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Informed Manufacturing: Revitalizing The Value Chain

Cognizant INFORMED MANUFACTURING: REVITALIZING THE VALUE CHAIN The real and virtual worlds are converging, creating the opportunity to use intricate cyber-physical systems to improve manufacturing.' See how informed manufacturing transforms the value chain. FOUR KEY ELEMENTS HOW PREPARED ARE COMPANIES FOR THIS TECHNOLOGY? that combine to create Solutions they are informed manufacturing: beginning to implement: Informed Products RFID Informed Processes 52 of respondents Although just 33 of Barcode synchronization indicate that their companies respondents consider informed Informed People have begun implementing manufacturing to be critical Automated warehouses informed manufacturing to their business today, 80 find it will be critical in the Informed Infrastructure N Big data analytics next three years MOST COMPANIES ARE AWARE OF INFORMED MANUFACTURING, SO WHAT IS KEEPING THEM FROM WIDESPREAD IMPLEMENTATION? 70 Competing priorities 56 No strong business case 22 Lack of standardization INFORMED PRODUCTS PROVIDE POWERFUL INSIGHT FOR MONITORING BUSINESS PERFORMANCE AND MAKING BETTER DECISIONS Advanced sensors, controls and software applications obtain Applications of product information: real-time information about products that enable Lililuli ceO 47 of organizations have 29 of organizations have Machines to take Remote diagnostics Traceability across fully automated automated fully automated automated autonomous action the supply chain supply chain tracking wear and tear monitoring Who will be using this data? 65 Project engineering and development $$ 60 Manufacturing operators Sales and marketing Though they collect and use product data, organizations are still developing capabilities to put this data to use for improving process efficiencies: By emphasizing bidirectional information sharing across the Using product feedback, informed processes can optimize by: global manufacturing value chain, suppliers and customers can Automating process Automating shutdowns benefit from a flexible and adaptable supply chain. adjustments INFORMED PEOPLE CAN BRIDGE THE GAP BETWEEN INFORMED PRODUCTS, PROCESSES, AND INFRASTRUCTURE BY PROVIDING: Relevant information in real time Intelligent design Operations and maintenance Higher-quality service and safety COLLABORATION AMONG INFORMED PEOPLE IS GROWING IN IMPORTANCE: Where do organizations invest for driving innovation? 54 Knowledge 50 In-house innovation 38 Social networks to ($) management platforms without leveraging social tools gather customer insight How are they finding informed people within their organization? 20 of respondents claim that 20 of their IT budget was 68 Use personal network 40 Use internal directory 40 Tap into community of allocated for collaboration tools. interest Social communities are an important tool for sharing knowledge and developing as companies begin to pioneer informed manufacturing. To learn more about informed manufacturing, click on the link below to access our whitepaper: VISIT COGNIZANT.COM/INFORMEDMANUFACTURING. KEEP CHALLENGING Sources: http://www.cognizant.com/insightswhitepapers/Informed-Manufacturing-The-Next-Industrial-Revolution.pdf | http://www.cognizant.com/InsightsWhitepapers/informed-manufacturing-reaching-for-new-horizons-codex980.pdf 1. This study was conducted via in-depth interviews with 32 manufacturing industry decision makers from APAC (34% respondents), North America (47%) and Europe (19%). A majority (66%) were from companies involved in discrete manufacturing. © Copyright 2015, Cognizant. All rights reserved. No part of this document may be reproduced, stored in a retrieval system, transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the express written permission from Cognizant. The information contained herein is subject to change without notice. All other trademarks mentioned herein are the property of their respective owners.

Informed Manufacturing: Revitalizing The Value Chain

shared by cognizant on May 08
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'Intelligent machines' enable people, processes, products and infrastructure to seamlessly coordinate, creating cost-efficient finished goods on time, that meet, if not exceed customer expectations. S...

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