand-driven manufacturing

Emerging over the past few years, demand-driven manufacturing has rapidly become the key to better performance and increased growth. The concept revolves around the use of data to more accurately forecast demand and become more agile in all business operations. This all rests on the ability to gather, analyze and cross-reference accurate data in a quick manner, so ensure the method you are using to collect data in 2017 is clean, clear, and concise. If you currently use unreliable spreadsheets for this analysis, consider implementing ERP software.

2. IoT and Technology

As supply chains become more complex, manufacturing companies are finding new ways to innovate with manufacturing software and technology. The Internet of Things (IoT) connects and integrates devices, systems and software in a way that is becoming affordable and accessible to all sized manufacturers. To stay on top of changes in the manufacturing environmentand manage the risk of falling behind technology trends, make sure you are setting aside an adequate budget for software implementation and upgrades. If you are considering an ERP software, download our free ERP Selection and Implementation Toolkit to help you find the right solution for your needs.

3. Global manufacturing

With the aid of the internet, you now have more access than ever to both large and small global manufacturers as a source of component materials, automation and customers. This trend will continue into 2017 with manufacturers taking advantage of increased access and opportunity. Ensure there is an accurate and efficient way to analyze your costs, production quality, pipeline, revenue, and growth to determine which opportunities to go after.

Enter into 2017 with a solid business plan in place in order to tackle these trends and turn industry challenges into opportunities. For more trends impacting discrete manufacturers, download the Whitepaper, 5 Major Trends Impacting Small & Medium-sized Manufacturers.

 

5 major trends impacting manufacturers

Topics: ERP, Trends

About This Blog

Insights, opinions and news relating to the world of manufacturing and ERP software. Read the full introduction here.

Subscribe to Email Updates

Recent Posts