ERP

The importance of servitization in manufacturing

There are numerous benefits manufacturers can enjoy as a result of servitization, which can be achieved with the correct structures and processes in place.
As markets continually shift and competition continues to rise, the role of a manufacturer has changed drastically in the past few years. With a growing number of businesses stepping into the services field, manufacturing is clearly in the midst of an industry-wide servitization transformation.

Raising profit margins using automated engineering

Autumn Budget 2017 states support for 5G mobile networks, fibre broadband and AI.
Most manufacturers see investments in factory connectivity not just as a means of cutting costs, but as a way to increase revenue. In fact, respondents to the Annual Manufacturing Report 2017 anticipate additional revenues of £775,000 over the next 12 months because of their investments in connectivity.