{"id":9492,"date":"2020-06-02T03:34:11","date_gmt":"2020-06-02T03:34:11","guid":{"rendered":"https:\/\/sg.syspro.com\/blog\/how-manufacturers-can-prepare-for-the-upturn-by-embracing-technological-innovation\/"},"modified":"2021-03-04T14:51:01","modified_gmt":"2021-03-04T14:51:01","slug":"how-manufacturers-can-prepare-for-the-upturn-by-embracing-technological-innovation","status":"publish","type":"post","link":"https:\/\/sg.syspro.com\/blog\/digital-business-and-erp\/how-manufacturers-can-prepare-for-the-upturn-by-embracing-technological-innovation\/","title":{"rendered":"How Manufacturers can Prepare for the Upturn by Embracing Technological Innovation"},"content":{"rendered":"

In a new survey called the \u201cAgents of Transformation\u201d<\/a> <\/strong>report 2020, 95% of respondents said that their organizations had changed their technology priorities during the pandemic. Additionally, 71% could point to digital transformation projects that were implemented within weeks rather than the months or years it would have taken before the pandemic. If the pandemic has taught business leaders one thing, it is that being agile and embracing digital transformation is no longer a luxury, but a necessity.<\/p>\n

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Now more than ever, for manufacturers and distributors to remain relevant,<\/strong> and to thrive in the future, they need to roll up their sleeves and tackle the transformation challenge head-on so they can create real-world impact. The benefits of transforming digitally will be far-reaching.<\/strong> This includes the ability to innovate rapidly, the ability to offer a shorter time to market, and the capability to prevent wastage by storing less inventory. Long term results include more efficient supply chains and higher capital efficiency.<\/p>\n

The good news is that you can use ERP to support your overall digital strategy.<\/strong><\/a> The key is to ensure that it is future-fit; that it has the capacity to act as the heart of your organization; and that it can provide you with the critical information you will need during the transformation process.<\/p>\n

Where to begin your digital transformation journey<\/strong><\/h2>\n

The best starting point is to gain a clear understanding of your current environment<\/a><\/strong> and to ask the fundamental question: \u2018What do we want to achieve from digitalization?\u2019 The answer will help to guide your decision-making and define the way forward.<\/p>\n

Manufacturers should look at hiring an automation specialist to assess your business and current landscape. This specialist will start by auditing your equipment, technology, processes, and types of interactions with customers, suppliers and employees. This process will help identify gaps, bottlenecks, opportunities and missing pieces in your operations. Once you have a good understanding of your current situation you will be in a better position to define a clear strategy and implement a step-by-step plan of action that will support your organization\u2019s transformation journey.<\/p>\n

Building your digital toolkit<\/strong><\/h2>\n

With a strategy in hand, the next step will be to select the technology to enable your digital journey.<\/p>\n

This could include connected services, ML, AI or even chatbots:<\/strong><\/h4>\n