Staying relevant is imperative for survival, whether you are an established firm or a startup. Efficient execution of strategic maneuvers is a crucial part of this. It used to be a long, archaic process consisting of designing, blueprinting, implementation, and the final rollout. Companies in India today have smaller windows of opportunity and need to act fast.
The way forward
The discrete manufacturing industry needs end to end processing to cater to specific industry needs through an integrated suite of preconfigured applications. Delivered as Software as a Service (SaaS), these systems have several advantages for India.
- Fast implementation
- Integrate technology in alignment with your strategic needs
- Facilitate continuous business evolution
While digital disruption is under way with discrete manufacturing (automotive, aerospace, defense, industrial machinery) companies achieve a higher operating margin upon adoption. With technological evolution on an unprecedented scale, several companies are looking to adopt emerging technologies to execute strategic priorities.
Digital Transformation for discrete manufacturers
Transforming your organization into an intelligent enterprise can be done in a simple and effective using the following building blocks.
Provision of a digital cornerstone
Deep industrial knowledge has manifested in an integrated suite of intelligent applications, that serve as the base for next-generational business processes and digital priorities for the Indian landscape. These offer end to end support ranging from ERP and digital supply chains to customer experience, people engagement, and network and spend management.
System of intelligent innovation
Leveraging next-generation, intelligent technologies such as Internet of Things (IoT), machine learning, and advanced analytics lowers risk and helps in scaling swiftly. This makes co-creation of new business processes and models more sophisticated.
Data driven insight
Insights can be optimized based on each end-user and context using a single, trusted source of real-time enterprise data. For instance, digital boardrooms can enable executives to manage their business and enterprise, effectively. This will allow getting down to the key points, answering queries, and exploring root causes. The KPI framework in place should provide industry specific insights to enable visibility across all processes and informed decisions.
Intuitive user experience
The framework provided helps users maintain focus, and only shows relevant data and issues at any given time. While users can access all functionality, across devices whether through desktop and mobile devices for anytime, anywhere access, role-based, contextual data is only visible.
Consistency along with comprehensive support for all integrated business services and processes is necessary. This ensures that any and all integration across your enterprise – independent of size or volume – will have access to the same data and direct the data where it needs to go. This will help in seamless operations.
Initiating and executing initiatives simultaneously whether simple or extended, single or multiple should be feasible. This allows every integration to be tightly linked to each other for access, transfer and storage of data; logically connecting with other areas of your business. This is a wonderful alternative to the antiquated piecemeal approach; where solutions from different technologies each with various technical metrics are brought together. This causes the organization to lose out on agility, speed, visibility, and focus as opposed to a single system that is interconnected.
Use case studies
To truly understand the efficacy of digital transformation, let us take a look at how strategic decisions can be executed swiftly. For instance, pay per outcome business models optimize operation and capital expenditures through optimal pricing solutions. This disrupts traditional business models along with challenges such as complex pricing, contracts, and risk management.
A digital transformation pole vaults over these pitfalls by:
- Identifying new customers by learning from current customers and evolving
- Using machine learning to make smart calculations based on customer history data and experiences of similar firms
- Using locally sourced partnerships to serve global customers
- Optimizing cost and maintenance by accessing real-time information through IoT-connected smart machines
Digital transformation makes executing strategic maneuvers, both simple and evolutionary processes, isolated processes and end-to-end value chains easy and simple. The many benefits of digital transformation are outlined as follows:
- Keeping business processes simple
Digital transformation can reduce costs and headcount, and respond faster to business needs. Let us look at reducing complexity with closing the books, reporting expenses, or matching purchase orders with invoices. This can be accomplished by replacing non-differentiating processes with standardized industry processes. Improved accessibility to these processes with the suite of integrated applications can reduce cost and waste and free up resources.
- Core process differentiation
Moving from mass-produced products to products to personalized products manufactured to customer specification is increasingly necessary. With changes in customer demand and expectation, the one size fits all approach will not work. To improve customer experience, retain loyalty and serve customers better it is imperative to focus on developing a customer centric perspective. This will enable bringing about new ways to reach and capture customer sentiment.
Creation of new business models will drive end-to-end business transformation. Traditional models of selling products are evolving to selling a product as a service [SaaS] or to an outcome-based model [Pay per outcome]. Offering comprehensive solutions through partnerships by combining products with partner capabilities will enable wider reach.
Why itelligence India?
itelligence India is an SAP Platinum Partner and we bring to the table 20 plus years of specialization in discrete manufacturing solutions. IT and business processes are extremely diverse and complex within this sector and we at itelligence India can help you master them.
Our team will work closely with you and based on your specific needs, support implementation, identify the right SAP solution and adapt your business model to leverage the many advantages of the Internet of Things. We offer our own solutions and add-ons, such as it.manufacturing and it.automotive, tailored to the specific demands of discrete industries. Optimize your manufacturing processes with itelligence to meet new demands.
Feel free to get in touch if you need any information.