Manufacturing has always been a complex world. And it's getting more complex. Surviving means being able to manage the new world of analytics and adapting your workforce to data-driven manufacturing. The plant of the future will take complexity and turn it into a competitive advantage. This brief explains what complexity means to manufacturers and how becoming data-driven is the path to a successful future.
Labor complexity and product complexity are major components that lead to rapid changes in how companies manage their business processes, human capital, and information. And complexity becomes controllable only if you can manage the data. Manufacturers recognize that the vast amounts of data generated from product and operations can be turned into insight and actionable information.
To compete in a data-driven world, a manufacturing company must have the analytical skills engrained in its culture, and it must provide access to the data in a format that users can digest quickly and use to make rapid decisions.
Included in this paper is an example of a $2B automotive supplier that enabled a shift in strategy by providing managers with labor analytics tools to optimize schedules and connect engineering staffing levels to sales pipelines. The company avoided increasing their engineering staff by over 20% through better analysis and decision-making for engineering staff and utilization.
Embrace this increasing complexity and adapt your capabilities to become a data-driven manufacturer.