Be Prepared For the Paradigm Shift in Manufacturing Industry

1. EMBRACING THE FACTORY OF THE FUTURE Steps manufacturers can take now to prepare for the new paradigm The Factory of the Future is a convergence of technology and operational efficiency linked to a connected workforce. But it’s more than that. The Factory of the Future is a creative mindset that takes advantage of new information and operational technologies to expand your business and prosper in the 21st century. Global manufacturing is facing disruptive changes and challenges on many fronts: New operational technologies may require new and expanded investments. Customers demand not only more products, but more customized products with almost immediate availability. Mountains of customer data can create bottlenecks. The rapid rise of social media has expanded the global market for consumers and commercial manufactured goods. In 2010, the global market for manufactured goods was estimated at $32T. It’s expected to double by 2030 to $60T. 70% of all global trade is related to manufacturing and employs 45M workers in the US alone. An estimated additional 1.8B people will join the consumer class by 2025. Those new consumers want products that reflect their growing prosperity. © Copyright 2015. Infor. All rights reserved.

2. Another factor driving widespread adoption of manufactured goods is the Internet of Things. Everyday objects have network connectivity, allowing them to send and receive data on how products are used. With a projected 50 billion connected devices by 2030, connected devices will track and monitor consumers. These devices create ever-expanding volumes of data which can assist in better prediction of consumer trends and buying triggers. All this growth creates a tremendous urgency to begin the process of creating the Factory of the Future today. Modernizing your systems falls into two different buckets: operational and informational technologies. New information technologies allow you optimize speed, value and services. Customer tools, value chain visibility and cloud deployment allow you to respond in an agile manner to changing conditions. Operational technologies allow you to adopt best practices for innovation, automation, ETO and MOTO all of which result in distinctive products and services. When the power of world class operational and information technologies align, a fully integrated, digitally connected enterprise emerges. Meet the fully integrated and digitally connected enterprise, where: Highly productive and efficient shop floor processes create products with speed, quality and a laser-like focus on customer requirements. Social and collaboration tools support the way the workforce does business. Real-time data across the enterprise and supply chain merge seamlessly with a highly productive and efficient shop floor process. Fast changing market conditions elicit quick responses, quickly improving cycle times and on-time customer deliveries. Bold enterprises set the new standard and seize unfolding opportunities. In order to achieve total visibility through the value supply chain and run the most efficient enterprise possible, manufacturers must eliminate silos and disparate systems. Using state-of-the-art operational and informational technologies can help you achieve that goal. With over 25,000 clients, 100+ products and 30 years of experience, Infor offers manufacturers purpose-built solution suites that will manage the complete manufacturing operation. From financials and scheduling, to shop floor management, quality control, and analytics, Infor offers highly flexible end-to-end solutions. Our tools and solutions help you improve process efficiency and more accurately manage your costs. We’ve developed flexible ERP solutions tailored to manufacturing – on premise or in the cloud. We also offer world-class business analytics tools. With configure, price and quote capabilities running on mobility-enabled and collaborative platforms, Infor offers complete on-ramp to the Factory of the Future. Are you ready to begin your journey towards becoming the Factory of the Future? Download our Whitepaper to learn more http://go.infor.com/erp-factory-future © Copyright 2015. Infor. All rights reserved.