Manufacturing Process Industries Capitalize on Digital Supply Networks
Cost-efficient computing power and sensor technology is seeing rapid integration across manufacturing process industries such as pharmaceuticals and other chemicals. Learn more: http://deloi.tt/2HbDsr2. The fourth industrial revolution is ushering in new techniques, capabilities, and technologies that can be leveraged to create competitive advantage through lower costs, reduced lead time, and increased quality. Digital Supply Networks are evolving supply chains from a traditional linear system into an always-on, dynamic and integrated network characterized by the continuous flow of information and analytics. Measurement systems are deployable end-to-end across supply chains to create massive amounts of data that can be analyzed to optimize supply networks. Companies in process industries are managing near real-time decision making activities where seconds can make a difference between success and failure of a product. Further, high asset costs make high uptime and quality imperative. Tools are now available that can support effective maintenance and reliability activities, as well as assist quality organizations in more effectively supporting the process. Connected sensors, data, and analytics drive actionable improvement and in turn help business leaders capitalize on opportunities to create competitive advantage.