Depending on who you talk to, manufacturing has been on the decline for the last 15 years and counting and there is no end in sight. But despite the doom and gloom, The Institute for Supply Management’s report, which is highlighted by Industry Week, begs to differ. And, many of today’s manufacturing companies, especially the ones who came out of the 2009 recession, albeit leaner, in terms of workforce and production process are likely breathing a sigh of relief at this piece of news. Michelle Jamrisko article for Bloomberg on state of manufacturing, states in part;
“Manufacturing expanded in December at the fastest pace in two years, reflecting firmer output and the biggest pickup in orders growth since August 2009. The Institute for Supply Management said Tuesday that its index increased to 54.7, the fourth straight advance, from 53.2 a month earlier. The median forecast in a Bloomberg survey called for 53.8. Readings above 50 indicate growth. The ISM’s measure of orders surged 7.2 points, while its gauge of prices paid for materials climbed to the highest level since June 2011.”
The world of manufacturing is constantly evolving as it has had to keep pace with stiffer competitor and tighter margins. And, so in order to increase profits, many of today’s successful manufacturers have had to embraced cloud computing, robotics and business intelligence thus enabling them, to streamline production flows – and ultimately reduce their costs.
So, as the manufacturing sector continues to evolve here are three trends that will continue to dominate that industry in 2017:
Cloud Computing
Major new technologies especially ones built on the cloud will be take precedence over on premise applications by manufacturers. Deploying a cloud-based solution provides a rapid return on investment, and streamlines payroll costs across an entire supply chain.
Predictive Analytics for Real-Time Decision-Making
Today, unlike several years ago, manufacturers have access to a wide array of analytic and Big Data tools at the push of a button– that can be hugely valuable for business decision-making and process enhancements when used correctly. From budgeting and forecasting to employee production scheduling and benefit accruals – these tools, allow manufacturers to harness data properly and with ease and efficiency.
New Technology and Innovation
Traditional, version-based time and attendance solutions prohibited organizations and their users from sharing freely and collaborating, because the data always resided on a Server and it was incapable of integrating to other applications-thus, creating nightmares for users. Workforce management software built for the cloud is the network of the future. Open-mind manufacturers will continue to move away from Server-based software solutions and instead opt for cloud computing solutions—which is the future of software deployment.
ATS Workforce Management for Manufacturing is industry-built and helps drive business outcomes by engaging your employees, streamlining payroll costs, increasing productivity, and minimizing compliance risk. With ATS Workforce Management for Manufacturing, your business has access to a proven cloud platform that is secure, scalable, and mobile — allowing you to do business when or where you choose to access its power.
To learn about ATS Workforce Management for Manufacturing, go to our website, you can also download a demonstration and see why many of today’s fortune 500 companies choose ATS.
