{"id":9474,"date":"2020-04-16T05:56:15","date_gmt":"2020-04-16T05:56:15","guid":{"rendered":"https:\/\/ca.syspro.com\/blog\/addressing-the-post-covid-19-challenges-in-the-uk-industrial-machinery-and-equipment-industry\/"},"modified":"2021-03-04T14:50:56","modified_gmt":"2021-03-04T14:50:56","slug":"addressing-the-post-covid-19-challenges-in-the-uk-industrial-machinery-and-equipment-industry","status":"publish","type":"post","link":"https:\/\/ca.syspro.com\/blog\/digital-business-and-erp\/addressing-the-post-covid-19-challenges-in-the-uk-industrial-machinery-and-equipment-industry\/","title":{"rendered":"Addressing the post-COVID-19 Challenges in the UK Industrial Machinery and Equipment Industry"},"content":{"rendered":"

The UK Industrial Machinery and Equipment<\/strong> <\/a>(IM&E) industry makes a significant contribution to the economy,<\/strong> but there\u2019s a growing realization that the post Coronavirus\/COVID-19 world will not be the same as it was. My guess is that organizations will start to look at digital strategies a lot more seriously after the pandemic. Companies that don\u2019t understand that things will need to change may not survive.<\/p>\n

<\/p>\n

In recent years, the establishment of intelligent automation has had a great impact on the productivity of manufacturing industries.\u00a0A\u00a0report<\/a><\/strong>\u00a0on the UK\u2019s mechanical-equipment industry\u00a0concluded that some key\u00a0growth\u00a0opportunities\u00a0will come from\u00a0automation\u00a0in manufacturing and the adoption of \u20184IR\u2019 (fourth industrial revolution) strategies.\u00a0The experience of many industries during the country\u2019s lockdown shows how important it is to be able to run operations no matter where your staff are, and for uninterrupted\u00a0communications with customers and suppliers.\u00a0The IM&E industry will need to start making a plan to digitalize the business.<\/p>\n

Where can industrial machinery and equipment businesses focus to ensure they will succeed in the world of manufacturing post-2020?\u00a0<\/strong><\/p>\n

They can start by looking at the Smart Manufacturing concept. Smart manufacturing involves making information about manufacturing processes available when and where it is needed, in the form it is needed, to empower smart decisions about business operations.<\/p>\n

I will go into more detail about Smart Manufacturing<\/a> in a forthcoming blog;<\/strong> a key to enabling it is to use digital technologies.<\/p>\n

For this blog I want to discuss how IM&E businesses can tackle their common challenges using available technology that is fairly easy to implement.<\/h3>\n

Design and engineering: <\/strong><\/h2>\n

You need to have a system and process to maintain control of product design. The management of change orders can be a significant issue, so you need to be able to coordinate engineering changes with both internal departments, such as production, as well as with third parties. A\u00a0collaborative platform should enable\u00a0customers to be involved in the design\u00a0process, and give suppliers access so they can see what they need to change. In addition, support for mobile access can speed up the acceptance and implementation of engineering change requests.<\/p>\n

Quoting:<\/strong><\/h2>\n

To provide better service to customers and quick turnaround times, your quotations system should provide you with an accurate view of costs for material, labor and outside services to enable you to create timeous quotes. The ability to share updated information easily within the organizations and with other external parties will allow you to update prices quicker and provide suppliers with up-to-date details if requirements change.<\/p>\n

Planning and scheduling: <\/strong><\/h2>\n

Post-COVID-19, IM&E businesses will need to have flexible and agile planning<\/strong> and scheduling capability. It will require using near real-time demand and supply data to create realistic production, purchasing and supply transfer schedules. You will also need to have a 360\u00b0 view of your production so you can monitor labor and machine efficiency, identify capacity constraints and quickly and accurately schedule jobs to maximize order fulfillment and resource utilization whilst maintaining profitability.<\/p>\n

Managing inventory:<\/strong><\/h2>\n

The pandemic has brought to the fore the importance of managing inventory even in the midst of chaos.<\/strong> To help maintain the right inventory levels, manufacturers should be using real-time tracking throughout the whole supply chain and production process. Using serial and lot tracking, it\u2019s possible to see the location and quantity of goods; and by cooperating with suppliers you can see where sub-contracted items are in the chain before they even arrive at your factory.<\/p>\n

Syncing supply with demand:<\/strong><\/h2>\n

Syncing production and supply with customer demand is a key requirement to prevent over-production and line stoppages. This involves having not only efficient order processing and supply chain management functions but also\u00a0accurate\u00a0production planning\u00a0to optimize output and reduce costs.<\/p>\n

