When discussing the future of manufacturing, it’s easy to get carried away and imagine a world where technology will solve all the problems and completely automate operations. Powerful tools like AI, Machine Learning, intelligent devices and mixed reality apps are all well on their way to redefining efficiency, but that doesn’t mean CFOs aren’t facing challenges when guiding their organization towards a digitized and optimized future. Here are some of the most important ones, with suggestions on how to tackle them:
Among the C-Level positions in the manufacturing industry, Chief Operating Officers can find themselves doing seemingly incompatible tasks. Manufacturing COOs are driven by results, but also have to look to the future and try to implement bold ideas to stay ahead of the competition. Let’s take a look at the four most challenging issues faced by operations leaders in their long-term and short-term strategies and delve into how they can be addressed.
It has always been “the customer is king”, but in today’s connected, customer-centric world, this phrase is more important than ever. Customer experiences are influencing buying decisions at increasing rates, making net promoter scores (NPS) more critical to differentiating yourself in highly-competitive markets.
The increasing availability of cloud services keeps redefining what’s possible in the manufacturing world. The Cloud enables us to collect much greater data quantities than before, leading to all-round connectivity between ops, people and assets.
Manufacturers spent 2018 deliberately advancing along the digital maturity curve. As emerging trends and business models move to industry 4.0, there have been pockets of digital activity across finance and operational areas, out on the factory/shop floor and in the field.
With the general availability of Dynamics 365 Business Central on April 2, 2018, clarity is needed on the differences between Dynamics 365 for Finance and Operations and Dynamics 365 Business Central for potential users and partners alike.
The future of manufacturing is digital and forward-thinking CIOs are facing a number of new challenges in the manufacturing industry. Even as technology delivers value, it can also create exposures and weaknesses.
In the past couple of years, one of the topics that created buzz among manufacturers has been digital transformation. What was initially seen as an IT expense has, over time, grown to be accepted as one of the main strategic initiatives every CEO needs to consider.
Dynamics 365 for Finance and Operations is an advanced solution with an intuitive, easily navigable user-interface that enables users to run a modern business at a global scale and adapt to almost every perceivable challenge on the market.
Today, all you hear about is data, data and more data. It is becoming increasing critical for leading manufacturing organization to have the ability to access, analyze and manage the vast amounts of data to stay competitive and ensure profitability.