The needs of the manufacturing industry have been constantly evolving, and the companies that are achieving the greatest success are the ones that view these ever-changing circumstances as opportunities to innovate. <\/p>\n\n\n\n
Embracing new technology is the key to navigating paradigm shifts. By using unified data models, building agile factories, and innovating the supply chain with AI, companies can meet consumer demand and manage their supply chains more efficiently. Leaders who implement these strategies are staying ahead of the competition. <\/p>\n\n\n\n
In this set of videos, industry experts share their thoughts on current trends in manufacturing. <\/p>\n\n\n\n
The events of the last three years have caused manufacturers to reevaluate nearly every aspect of their industry. Resilient supply chains have become vital. <\/p>\n\n\n\n
However, only a small percentage of companies actively design their supply chains. Most have multiple unsynchronized planning systems that keep them from realizing their full potential. By designing and synchronizing supply chains, companies can better control costs, reduce waste, and improve customer satisfaction. <\/p>\n\n\n\n
Planning efficient manufacturing also means accounting for data <\/a>from every touch point and stage of production. That way, companies can better translate their designs into actionable plans and optimize resource management through unified data models. <\/p>\n\n\n\n As companies adapt to the new normal, they\u2019re replacing rigid mass production with agile manufacturing and sustainable practices. <\/p>\n\n\n\n Whereas traditional manufacturing focused on driving efficiencies in single processes, modern manufacturing requires an agile system that can effectively handle multiple processes end to end. Manufacturers need to be able to go to market quickly, and for that, they need access to impactful data. <\/p>\n\n\n\n \u201cWe can have all this data, but that doesn\u2019t mean it\u2019s actionable,\u201d says Jake Hall, an industry leader known as the Manufacturing Millennial. Data becomes valuable when organizations build out the tools and knowledge needed to turn information into impact. <\/p>\n\n\n\n In many cases, achieving this involves a digital transformation that helps businesses take full advantage of the latest technology and their own data. <\/p>\n\n\n\n Companies that take multifaceted approaches to digital transformation are seeing the biggest results. For example, businesses can use smart manufacturing systems to collect and analyze data, gaining powerful insights into areas of efficiency as well as friction points. <\/p>\n\n\n\n When that real-time information meets trained employees who have the skills to act on it, businesses unlock the power of agile manufacturing. <\/p>\n\n\n\n The agile factory of the future uses the industrial Internet of Things<\/a>, the cloud, AI, and other smart manufacturing technologies. And Hall believes it\u2019s imperative that companies adopt these tools to make the most of the resources that they have. <\/p>\n\n\n\n Tune in to the full conversation with Jake Hall in this video for more on smart manufacturing and how data impacts factory management. <\/p>\n\n\n\nBuilding agile factories through smart manufacturing <\/h2>\n\n\n\n