What are the Engineering Challenges ?

SBTC, ETR: 2 mins

Key Challenges in Manufacturing

So, What are the key areas presenting challenges to the manufacturing industry.

Increases in the price of materials, staffing shortages impacting on the pace of production in the future leading to higher costs.

A large number report “increasing sales” and “decreasing costs” as the focus for their business, going forward.

Manufacturers are struggling to recruit experienced and skilled workers, and nearly 40% experience problems hiring managers.

Energy prices are having an adverse external impact.

Investment costs are the leading barrier to transformation, followed by system security and data privacy concerns.

Digital Transformation will require organizations to transform to enable the advantages of the digital economy.

Data analysts will need to be integrated into all departments/units.

Businesses are responsible for ensuring the workforce is ready for new technologies like IIoT.

Finding Solutions

In this fast-moving industry what approaches would help manufacturers identify robust solutions that address the challenges relevant to them.

Management Insights on Direction.

Draw insights on the Economy: Markets existing and new, Industries and Government: The business environment in particular taxation and regulations.

Do – MOST (Mission, Objectives, Strategies, Tactics) model.

Industry impact on Business Operations.

Evaluate Business models: Operations and Competitors, Talent acquisition: Gig economy and global workforce, Supply chains: Transport, Suppliers, Sales & Marketing: Market, Customers

Do – Porters Five Forces (Rivalry, Suppliers, Customers, New Entrants, Substitutes) model.

Technology Augmentation.

Seek solutions to the 4^th Industrial Revolution: Technologies and Innovation, Operations: Products, Services, Technology landscape: Internet & Cloud computing, Robotics AI & Machine learning, Bio & Green technologies.

Do – Technology Evaluation Matrix.

Project Implementation.

Put in place suitable KPIs based on the outcomes required from the solutions to be implemented, measuring What areas or initiatives, Why you are doing this for performance or improvement, How it will be measured KPIs or success factors.

Mr T Says:

Success is based on keeping your eyes on the prize and being flexible to new approaches.

Implement in manageable chunks, add to organisational logic, avoid blind automation and introduce headroom.

If your business needs support for projects of this type, call or contact us for a free consultation and see how we can help. www.sbtconsulting.co.uk

What are the Engineering Challenges ?

Key Challenges in Manufacturing

So, What are the key areas presenting challenges to the manufacturing industry.

Increases in the price of materials, staffing shortages impacting on the pace of production in the future leading to higher costs.

A large number report “increasing sales” and “decreasing costs” as the focus for their business, going forward.

Manufacturers are struggling to recruit experienced and skilled workers, and nearly 40% experience problems hiring managers.

Energy prices are having an adverse external impact.

Investment costs are the leading barrier to transformation, followed by system security and data privacy concerns.

Digital Transformation will require organizations to transform to enable the advantages of the digital economy.

Data analysts will need to be integrated into all departments/units.

Businesses are responsible for ensuring the workforce is ready for new technologies like IIoT.

Finding Solutions

In this fast-moving industry what approaches would help manufacturers identify robust solutions that address the challenges relevant to them.

Management Insights on Direction.

Draw insights on the Economy: Markets existing and new, Industries and Government: The business environment in particular taxation and regulations.

Do – MOST (Mission, Objectives, Strategies, Tactics) model.

Industry impact on Business Operations.

Evaluate Business models: Operations and Competitors, Talent acquisition: Gig economy and global workforce, Supply chains: Transport, Suppliers, Sales & Marketing: Market, Customers

Do – Porters Five Forces (Rivalry, Suppliers, Customers, New Entrants, Substitutes) model.

Technology Augmentation.

Seek solutions to the 4^th Industrial Revolution: Technologies and Innovation, Operations: Products, Services, Technology landscape: Internet & Cloud computing, Robotics AI & Machine learning, Bio & Green technologies.

Do – Technology Evaluation Matrix.

Project Implementation.

Put in place suitable KPIs based on the outcomes required from the solutions to be implemented, measuring What areas or initiatives, Why you are doing this for performance or improvement, How it will be measured KPIs or success factors.

Mr T Says:

Success is based on keeping your eyes on the prize and being flexible to new approaches.

Implement in manageable chunks, add to organisational logic, avoid blind automation and introduce headroom.

If your business needs support for projects of this type, call or contact us for a free consultation and see how we can help. www.sbtconsulting.co.uk

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What are the Engineering Challenges ?

Key Challenges in Manufacturing

So, What are the key areas presenting challenges to the manufacturing industry.

Increases in the price of materials, staffing shortages impacting on the pace of production in the future leading to higher costs.

A large number report “increasing sales” and “decreasing costs” as the focus for their business, going forward.

Manufacturers are struggling to recruit experienced and skilled workers, and nearly 40% experience problems hiring managers.

Energy prices are having an adverse external impact.

Investment costs are the leading barrier to transformation, followed by system security and data privacy concerns.

Digital Transformation will require organizations to transform to enable the advantages of the digital economy.

Data analysts will need to be integrated into all departments/units.

Businesses are responsible for ensuring the workforce is ready for new technologies like IIoT.

Finding Solutions

In this fast-moving industry what approaches would help manufacturers identify robust solutions that address the challenges relevant to them.

Management Insights on Direction.

Draw insights on the Economy: Markets existing and new, Industries and Government: The business environment in particular taxation and regulations.

Do – MOST (Mission, Objectives, Strategies, Tactics) model.

Industry impact on Business Operations.

Evaluate Business models: Operations and Competitors, Talent acquisition: Gig economy and global workforce, Supply chains: Transport, Suppliers, Sales & Marketing: Market, Customers

Do – Porters Five Forces (Rivalry, Suppliers, Customers, New Entrants, Substitutes) model.

Technology Augmentation.

Seek solutions to the 4th Industrial Revolution: Technologies and Innovation, Operations: Products, Services, Technology landscape: Internet & Cloud computing, Robotics AI & Machine learning, Bio & Green technologies.

Do – Technology Evaluation Matrix.

Project Implementation.

Put in place suitable KPIs based on the outcomes required from the solutions to be implemented, measuring What areas or initiatives, Why you are doing this for performance or improvement, How it will be measured KPIs or success factors.

Mr T Says:

Success is based on keeping your eyes on the prize and being flexible to new approaches.

Implement in manageable chunks, add to organisational logic, avoid blind automation and introduce headroom.

If your business needs support for projects of this type, call or contact us for a free consultation and see how we can help. www.sbtconsulting.co.uk

Submit a Comment Cancel reply

Recent Posts

Categories

Seek solutions to the 4^th Industrial Revolution: Technologies and Innovation, Operations: Products, Services, Technology landscape: Internet & Cloud computing, Robotics AI & Machine learning, Bio & Green technologies.