Manufacturers today are under significant pressure to reduce costs and increase operational efficiency. Over half of manufacturers (55%) say that too many operational inefficiencies (e.g., waste, delays, false starts, rework) are a burden on their organization. Forty-five percent of manufacturers say operating costs are too high, and 64% are pressured to reduce costs overall. Additionally, manufacturers are pressed by expectations for real-time, critical decision-making across operations – aka a shorter decision window.
Aberdeen Research reveals, however, that Best-in-Class organizations are responding to these pressures and meeting these challenges by investing in manufacturing operations management (MOM) and manufacturing execution systems (MES).