Technology constantly evolves in today’s fast-paced business environment, and innovation is accelerating. Keeping up with these changes and staying ahead of the competition requires more than just adopting new technologies as they become available. To future-proof your business, you must think strategically about overcoming technology challenges in 2023 and beyond. Here are some key strategies…
Manufacturers can employ a variety of strategies to improve their financial equity position. By implementing these strategies, manufacturers can make their business more attractive to equity partners. Taking steps toward improving their economic equity position also sets them up for success in the long run. Strategies to boost the manufacturer’s equity position include the following:…
Manufacturing businesses may be missing out on an essential key to unlocking their growth potential by not hiring a fractional CTO. Hire a fractional CTO to bring a unique perspective and valuable insights that help unlock new opportunities for innovation and growth for your business. Fractional CTOs help manufacturing businesses remain competitive and stay ahead…
Have you ever gotten stuck in a project and didn’t know how to get it going again? It’s understandable. After all, we all encounter difficult business situations that require a manager’s expertise. The right project manager can be the missing link that gets things moving forward—but is it always necessary to hire a full-time project…
The supply chain is the backbone of any manufacturing business, regardless of size or nature. Industries across the globe continue to struggle with supply chain issues, and utilizing digital transformation capabilities is more critical than ever before. Organizations that do not have end-to-end visibility into their operations can find themselves at a severe disadvantage. Supply…
Enterprise resource planning (ERP) is a business process management solution that optimizes an organization’s processes by providing a system of integrated applications. It helps manage and automate business processes, such as accounting, human resources, payroll, sales, manufacturing, and inventory management. Although wearing multiple hats in the workplace is expected, some tasks are best left to…
Digital transformation is a customer-driven, digital approach to all aspects of a business. Digital transformation includes using Artificial Intelligence (AI), cloud computing, automation, and other digital technologies to improve workflows and allow for faster and more efficient processes. A successful digital transformation journey will ultimately change customer expectations and create new business opportunities. A business…
Even before the COVID-19 pandemic turned the business world on its head, you were likely already hearing every day that you had to “adapt or die” or that transformation is “key to survival.” Many business owners have already begun to utilize technology in numerous ways, but it’s essential to consider why digital transformation is more…
As technology evolves, so must your business. To survive and thrive in today’s challenging environment, businesses must continually seek ways to improve the end-user experience. A successful digital transformation initiative can dramatically improve your processes and services to meet evolving market and customer expectations. No matter your industry, successful digital transformation projects have several key…
The benefits of digital transformation in manufacturing are numerous. Businesses worldwide are adopting artificial intelligence and machine learning technologies to improve efficiency and cut costs. In today’s world, adopting digital transformation is no longer an option for those who want to remain competitive and profitable. What is Digital Transformation in Manufacturing? Digital transformation involves integrating…
