The term Industry 4.0 (or Industrie 4.0, if you’re looking for the original), has been around since the Hannover Messe in 2011, but many manufacturers are still trying to wrap their minds around what it means for them. After all, hasn’t computing, programs, and automation been par for the course in production for years? How would this new wave of digitalisation differ?
In the manufacturing sector, an abundance of challenges are constantly on the horizon and forcing businesses to find solutions. No matter the country or the different stages of the business journey, manufacturing firms share almost identical pain points and most importantly, the need to retain their revenue. What are these pain points you may wonder and how can you alleviate them? I could list them all out for you but let’s stick to three.
Singapore Economic Development Board (EDB) recently released news regarding the Business Expectations of the Manufacturing Sector. Whilst these are generally on the positive end, we want to give you insights into how manufacturing businesses can amplify these effects via digitalizing their sales operations.
In our last live-webinar, we helped attendees understand how a Configure, Price, Quote software could be a real asset for industries that are looking to boost their revenue in a sustainable way. With this series of articles, we wanted to share with you the webinar’s most valuable insights.
We started addressing the complexity of product configuration and how it hindered value creation in manufacturing industries. The second article was about the problem of pricing in Engineering-to-Order (ETO) and Made-to-Order (MTO) scenarios, which have a direct impact in margin and therefore revenue.
In this post, I will explain how our customers tackle their challenges involved in the input and approval processes before the quotation is sent to the customer.
Tags: Manufacturing Automation, Cloud Computing, Cost Effectiveness, CPQ Configure Price Quote, Manufacturing CRM, Profitability, Sales Automation, Cloud CPQ Express, Industry 4.0, Smart Manufacturing
Call it what you want - smart manufacturing, digital manufacturing or Industry 4.0, the end goal is an ingenious manufacturing method for a faster, smarter and better way of working. In the evolving landscape of this industry, companies must work towards reaching the expanding levels of smart manufacturing by utilising the potent combination of software, data analytic and Industrial Internet of Things (IIoT) to gain a competitive advantage. Due to the massive push towards digitising everything, manufacturers must learn to embrace the technology quickly or risk losing out to competition.
Last week we organized a live-webinar to help attendees understand how a Configure, Price, Quote software can be a real asset for industries that are looking to boost their revenue in a sustainable way. In this article we want to share with you some of the most valuable insights from this webinar.
A for Automation, B for BOM, C for CPQ - Get your daily dose of ABCs.
With this glossary, we are bringing together relevant acronyms for manufacturing businesses and offer further guidance around these topics. We are aiming to help you build your vocabulary as we continuously update this list with the latest terms.
Tags: Manufacturing Automation, Cloud Computing, CPQ Configure Price Quote, Digital Manufacturing, EMS Electronics Manufacturing Services, ERP, Glossary, Manufacturing CRM, Manufacturing Business, OEM, SAP Cloud Platform, SAP ERP, BOM (Bill of Material), Industry 4.0, Manufacturing, Q2O, Smart Manufacturing