How Manufacturing Businesses Stay Competitive

CEO and cofounder of Neptune Software.

AI technology is changing how everyone, from individuals to businesses, interacts with the world. Free AI chatbots are now accessible to anyone with an internet connection, and private businesses are rolling out their own AI systems. While there are many unknowns in the AI space, the adaptation of free chatbots has skyrocketed past any previous technology innovation entering the public market.

AI advancement is a great reminder that technology is ever-changing—and changing fast. The faster an organization innovates, the stronger the competitive advantage it gains, leading to cost savings and a higher return on investment. Nowhere is this more true right now than in the manufacturing sector.

Addressing inefficient processes and adapting to more efficient systems in the manufacturing industry is critical in keeping up with customer demands. Lack of modernization affects an organization’s customer-facing business and slows down teams, preventing them from doing their best work. In a competitive business market, employees must be empowered with efficient internal systems that run smoothly no matter what. Consider how investing in tech and modernizing processes helps manufacturing businesses stay competitive—and the consequences for failing to stay up-to-date.

Modernize operations to manage complex systems.

Manufacturing teams are working harder than ever to seamlessly manage supply chains across time zones and borders. Putting pen to paper to communicate immediate needs across the company is not only time-consuming and reactive but is also error-prone. Not only that but ensuring the most up-to-date information is readily available to the correct teams puts your vendor relationships at risk. Not having a user-friendly platform will waste your employee’s time while potentially replicating inventory or miss-handling currently held inventory.

Similarly, when maintenance happens—unexpected or planned—it needs to occur as seamlessly as possible. The bigger the site, the more complex it can be for teams to manage workflows around these stoppages. With the right tools, teams are empowered to get assistance efficiently and effectively. Technology like apps built in-house with low-code/no-code platforms or outsourced with a partner can help organizations address equipment needing service immediately, saving time that would previously be spent waiting for specialist support.

The same is true for internal administration and employee management. Time is money, and the less time spent on nailing down a paper trail, deciphering handwritten notes, filling out time cards and submitting time-off requests, the more time people can focus on their work. Modernizing employee administration puts the power in your employees’ hands, allowing them to request their everyday needs without complicating things. In turn, their requests are connected to other systems within your business, allowing your managers to adjust seamlessly as needed.

Digitizing processes can drive savings and growth.

The number of places technology can improve business is extensive, but beyond driving efficiency, implementing the right tech platforms can drive savings and growth. From eliminating paper and automating manual tasks to getting an accurate read on inventory and quickly addressing maintenance needs, the right technology can transform manufacturing processes.

With the right platforms, organizations can count on a significant reduction in training costs, a reduction in inventory investment, faster planning cycles, a boost in top-line revenue, improved on-time deliveries and more accurate demand forecasts. With the correct planning and investing strategically, technology can strengthen a business’ footing in an uncertain economic climate. Leaders can future-proof a connected, digital manufacturing world—the sooner, the better.


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