Next-Generation Manufacturing Operations Management Addresses Key Industry Challenges
While Mom and apple pie is a sure-fire cure for homesickness, leveraging the power of MOM – that’s Manufacturing Operations Management – and next-generation technology capabilities can assist manufacturers in overcoming some of the greatest challenges they face today.
That’s the key take-away from industry analyst firm LNS Research, in its research on The Global State of Manufacturing Operations Management Software, which surveyed more than 250 manufacturers worldwide.
In the October 28
webcast, according to LNS Research, MOM can play an essential role in helping manufacturers keep pace with an explosion of data. Legacy and point solutions are becoming increasingly ineffective as manufacturers face increased global competition and market pressures. And as manufacturers embrace Big Data, Mobile and Internet of Things (IoT) technologies, new data and process integration capabilities must be added to organizations’ operations. Next-generation MOM software platforms and applications are key to rationalize multiple legacy applications as well as integrate new data sources debuting on the plant floor.
LNS says next-generation MOM features: configurable processes, a common manufacturing data model, built-in analytics, along with the ability to deploy in new hybrid cloud models that are capable of delivering universal information access and flexible options for deployment and pricing.
Addressing the Customer Experience Imperative
In addition to keeping on top of manufacturing data, MOM is being used by savvy manufacturers to address the growing customer experience imperative. LNS Research survey showed top strategic objectives for manufacturing industries all were focused on serving customers. First and foremost is ensuring consistency of quality for products produced at 61%, followed by timely order fulfillment at 55%, and then 52% focused on increasing production capacity and capabilities.
BreakiURLs to fix
ng Down Barriers
Forty-eight percent of respondents said their top operational challenge is breaking down silos of organizations and departments and fostering greater collaboration. This includes more social collaboration with customers to understand their “likes” and “dislikes,” along with getting faster feedback from groups of customers on their requirements and reactions to new products and services. This also includes faster digital collaboration with suppliers to ensure rapid responses to materials, while ensuring quality and traceability requirements are being met. Communicating product and service information digitally across value chains, while openly sharing goals, objectives, and KPIs is a best practice LNS Research has identified to address these challenges.
New Emerging Opportunities for MOM
When looking at the application of MOM software today, researchers noted an “immaturity” of analytics, visibility, and collaboration – often a result of legacy systems which lack these more modern capabilities. Areas that hold great potential for the application of MOM include areas in the integration of design, optimization, data analytics, and collaboration across all roles and users of applications, says LNS.
In Search of ROI
ROI justification was cited as one of the top challenges for MOM implementations. Researchers say there are a number of reasons companies struggle with ROI, including a lack of metric visibility and a lack of understanding of how MOM software can drive value. The good news, says LNS, is that new ease and deployment options promise to help drive the time to value proposition and overall ROI of MOM investments.
As a sponsor of the research study, Epicor invites you to download a complimentary copy of The Global State of Manufacturing Operations Management Software
Posted by Tom Muth, Senior Manager, Product Marketing, Epicor