There has been an increased emphasis on digitalisation within manufacturing. While some may see this as a means of reducing cost, Simon-Kucher believe the bigger profit opportunities will come from focusing on the topline (revenue side of the profit equation).
Manufacturers need to move with increased agility and insight to grow and thrive in today’s competitive marketplace. In short, they need to become organisations that can connect everything in order to engage everywhere.
Understanding what makes your workforce tick and what make them strive for excellence is vital for any business wanting to generate significant improvements in throughput, efficiency and staff retention.
Many companies are either talking about or investigating how they can start to unlock the benefits of digital transformation, yet most are still unsure of where to start and what potential business outcome improvement it can deliver.
Supporting your continuous improvement projects with subsequent digital technology can be smooth, inexpensive and, with the advice and support of CI experts, results will pay dividends. Oliver Stone explains.
RS Components is the world’s largest distributor of electronic, electrical and industrial components. Freestyle’s Oliver Forrester sat down with its President of EMEA, Mike England to hear how he turns theory into practice and inspires digital transformation on a global scale.
Industry commentators believe that, over time, every machine on every factory floor will have its own digital twin. Some have even been so brazen as to suggest that at least half of large industrial companies will adopt this self-learning technology by 2021.