They need to look at the complete ecosystem of manufacturing processes, operations and supply chain. The focus has to shift from low-cost inventory and manufacturing to agility, adaptability and resilience to disruptions.
Manufacturers can achieve this by making data actionable. We know that data insights are crucial for flexible and resilient supply chains that can move rapidly to meet shifts in market demands and customer requirements. But aggregating and making sense of the data requires the right digital solution. I’ve touched on it in the previous point, but here are some specifics on how they can perform.
First, manufacturers can model a virtual twin of the factory on the 3DEXPERIENCE platform to design the production shop floor for resilience and model scenarios and test out potential responses to disruptions.
Second, they can optimize planning and scheduling as well as adopt Lean manufacturing, automation and robotics to raise efficiency and create leaner, more resilient operations.
Third, stakeholders can collaborate with our integrated business platform and build a flexible ecosystem of suppliers and partners to handle shortfalls in raw materials and parts. Flexible networks will help companies foresee what will happen and pivot rapidly to changing market demand. From our experience, flexible supply chains and optimization can expand output capacity by 15 to 20 percent.