It goes without saying that many companies have focused on digital developments in recent times. Regardless, in 2018, manufacturing trends have gathered momentum. This has mainly come about due to the need to further operational efficiency and cut down on costs.
1. Leveraging Digital Platforms
In improving customer satisfaction and production models, some organization have leaned towards digital platforms for improved outcomes. ZARA, for instance, has recently announced that they would be digital pop up stores, in which store employees will use mobile devices and Bluetooth credit card terminals for efficient deliveries. This could be a solution to long queues and crowded stores.
2. Practical Adoption of the Industrial IoT
Integration of internet applications to mechanized processes has led to more efficient manufacturing practice. Some early adopters have taken the Internet of Things on board to streamline production. The recently concluded IoT Forum Africa 2018 in Johannesburg, South Africa bore testament to this, with companies such as Uber, SqwidNet and the IDC in attendance.
3. Increased Visibility Through Real-Time Visibility
When it comes to optimizing the supply chain, one of the major challenges companies face is accounting for stock in transit. This is especially true for businesses that ship products to various parts of the world. To combat this, tracking products in real time has been implemented by a number of firms.
WILEC’s automated warehouse monitoring technology is an example of such activity. Through this innovation, the electrics manufacturer has since been able to better identify supply bottlenecks.
4. The Economics of Sharing
Traditional business practice has long focused on gaining an edge over one’s competition. This strategy has also been witnessed in the manufacturing sector. However, some 2018 manufacturing trends seem to be turning this concept on its head.
The appearance of companies such as Lyft, Uber, and Airbnb have popularized the idea of platform/sharing models. Retail giant Walmart for instance, came up with a concept in which its staff has an opportunity to make additional income by delivering products on their commute home.
What Do 2018 Manufacturing Trends Mean For You?
Not all companies will adopt the above 2018 manufacturing trends and therein lies the difference. In order to stay ahead of the competition, it is necessary that one not only reduces the cost of production but stays abreast with technology. In the modern day, it can even be argued that the two are synonymous.
This is why Bizzco has focused a good number of its training courses on relevant supply chain management and manufacturing concepts. Take a look at our current training schedule to see how you can make your company competitive in the ever-changing manufacturing scene.