Almost every manufacturing company has had one or the other point of contact with emerging technologies, such as the Internet of Things, robotics, artificial intelligence, blockchain, and additive manufacturing.
However, there is still a lack of clarity about how manufacturers can use these technologies as a competitive advantage.
“Emerging technologies are at the core of real supply chain disruption, including a collaborative mindset designed to capitalize on the digital investments in your supply chain”
Let us underline this statement with real facts.
Electronic Technology Co. Ltd. is a precision manufacturer of electronic parts for cellphones, laptops, consumer devices, automobiles, and more. By transforming their conventional production to a fully automated, intelligent, and modular production, they were be able to establish the following KPIs:
- 32% increase in overall production efficiency
- 33% reduction in costs
- 41% faster cycles from R&D to production
- 51% reduction in defective parts rate – from 3,000 to 1,500 per million
In order to achieve ROI goals a holistic approach – from strategy to implementation – is required, as supply chains affect all areas of the enterprise.
P.S. Together with talented teams, I build digital businesses worldwide. If you would like to exchange ideas about digital growth, feel free to contact me.