Manage product and part traceability:<\/strong><\/h2>\n

To meet compliance requirements, the ability to trace materials and parts from their origin through manufacturing to final destination is becoming a critical component of many businesses. Having the means to track lots and serial numbers provides visibility through the supply, production and delivery chain, which allows you to trace and analyze the source of defects should they occur.<\/p>\n

Support the Industrial Internet of Things:<\/strong><\/h2>\n

The\u00a0Industrial Internet of Things (IIoT) refers to interconnected sensors, instruments and other devices in the factory,<\/strong> <\/a>networked together\u00a0via a secure environment. Collecting and aggregating this information\u00a0provides data for\u00a0analysis to deliver improved productivity in areas such as overall equipment effectiveness, real-time information on equipment and job status, job costing accuracy, as well as better operational visibility for\u00a0decision-making.<\/p>\n

Reviewing your processes:<\/strong><\/h2>\n

How many businesses have realized that their back-office processes are not geared towards remote working? Now with the benefit of experience, you can see what processes need to be reviewed. After the pandemic is over, you should see what you need to change in your existing ERP system to accommodate remote operations.<\/p>\n

In his book Black Swans, Nassim\u00a0Taleb, refers to fragility and antifragility.<\/strong><\/p>\n

\u201cSome things benefit from shocks … Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond\u00a0resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.\u201d<\/p>\n

In order to do business in the post-COVID-19 world, businesses should be looking how they can change processes, technology and operations to become antifragile.<\/strong>\u00a0If they haven\u2019t realized already, companies need to re-evaluate the way they operate. Some things will go back to the way they were before the pandemic, others will change forever.<\/p>\n

A business that can identify the \u201cold ways\u201d that still work and take advantage of new trends at the same time has a good chance of surviving.<\/h3>\n

Get in touch with SYSPRO today and let us help you\u00a0<\/strong><\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 4<\/span> minutes<\/span><\/span>The UK Industrial Machinery and Equipment (IM&E) industry makes a significant contribution to the economy, but there\u2019s a growing realization that the post Coronavirus\/COVID-19 world will not be the same as it was. My guess is that organizations will start to look at digital strategies a lot more seriously after the pandemic. Companies that don\u2019t … Read more<\/a><\/p>\n","protected":false},"author":190,"featured_media":9475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[127],"tags":[45,281,7,30,25],"class_list":["post-9474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-business-and-erp","tag-business-software","tag-erp-and-digitization","tag-erp-implementation","tag-erp-systems","tag-technology-or-enterprise-technology"],"acf":[],"yoast_head":"\nHow to Survive post-COVID-19 Challenges in the UK | Industrial Machinery & Equipment Industry<\/title>\n<meta name=\"description\" content=\"How IM&E manufacturers can tackle common challenges using available technology that is fairly easy to 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For over 30 years, Chris has been responsible for selling, implementing and supporting the SYSPRO offer across a range of global markets. During this time, he has seen first hand how the system could empower end users, and this led to successful career as a distributor and then Director of the largest SYSPRO reseller listed on the London Stock Exchange. Today Chris is leveraging his experience to implement best practice SYSPRO sales strategies at K3, which is based in the United Kingdom. His vision is to ultimately help customers to gain competitive advantage by building their digital resilience.","sameAs":["https:\/\/www.linkedin.com\/in\/cjburnett01\/"],"url":"https:\/\/ca.syspro.com\/blog\/author\/chris-burnett\/"}]}},"metadata":{"_yoast_wpseo_focuskw":["Surving Post Covid-19 in the IM&E Industry"],"_yoast_wpseo_focuskw_text_input":[""],"_yoast_wpseo_title":["How to Survive post-COVID-19 Challenges in the UK | Industrial Machinery & Equipment Industry"],"_yoast_wpseo_metadesc":["How IM&E manufacturers can tackle common challenges using available technology that is fairly easy to implement to ensure success in a post-COVID-19 world."],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_primary_category":["45"],"_yoast_wpseo_linkdex":["53"],"_yoast_wpseo_metakeywords":[""],"_yoast_wpseo_is_cornerstone":[""],"_wp_page_template":["default"],"_thumbnail_id":["9475"],"_elementor_page_assets":["a:0:{}"]},"_links":{"self":[{"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/posts\/9474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/users\/190"}],"replies":[{"embeddable":true,"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/comments?post=9474"}],"version-history":[{"count":0,"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/posts\/9474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/media\/9475"}],"wp:attachment":[{"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/media?parent=9474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/categories?post=9474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ca.syspro.com\/blog\/wp-json\/wp\/v2\/tags?post=9474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}