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Manufacturing CFOs are under greater pressure than ever to balance technology investments and respond to trends such as unpredictable customer demands. Most of all, they have the hardest task: optimising costs. So, what can technology do to help them navigate these challenges? ➡ 𝐌𝐢𝐧𝐢𝐦𝐢𝐬𝐢𝐧𝐠 𝐞𝐧𝐞𝐫𝐠𝐲 𝐜𝐨𝐬𝐭𝐬 Smart manufacturing uses tools such as Industrial Internet of Things (IIoT) devices and analytics to monitor equipment 24/7, and make energy-saving decisions. ➡ 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧𝐬 Adopting tools such as supply chain management software, warehouse management systems, and AI/Ml can help track assets, identify bottlenecks, and improve collaboration with suppliers, transporters, and customers. ➡ 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐧𝐠 𝐡𝐚𝐳𝐚𝐫𝐝𝐨𝐮𝐬 𝐭𝐚𝐬𝐤𝐬 Task automation enhances quality management while reducing waste. AI/ML capabilities can take over some error-prone and hazardous tasks through tools such as predictive maintenance, collaborative robots and machine vision. ➡ 𝐇𝐚𝐫𝐧𝐞𝐬𝐬𝐢𝐧𝐠 𝐁𝐈 𝐚𝐧𝐝 𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 BI and analytics have the most impact on minimising inventory storage costs, quality/innovation and workforce optimisation to prevent over/under staffing. ➡ 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐢𝐧𝐠 𝐈𝐓 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 Outsourcing IT services allows companies to focus on core activities and solve talent shortages and skills gaps, offering a way to achieve goals without compromising quality. Want to optimise manufacturing costs? 👉 Let’s talk. https://bit.ly/4enytDf #manufacturing #softwaredevelopment #cfo #manufacturingcfo

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