TRENDING
Manufacturing leaders cite Digital Transformation as a key priority over the next 24 months
When asked to list top priorities , manufacturers responded that increasing process efficiencies and improving demand planning ( both 88 %) were among the most urgent changes needed for a business , and they see Digital Transformation as a way to help . More than half ( 57 %) of manufacturers say that moving their planning processes to the cloud is a critical or high priority .
Nearly half ( 45 %) of manufacturers who feel unprepared for the future have their sales and operation systems located either mostly or completely on premises . The majority ( 77 %) of manufacturers who felt future-ready had at least half of their sales and operation systems in the cloud
Lack of data transparency and siloed teams are significant barriers to accurate forecasting
One of the biggest foils to traditional forecast accuracy , according to the manufacturers surveyed , is a lack of data transparency and accessibility across the value chain :
• The majority of manufacturers responded that legacy tools ( 83 %) and dispersed data ( 82 %) are moderate or serious challenges , with close to a third ( 31 %) of manufacturers viewing each as a serious challenge .
• More than eight in 10 manufacturers also consider siloed teams ( sales and ops ) and data being difficult to extract as challenges .
Manufacturers who feel ‘ very prepared ’ for the next decade are already mostly in the cloud
Nearly half ( 45 %) of manufacturers who feel unprepared for the future have their sales and operation systems located either mostly or completely on-premises . The majority ( 77 %) of manufacturers who felt future-ready had at least half of their sales and operation systems in the cloud .
Future-ready manufacturers cite rise in channel partner collaboration and mutual benefits as a value to
their business
The report breaks manufacturers into two categories : future-ready and unprepared . Future-ready manufacturers are defined as those who feel their
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