Nearly 80% of senior execs rate innovation as either the top-most priority or a top-three priority for their company. The following graphic compares where innovation and product development tank among respondent company’s top strategic priorities over the last ten years.
Bottom line: Manufacturers today are facing the global challenges of staying in step with increasingly complex customer requirements while accelerating product development and reducing costs. Excelling on these three dimensions is going to require an entirely new level of Manufacturing Execution Systems (MES), Manufacturing Intelligence and analytics performance.
Gartner predicts that algorithms will have a galvanizing effect across and within enterprises and implies this will extend to value chains, defining the future of business from an interconnection and relationship standpoint.
Digital manufacturing strategies are gaining ground as manufacturers adopt big data and analytics to improve operational effectiveness, time-to-market, new product development and increase product quality and reliability.
To fully capitalize on these opportunities and perform at the speed customers expect, many of these aerospace manufacturers need to move forward with the current generation of MES applications and tools.
From the initial supplier quality qualifications, audits and sourcing requirements to production and maintenance, repair and overhaul (MRO), all aspects of jet production are predicated on quality management.