It's a big and transformative phenomenon worldwide, so of course it has a buzzy lexicon all its own. You can call it whatever you want - Digital Operations Technology, Industry 4.0, Industry of the Future, The Fourth Industrial Revolution, Smart Manufacturing - but you can't ignore it. MESA International offers a concise definition for this wave of change: "Smart manufacturing is the intelligent, real-time orchestration and optimization of business, physical, and digital processes within factories and across the entire value chain."
Born two or three years after the invention of the World Wide Web, and just 12 or 13 years old when the invention of the smartphone changed everything, the latest cohort of millennials just graduated from college last spring. Now they are entering the workforce, where they will be joining their "digital native" predecessors, who already make up more than half of the workforce. And they are even more immersed in the technology and culture of the internet than their forerunners were.
Global manufacturing companies say they have realized good results by adopting cloud applications, and they plan to accelerate cloud use dramatically by 2017 - especially in their manufacturing, engineering and operations groups. Some of the biggest benefits have come from lower IT costs, higher employee productivity, better data visibility and gains in process automation.
Challenge: A distributor of industrial equipment found itself saddled with siloed applications running in a fragmented IT environment that provided little visibility. Productivity suffered as staff had to manually process, import and export data across multiple systems, and a lack of real-time client information was causing needless delays and lost opportunities for sales and customer service.
Dassault Systèmes has signed a definitive share-purchase agreement to acquire Ortems, a provider of on-premise and cloud-based software for constraint-based production scheduling and dispatching.
You probably don't think of Henry Schein as a technology company. In fact, you probably don't think of Henry Schein at all. At No. 268 on the Fortune 500, it is one of the least known names on the list, in the most mundane of businesses - wholesaling supplies to dentists. But Henry Schein has managed to place itself at the center of a technological revolution. It has turned its dull-as-mouthwash catalogue business into the leading platform for digital dentistry, and increasingly for other medical practices.
The latest news, analysis, trends and solutions for cloud, software as a service (SaaS) and on-demand systems and their impact on supply chain management. New technologies in cloud computing are transforming the way companies do business — and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving operations through their strategic use of cloud computing and on-demand systems for supply chain management.
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