Working Efficiently

Manufacturing operations will benefit from digital technology. Your company can save time and
money by automating procedures, finding gaps and bottlenecks in the supply chain, and pre-testing
new concepts before implementing them. E-sourcing, automated stock replenishment, KPI tracking,
and predictive disruption analytics offer you the ability to track factory output in real time and make
changes as needed. It's a slicker and a more fluid way of working.

Innovation
A digital factory layout is much more adaptable than a traditional factory layout. Rather than the
conventional, linear approach, in which machinery is designed based on designer drawings and
construction cycles are compartmentalised, digitisation allows for simultaneous planning and
development. It also help in the detection of potential flaws and help them to get addressed in earlier
stage rather than later.

Sharing of Specialist Knowledge

There's a lot of clever, well-engineered equipment out there. However, the original concepts – as well
as the motivations behind them – are often held in the minds of only a few individuals. Those crucial
observations and secrets fade away as time passes and staffing changes. Finally, no one in your
company can understand why a machinery is set up the way it is, making improvements and
replacements more difficult.
These designs are produced collaboratively and stored centrally in the digital world, allowing them to
be shared with everyone. As a result, this critical information remains within the organisation for as
long as it is needed.

Increased in the level of Satisfaction for both Employees and Customers

You can use digitization to implement strict quality management and control on both your own goods
and those of your suppliers. You'll be able to fulfil regulatory demands more quickly, which will give
you peace of mind. Customers will be happier, and workers will be more satisfied with their
employment.

Consolidated operations
It helps in the implementation of cost-effective, customer centric digital tasks that streamlines
business workflows and helps in eliminating the overhead that are associated with obsolete or
outdated solutions.

Helps in combining both new and old technology

Understanding existing workflows and how technology affects them is important because digital
innovation can only be as successful as the rest of the technology allows it to be. Examine the
variations in operating models, including their speeds, agility, fluidity, and consumer engagement,
ahead of time to avoid issues later and don’t let the past failures affect the adaption of new
technology.

FUTURE SCOPE-:
 Businesses that understand emerging "influence points" would have a major competitive
advantage, given the emergence of more dynamic ecosystems of fragmented and concentrated
players across an increasing number of manufacturing value chains. Place will become more
 important than ever as the manufacturing environment changes and competitive pressure
increases, guided by the demands of ever more demanding consumers.

The major shift will be noticed in

 Agile manufacturing-: Larger manufacturers are benefiting from a renewed interest in agile
manufacturing because it helps them to remain competitive while responding to increasingly
fickle and volatile demand signals. A digital infrastructure that offers access to near-real-time
point of sale (POS) data rather than lagging monthly or quarterly sales reports is the key to
improved agility.

 A significant amount of money (and, historically, value) is trapped in intermediaries.

However, as the digital infrastructure begins to close the gap between producer and customer,
this paradigm, as well as its value proposition, will almost certainly be challenged and
restructured. However, online sales provided customers with not only a near-infinite number
of choices, but also reviews and input that assisted buyers in making decisions. Meanwhile, as
compared to the expense of multiple intermediaries, shipping has become more cost-effective.
Although convenience and option may not be sufficient value drivers for intermediaries in
this period of transition, as consumers are retrained in new habits, they are important value
drivers for intermediaries.