IDC issues top 10 predictions for manufacturing 2008

Large manufacturers will move more assertively in 2008 toward constructing globally integrated business models, according to IDC Manufacturing Insights, the Framingham, Mass.-based market analysis firm. This trend tops IDC's annual top 10 predictions for how manufacturers will invest their IT budgets.

03/01/2008


Large manufacturers will move more assertively in 2008 toward constructing globally integrated business models, according to IDC Manufacturing Insights , the Framingham, Mass.-based market analysis firm. This trend tops IDC's annual top 10 predictions for how manufacturers will invest their IT budgets.

Manufacturers will augment their integrated business models by accelerating IT spend on collaborative decision process platforms, and on building stronger multienterprise business networks among partners.

According to Robert Parker, VP of research for IDC, “Today, 60 percent of revenues and profits come from outside the home country. Manufacturers need modular processes for modular products and markets, with the ability to mix and match processes to support products that will be more platform-based.



In manufacturing, says IDC’s Bob Parker, social network tools must be "goal-driven. It’s not just data warehouses and analytics. Analytics aren’t particularly good unless people can take action."

“When we talk about collaborative decision environments, this is not just data warehouses and analytics,” Parker continues. “There is an element of advanced analytics, but analytics aren't particularly good unless people can take action. We're talking about adding social network tools, but tools that are goal-driven.”

Amid concerns surrounding a recession, “The midmarket will have a hard year,” Parker says. “We'll see some manufacturers going into the bunker—certainly with construction materials—given how dependent they are on commercial versus residential.”

Here are IDC's remaining eight predictions for manufacturing:

  • Globally integrated business models will dictate that supply chain organizations reinforce fundamentals.

  • IT spending in supply chain will focus on fulfillment execution.

  • Product life-cycle management will become an enterprise strategy.

  • Product management software investments will be geared to integrating processes, not automating tasks.

  • For RFID, forget technology: Vendors must demonstrate business value now.

  • Your supplier's compliance problems will become your problems.

  • Manufacturers will address aging/workforces with investments in organic knowledge management.

  • Machine-to-machine technology will enhance service delivery.

    • “Our advice to manufacturers is to continue to look for ways to drive down costs, and accelerate investments that improve the speed of decision-making,” suggests Parker. “If you're an IT buyer, make sure you've allocated enough investment in emerging areas like machine-to-machine and RFID.”





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
Your leaks start here: Take a disciplined approach with your hydraulic system; U.S. presence at Hannover Messe a rousing success
Hannover Messe 2016: Taking hold of the future - Partner Country status spotlights U.S. manufacturing; Honoring manufacturing excellence: The 2015 Product of the Year Winners
Inside IIoT: How technology, strategy can improve your operation; Dry media or web scrubber?; Six steps to design a PM program
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
Warehouse winter comfort: The HTHV solution; Cooling with natural gas; Plastics industry booming
Managing automation upgrades, retrofits; Making technical, business sense; Ensuring network cyber security
Designing generator systems; Using online commissioning tools; Selective coordination best practices

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role that compressed air plays in manufacturing plants.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me