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The manufacturing companies are increasingly adopting advanced technologies like automation and robotics to improve performance and increase production.
FREMONT, CA: Advances in technology combined with the U.S. economic turnaround have developed an atmosphere in the U.S. manufacturing industry where several businesses invest at unprecedented rates in capital equipment and new software. Manufacturers must ask themselves how capital investment can affect their inventory, customer demand, procurement strategy, and distribution models through upgrading equipment, production processes, software solutions, or even supply chain functions.
Continuous efforts to modernize production through automation, cloud-based technology integration, the implementation of additive manufacturing, and even the use of data management tools can influence a manufacturer's supply chain operations.
Automation and Robotics
For decades, the manufacturing industry has focused on automation and robotics, especially the U.S. automobile, industrial, and food manufacturing industries. However, developments in technology have made modern automated and robotic resources accessible to several small and mid-market manufacturers for the first time.
Companies can be prepared for improved performance, increased productivity, and reduced costs by implementing such solutions. However, it is necessary to determine whether supply chains inbound and outbound can keep pace with the developments.
Manufacturers can more effectively adapt to the demands of the increased supply chain and production rising from the introduction of automated processes by working with logistics providers who can offer access to various means of transport and wide distribution networks.
To modernize, several manufacturers have started to look at cloud technology. Cloud Enterprise Resource Planning (ERP) and cloud-based applications may improve productivity across the manufacturing process, especially when there are multiple locations where production occurs. Producers will minimize IT and related expenditures by outsourcing most software and data storage with cloud ERP.
Cloud technology can also make it easier to put new manufacturing operations online from anywhere globally, including emerging markets, due to improved visibility and standardization. Manufacturers need to determine whether these areas have sufficient transport infrastructure for supply chain operations that could facilitate manufacturing.
Additive manufacturing, also known as 3-D printing, is one manufacturing field that gets a lot of attention. For smaller producers, current technology prices have made it easier to integrate 3-D printing into their businesses.
The technology has also been made available to new audiences by the relative affordability of 3-D printing solutions. Therefore, 3-D printer manufacturers are shifting to e-commerce platforms to sell and distribute their goods to these emerging markets.