Process Manufacturing
Today's process manufacturers need to shorten cycle times, reduce scrap materials, lower costs and reduce the risks associated with new innovations. Too often, companies use disconnected systems and inefficient processes, leading to poor cross-functional coordination and rendering the product development process ineffective. Process manufacturers will need to begin addressing challenges by standardizing planning and innovation across business divisions, product lines and distributed teams.
Key Challenges
- Managing a volatile mix of opportunities and challenges requires extreme agility, accurate forecasting and hedging strategies
- Implementing ways to react quickly to increasing and changing customer demands
- Maximizing value from global and complex network of plants and distribution centers throughout the world
- Optimizing purchasing and production plans and enabling fast-paced decision making processes that involve cross functional teams
Ways to Overcome Challenges
- Create an integrated information backbone to plan, procure, manufacture, distribute and market products
- Centralize knowledge assets and systems to capture production process knowledge that will improve production methods
- Optimize production capacity by rapidly adapting manufacturing systems to adjust for shifting industry demands
How We Can Help
- Implement a centralized data architecture that supports an integrated system which tracks the flow of information, from the customer order to delivery
- Improve quality with real-time visibility into quality at every phase of production, including raw materials, intermediates and final products
- Implement business practices such as collaborative forecasting and vendor- managed inventory tracking
- Integrate formula, material and recipe management processes and track total production cost by batch, customer, business, or region
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