IT Strategies to Create Profitable Opportunities in Industrial Manufacturing

1. IM&E manufacturers: How IT strategies help turn emerging global opportunities into growth and profits The changing global landscape, an expanding middle class, and attention to infrastructure projects have created a growing demand for Industrial Machinery and Equipment (IM&E).For manufacturers and suppliers of heavy equipment, this means ample global opportunities to boost revenue and improve profitability. The competition is fierce, though. Construction Road Building Industries Energy To remain relevant and take advantage of market opportunities, IM&E manufacturers must be strategic about their operations, their supply chain, and their ability to focus on needs of customers. But only those IM&E manufacturers with agile operations, innovative offerings, and commitment to customers will be able to seize the unfolding opportunities by deploying advanced software solutions. Here are five ways in which technology can support the growth-driven IM&E manufacturer and supplier 1. Business intelligence Advanced business intelligence and predictive analytics help anticipate trends, apply data science to forecast needs for resources, and spot potential sales opportunities early with existing customers as well as new markets. 2. Agile response Cloud deployment supports agility, allowing manufacturers to expand locations, create partnerships, merge and acquire companies, and broaden the product portfolio without the hassle of buying and setting up hardware and security. And implementation takes just weeks, not years. © Copyright 2017. Infor. All rights reserved.

2. 3. Flexibility Cloud deployment with elastic storage capacity and modern ERP solutions with flexible architecture support new technologies, such as Digital Disruption, Virtual Reality (VR), and the Internet of Things (IoT). Upgrading the IT infrastructure is essential for deploying innovative solutions for the shop floor, supply chain management and aftermarket service. Keeping up with the speed of change requires software with easy upgrades and expansion. 4. Visibility In IM&E, the complexity of highly configured products – Engineer-to-Order (ETO), Make-to-Order (MTO) – must be streamlined to minimize waste and optimize workforce productivity. Quality control, regulation compliance, and third party logistics must also be addressed. Visibility throughout the organization is the key. 5. Customer centricity Aftermarket service helps add revenue while building relationships with customers. Successful IM&E manufacturers focus on value-added services that extend well beyond initial production and installation, and continue for the life of the machinery. Monetizing data is another service that is gaining adoption. With 25 years of experience in supporting complex manufacturing, Infor offers a range of modern software solutions for IM&E manufacturers. Infor helps its customers Streamline complex ETO and MTO processes Respond with agility to changing demands Maintain visibility with subcontractors and suppliers Deploy the cloud for fast implementation Maintain internal assets, optimizing parts inventory Leverage data science for strategic, predictive insights Collaborate with colleagues and customers 24X7 Rely on last mile functionality built-in, not bolted on. 1. A Brave New World for Machinery Makers 2. Global Opportunities Await IM&E Manufacturers To learn more about challenges and solutions for IM&E manufacturers DOWNLOAD THE REPORTS © Copyright 2017. Infor. All rights reserved.