The manufacturing industry generates more data than any other sector in the economy, but they’re lagging behind when it comes to making the transition to digital. Going to an all-digital management system can be a major undertaking, but it comes with a number of benefits. With the data manufacturers already have at hand, costs can be decreased, production time can speed up, and profits, along with customer satisfaction can increase.
German auto manufacturers are at the forefront of an industrial revolution. They have worked to digitize processes that helped bring ideas to production, as well as sales and delivery, and factory maintenance. By 2030, there is an estimated $1.4 trillion dollar gain by following their lead. The majority of the gains come as a result of better managing processes before and after production while the rest will come from the actual manufacturing process.
Digitizing Pre-Production Stages
Before a product can ever start running on the production line, a lot of work must be completed including research and development, testing, and product launch. Going digital allows the R&D team make better-informed decisions faster. Data integration and analysis makes it easier for everyone involved to work together with partners and stakeholders.
Digitizing the Supply Chain
With supply chain management software, you can get a clearer overview of the raw materials and any manufactured parts that come through the plant, allowing you to better spot potential quality control issues, saving time and money.
A CRM can help in your supply chain management. Keep track of relationships you’ve built with suppliers, distributors, and customers. If and when communication between your staff and any members of the supply chain is strained or challenged, then the supply chain is going to suffer. Use your CRM to keep track of all your contacts, and keep everyone on your team up to date with the status of each contact, allowing you to stay on top of any issues that may arise.
For instance, if a distributor calls upset that their order didn’t make it there on time, your customer service team can make a note of it in the account, so you can discount a future order. Then, you can make a note in the contact with the shipper that details how the situation was handled with them to make it right.
The integrations with other programs you’re already using, such as your accounting software, can help you with sales forecasting.
Using Smart Equipment
Connected equipment can help you keep an eye on maintenance issues, keeping the equipment running smoothly all the time, to make production go faster and produce more. Data analytics can also help you optimize factory operations to make sure you’re using equipment and staff in the best ways possible in terms of scheduling and product delivery. You’ll be able to send customer experience data directly to your product management team to forecast demand, and assist in the design and development of better products.
Though there’s a long way to go before we see industry-wide digital technology adoption, we’re now in the middle of Industry 4.0, or what many are calling the 4th industrial revolution.
At Insightly, we offer a CRM used by small and mid-sized businesses from a huge variety of verticals. Learn about all of Insightly’s features and plans on our pricing page or sign up for a free trial.
