2007 Trends to Watch: Manufacturing Technology

Publication Date	February 2007
Publisher	Datamonitor
Product Type	Brief
Pages	10
ISBN Number	not applicable
Product Code	DAT04592

Price

£947.50
approximately: $1,673 | €1,201

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Summary

Introduction

The manufacturing industry continues to evolve as changing market and regulatory conditions impact businesses. As a result, manufacturing companies will intensify their efforts to remove cost from their operations and drive revenues. Datamonitor has identified three key themes that will be high priorities for manufacturers around the world. This brief sets out their context and future role.

Scope

Looks at the manufacturing industry from a global perspective.
Considers issues common to individual industries such as automotive and aerospace.

Highlights

Traditionally, manufacturing companies have focused their business performance efforts on operational costs to enhance their bottom line. From the early days of Adam Smith's division of labor theory, to completely un-manned production lines in the twenty first century, the extraction of cost through automation has been a primary goal.

Datamonitor believes that a more structured strategy to deal with supply-chain risk will determine the winning manufacturing companies within their respective markets. Vendors will need to understand the ins and outs of how to approach an area that Datamonitor considers to be of critical importance in the coming years.

Reasons to Purchase

Understand the key emerging issues for the manufacturing industry in 2007.
Discover Datamonitor's opinion on how the industry will evolve and the impact technology will have.

Content

Catalyst
Summary
- 2007 TRENDS TO WATCH: MANUFACTURING TECHNOLOGY
- Top 3 business issues facing your industry
- New product development and introduction is increasingly determining the success of companies
- Business agility is being constrained by a lack of information flow between the plant floor and back-office
- Managing supply-chain risk is becoming increasingly complex as globalization increases
- Supporting product development with cutting edge IT
- Linking plant-floor and enterprise systems for greater manufacturing agility
- Managing supply-chain risk to ensure streamlined global operations
Datamonitor's Take
- Product development is nothing new, but is seen as a challenge to further refine
- Plant-floor integration will continue to be a hurdling block for manufacturers
- Risk needs to be dealt with in the short-term as the consequences of failure are high
Appendix
- Definitions
- Methodology
- Further reading
- Ask the analyst