Discarding the Linear Economy

Rethinking the Future A circular economy seeks to rebuild capital, whether this is financial, manufactured, human, social or natural. This ensures enhanced flows of goods and services. The system diagram illustrates the continuous flow of technical and biological materials through the ‘value circle’. In order to create value in a circular economy, businesses need to totally rethink their products, business … Read More

7 Forces Driving Manufacturing Transformation

To meet anticipated future challenges, 68% of manufacturing executives said they expect their firms will undergo significant business process transformation in the next three years. In a joint study between PTC and Oxford Economics they identified the following 7 Forces Driving today’s Manufacturing Transformation. Digitization: Replacing analog product and service information with a fully accurate virtual representation that can be easily leveraged across the … Read More

Industrial Internet Drives Business Transformation

Productivity can be described as the ultimate engine of economic growth. When a manufacturer embraces the Industrial Internet and connects the machines on the plant floor to the Internet via software, valuable data is produced and insights are gained. These machines become part of an intelligent network that can make data actionable and drive predictability, which is key to optimizing … Read More

ERP Evaluation

Selecting ERP software that best serves your company does not have to be the stuff of magic or dreams.  It may feel overwhelming to consider all the permutations, but in actuality it simply takes a solid process—consisting of analysis, group input and collaboration, careful planning and preparation, and maybe some consultancy or customization if needed—to identify software that will bring … Read More

Digital Transformation

Businesses are beginning to realize that, throughout their evolution, they must invest in change to keep up with and ultimately lead in a new era of connected markets.  As a result, businesses are now entering an era of “digital transformation” to integrate and improve the customer experience. Altimeter Research Group explores the role of new customer behavior and disruptive technology in influencing how organizations evolve in their … Read More

Lean Manufacturing

With its roots dating as far back as 1930, Lean Manufacturing is at the core of the “Lean” philosophies that have emerged over the past 2 decades (Agile Methodologies, Lean Startup). Lean Manufacturing was largely developed as part of the Toyota Production System (TPS) as a management philosophy and a set of principles that consider any work not generating value … Read More

Advanced Technologies Driving US Manufacturing Renaissance

SME’s Manufacturing Engineering Media releases its annual trends report declaring advanced manufacturing software (Cloud ERP and PLM), automation, multifunction machines and 3-D printing are creating the new industry of the future, but cautions that developing a highly skilled workforce is critical to sustaining momentum in the U.S. manufacturing sector.   2014: Manufacturing’s New Momentum “The business case for manufacturing goods … Read More

Cloud ERP – Security, Change Management Still a Challenge

ERP Implementation Challenges Bottom-Line Up Front: There is nothing earth shattering in the survey findings below.  The same challenges and misperceptions still remain.  Migrating or implementing a new business system is painful.  It takes the right leaders and/or consultants to navigate this process to mitigate these risks and challenges. ERP implementation projects continue to get a bad rap for running … Read More

Digital Transformation: 10 Best Practices

Technology is transforming the way we do things… How is your business planning for or executing a digital transformation? Organizations and Cloud Technologies are maturing –  and CIO’s are faced with new realities. As a business leader you are faced with a series of challenges. Below is a summarization from a recent blog post Harvard’s Chief Digital Officer: 10 Digital Best Practices … Read More

Common Challenges Manufacturing Leaders are Facing Today

As a follow-up to last weeks post “Business Transformations: Moving from the Industrial to Information Economy” below are some thoughts around what various Manufacturing leaders are thinking in this new Information Age. New or Existing Leader Role: (Owner/President/CEO/COO)   As a Business Owner or Leader supporting a leading manufacturing organization you face increased pressure to remain competitive, streamline operations, and … Read More