Turn manufacturing sector digital disruption into a tangible opportunity

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Our research shows 67% of digital technology spend in the manufacturing sector was wasted in 2015. This year can be different. Turn digital disruption into a tangible opportunity.

Turn manufacturing sector digital disruption into a tangible opportunity

Unprecedented economic volatility leads global companies to adapt, often through transformed business operations. Events like profit warnings, cost-cutting initiatives, M&A, change of senior leadership signal volatility, and necessitate adaptation measures. The Genpact Volatility and Adaptation Index (VAI) is a directional measure based on monitoring of large data sets across a sample of over 800 companies. It provides senior leaders with the intelligence to inform structural decisions and facilitate organizational alignment.

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Globally manufacturers are facing a more complex and demanding environment, with slower economic growth, volatility in commodity prices, higher cost of warehousing, and a growing complexity of their supply chains to accommodate shifts in market demands. To achieve sustained growth and competitiveness in this environment, most industrial companies have by now, implemented ERPs and other technologies that help them capture data along their value chain. However, the underlying processes are still lacking in connectivity, rigor and controls, and the data gathered is difficult to interpret and analyze for real-time and accurate decision-making. Genpact has developed the insights and operational practices to power intelligent manufacturing enterprises with smarter processes, smarter analytics and smarter technologies to help them grow and outcompete.

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Enterprise Project Management is one part of the organizational structure that hasn’t seen the same levels of technology integration as most others. Manual data testing is still prevalent and with the influx of technology in business, the need to adapt is evident. In this presentation, we attempt to identify the inefficiencies that currently prevent organizations from achieving optimum efficiency.

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