Whether in aerospace, defense, energy, heavy equipment, or other complex discrete manufacturing industry, the need for comprehensive visibility into production performance has become increasingly imperative to stay competitive. Fast, reliable and accurate information is the name of the game, and manufacturers need to rely on more digitized processes and less manual interaction as they seek to effectively manage their operations and work toward optimizing their supply chains.
According to ARC Advisory Group, the next decade will be about empowering value networks, whereby manufacturers will transform from a plant-centric integrated model to a more advanced model that focuses on value network collaboration. This network includes the companies that work together to deliver goods and services to end customers—creating an inter-related supply chain ecosystem that manufacturers need to succeed in for a competitive edge.