New technologies for the manufacturing industry continue to rise to address its complex needs and growing consumer demands.
Aside from the needs and demands, the COVID19 pandemic has changed how the manufacturing industry operates. It accelerated the emergence of different innovations.
Unfortunately, many manufacturers are challenged to keep up with trends as technology fast-forwarded in the new normal. Some got overwhelmed by numerous innovations.
In a country where almost a quarter of Gross Domestic Product (GDP) is from the manufacturing industry, it is highly imperative for manufacturers in the Philippines to adopt innovations to remain competitive and relevant in today’s market.
7 Technologies and Tools Manufacturers Will Find Helpful in the New Normal
According to a research by Harvard Business Review, reducing efforts makes customers loyal to the brand. This implies that businesses should leverage smart technologies not only in customer service but also in their production processes.
Indeed, new technologies are changing the face of the manufacturing sector. Here are the top six technologies that manufacturers can leverage to improve processes:
1. Industrial Internet of Things
The Industrial Internet of Things (IIoT) uses networked sensors and intelligent devices to enhance manufacturing processes. It collects data to drive artificial intelligence and predictive analytics.
Implementing IIot picks up real-time inefficiencies and challenges that humans cannot detect. Manufacturers save effort, time, and money while supporting business intelligence simultaneously.
2. Blockchain Technology
Simply put, blockchain technology is a structure that records transactions of several databases. It makes the system difficult or impossible to change or hack.
Blockchain increases transparency at every production stage. Manufacturers are leveraging this technology to enhance products throughout their lifecycle.
It seamlessly aggregates all crucial production information like supply chain monitoring, material counterfeit detection, and engineering design.
3. Predictive Maintenance
Predictive maintenance tracks the real-time health and status of an asset. It reduces failures in production operations and offers an accurate maintenance schedule.
With this technology, manufacturers benefit from tremendous cost savings through decreased downtimes and field service costs. Because there is less chance of breakdowns, there is a strong possibility of greater work productivity.
4. Robotic Process Automation
One of the technologies that help manufacturers stay competitive is Robotic Process Automation (RPA).
RPA uses robots, software, and bots to automate repetitive and manual tasks.
Manufacturing businesses may take advantage of its unparalleled benefits. RPA reduces costs and inefficiencies and keeps your manufacturing operations safe and accurate.
With RPA, there is increased productivity and maximized labor. Thus, manufacturers improve their manufacturing satisfaction and bottom line.
5. 3D Printing
3D Printing, also known as additive manufacturing, is a process that produces objects following a 3D model.
With the use of a 3D printer, layers of plastic and metal materials are combined. Complex objects are produced faster at a low cost.
Through this technology, manufacturers can customize designs easily according to customer preferences. This is also used for rapid prototyping of complex items.
6. Big Data
Manufacturers often deal with a large volume of data and information. This is where big data technology comes in.
Big data is a term for a suite of storage and analysis techniques developed for massive data sets. To maximize its advantage, it is integrated with various technologies. This helps find patterns and solve specific manufacturing problems.
7. Cloud ERP Software
An Enterprise Resource Planning (ERP) System makes daily business operations more efficient and productive by automating and integrating core processes and data.
With cloud ERP software, manufacturing companies become more adaptable and responsive to the industry’s evolving landscape.
More importantly, a great cloud ERP integrates other technologies seamlessly and effectively. Acumatica cloud ERP system for manufacturing is designed for this. It offers one-to-one integrations with applications and technologies for the manufacturing industry such as IIoT, blockchain, predictive maintenance, RPA, 3D printing, and big data.
Acumatica’s cloud manufacturing management solution futureproofs your business. It streamlines processes and delivers meaningful insights into your manufacturing operations.
Leverage innovation to your advantage
From IIOT to cloud ERP software, technologies for the manufacturing industry, indeed, bring unprecedented transformation.
The game-changing benefits of these innovations improve operations and minimize errors. They increase the profitability and productivity of the manufacturing industry.
A good start to gain a competitive edge today is having cloud ERP software specifically designed for manufacturing businesses.
Partnering with technology companies that will help you pinpoint your pain points and identify where technologies can be of help is important. The great news is that Yondu Inc., a top IT company in the Philippines wholly owned by Globe Telecom, offers Acumatica Cloud ERP Software.
Stay relevant in today’s competitive market. Leverage innovation to your advantage. Talk to our experts and start shaping your manufacturing future.