{"id":4593,"date":"2016-02-11T14:00:04","date_gmt":"2016-02-11T22:00:04","guid":{"rendered":"https:\/\/blog-prod.qad.com\/blog\/?p=4593"},"modified":"2020-02-03T13:17:09","modified_gmt":"2020-02-03T21:17:09","slug":"why-manufacturing-needs-to-reinvent-itself-fast","status":"publish","type":"post","link":"https:\/\/www.qad.com\/blog\/2016\/02\/why-manufacturing-needs-to-reinvent-itself-fast","title":{"rendered":"Why Manufacturing Needs to Reinvent Itself — Fast!"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]\"feature_2Manufacturing-Needs-to-Reinvent-Itself\"Lots of people think that the world of manufacturing<\/a> is one that is still on the downswing; that it hasn’t kept up; that North American organizations are falling behind their global counterparts. From my perspective, I think that nothing could be further from the truth. Smart manufacturers are aligning their operations, skills, capabilities, insight and infrastructure to deal with the fast changing economy of today. What\u2019s going on?<\/p>\n

These are just some of the things I look forward to sharing with you at Explore 2016<\/a><\/strong> in May. Be sure to register<\/a> to dive into the details. As a preview of what I\u2019ll be discussing, here\u2019s a quick snapshot of emerging trends:<\/p>\n

The Dozen Things You Need to Think About<\/h2>\n

1) Collapsing product life cycles:<\/h3>\n

Simply put, products don\u2019t have as long a lifespan in terms of relevance, consumer attention, rapid escalation of design ideas \u2014 whatever the case may be, with shorter life spans, manufacturing organizations are having to pick up the pace!<\/p>\n

2) The internet of things and product redefinition:<\/h3>\n

Every device becomes connected, intelligent, aware\u2026 this has major implications in terms of how devices are designed and manufactured. Suddenly, many manufacturers are finding that they must integrate sophisticated user interface capabilities into their products, not to mention advanced computer and connectivity technology.<\/p>\n

3) Rapid design and rapid prototyping:<\/h3>\n

We\u2019ve seen incredible advances in the ability to conceive, design and develop new products faster than ever before. There is a constantly rising bar in terms of capabilities, and if you can\u2019t pick up on this, you can be sure that your competitors will. The first to market with a new idea is often the winner.<\/p>\n

4) The influence of crowdfunding on product design:<\/h3>\n

There is no doubt that the global connectivity the crowdfunding business model provides is resulting in a change in product conception. Suddenly, anyone can have an idea, fund it, design it, and bring it to market. What I\u2019ve witnessed are situations where these small scale projects are light years ahead of what we\u2019ve seen with established industry players. Crowdfunding is the new garage in many industries.<\/p>\n

5) Build to demand vs. build to inventory business models:<\/h3>\n

Big auto companies build hundreds of thousands of vehicles, and send\u00a0them to dealers. Tesla Motors takes an order, and builds the vehicle to send to the customer. Big difference \u2014 and this model is driving fundamental business model change across every aspect of the manufacturing sector.<\/p>\n

6) Agility and flexibility:<\/h3>\n

The impact of build-to-demand models is that manufacturers must provide for a lot more change-capability throughout every aspect of the process, from supply chain to assembly to quality control. The ultimate in agility? The Magna factory in Graz, Austria, which can custom build a wide variety of automobiles from completely different car companies.<\/p>\n

7) Post-flat strategies:<\/h3>\n

What happens when the world gets flat? Put a ripple in it! That\u2019s been the focus of a few of my keynotes for several manufacturers. I\u2019ve spoken about organizations who have evolved from having to compete with low-cost producers by focusing on price, to a new product lineup that is based on quality, consumer perception, brand identity, or IoT connectivity.<\/p>\n

8) Faster time to market:<\/h3>\n

Consumers today have perilously short attention spans. In some sectors, such as fashion, high-tech (smartphones!), food and others, you\u2019ve got to get your product to market in an instant \u2014 otherwise, you lose your opportunity.<\/p>\n

9) Rapidly emerging consumer demand:<\/h3>\n

Closely related to time to market is the fact that new fashion, taste trends or other concepts now emerge faster given the impact of social networks. Think about the impact of food trucks \u2014 people can now experiment with new taste trends at an extremely low price point. The result is that new taste trends emerge faster \u2014 and food companies must scramble to get new products out to the customer faster. Long, luxurious product development lead times are from \u2018the olden days.\u2019 If you can\u2019t speed up, you won\u2019t be able to compete.<\/p>\n

10) The fast emergence of same day delivery business models:<\/h3>\n

Amazon, WalMart, Google and others are quickly building big infrastructure that provides for same day shipping. This has a ripple impact on demand, inventory, logistics — a massive change from the old world of stockpiled inventory.<\/p>\n

11) 3D printing:<\/h3>\n

The arrival of 3D, additive manufacturing 3D printers and the inevitable shift to \u201cadditive manufacturing\u201d from \u201csubtractive manufacturing\u201d based on cutting, drilling and bashing metal is probably the biggest change the industry will witness in coming years.<\/p>\n

12) The acceleration of education requirements:<\/h3>\n

Robotics, advanced manufacturing methodologies, machining-in-the-cloud, advanced ERP<\/a> processes: you name it, the skill of 10 years or even 5 years ago doesn\u2019t cut it today. I had one client in the robotics sector observe that \u201cthe education level of our workforce has increased so much\u2026.The machinists in this industry do trigonometry in their heads.\u201d That\u2019s the new reality going forward!<\/p>\n

That\u2019s a lot of change, and there\u2019s even more underway.<\/p>\n

Attend Explore to Learn More<\/h3>\n

That’s why you need to be at Explore<\/a>! I hope to inspire and challenge you to align yourself to the key trends and opportunities shaping the world of manufacturing today. I’ve spoken to many manufacturing groups in the past, including APICS, DailmerChrysler, PPG, Motorola, Caterpillar, and more, in order to provide the insight on trends you need to know about. I will be Chicago May 2-5 to do just that![\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text]Lots of people think that the world of manufacturing is one that is still on the downswing; that it hasn’t kept up; that North American organizations are falling behind their global counterparts. From my perspective, I think that nothing could be further from the truth. Smart manufacturers are aligning their operations, skills, capabilities, insight and […]<\/p>\n","protected":false},"author":27,"featured_media":4617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[197,199],"tags":[202,74,15,77,75,143,146,76],"class_list":["post-4593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation-and-technology","category-manufacturing-trends","tag-big","tag-customer-conference","tag-enterprise-resource-planning","tag-erp-software-conference","tag-explore-2016","tag-explore-keynote","tag-future-of-manufacturing","tag-qad-explore"],"yoast_head":"\nWhy Manufacturing Needs to Reinvent Itself - Fast! - QAD Blog<\/title>\n<meta name=\"description\" content=\"12 Emerging Manufacturing Trends to think about in 2016. 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