There’s no time like the present, as manufacturers and wholesale distributors are in the midst of a digital revolution. With so many technologies changing the way things are done in the manufacturing world, the next few years figure to bring a significant "digital transformation" trend to the industry.
IDC predicts that by the end of 2017, half of all manufacturers will be leveraging the cloud, mobility and advanced analytics to facilitate innovation on their shop floors. What's more, IDC expects that by the following year, 75 percent of manufacturers will have transformed their operations with digitally connected processes that improve responsiveness and productivity. Wherever you look in the manufacturing and wholesale distribution markets, companies are looking to transform for different reasons.
- Food and beverage distributors are largely looking to get ahead of increasingly onerous regulatory and compliance requirements.
- Consumer and industrial electronics manufacturers are focused on streamlining their supply chains to facilitate new product introductions.
- And industrial supply firms are looking to bring new levels of efficiency to their business-to-business commerce channels.
Transformation a Matter of When, not If
With that backdrop, any manufacturer or wholesale distributor that isn't thinking about how to digitally transform its commerce model, or how to align its business strategy with the technologies that enable that transformation, is in danger of falling behind.
As a NetSuite partner, have had proven success with a combination of two strategies: Our "stairway to heaven" process, which helps our customers zero in on their best path to the cloud, and our SuiteSuccess program, which is designed to take companies from zero to cloud in 100 days or less.
Finding Your Way to the Cloud
The stairway to heaven process will help manufacturers and wholesale distributors tackle a number of important questions, such as where their demand is coming from, how they can best facilitate that demand for the long term, and how they want to tie all the related data together. The answers to such questions can help a company choose the best cloud-based tools and deployment strategy to match its needs.
NetSuite combines an agile approach, leading best practices, and a focus on risk mitigation to deliver a secure and disruptive solution that gives customers the competitive bang they're looking for. We also understand that migrating to the cloud is a big change, which is why we work with customers to gradually change behavior, and not just foist a new application onto old habits. We help companies best organize the sequence of the implementation to ensure the solution is up and running as quickly and effectively as possible.
We understand that speed is of the essence, but that our customers don't want to sacrifice effectiveness, which is why we take a preconfigured, holistic approach that enables us to deliver the quick time to value companies are looking for.
Taking the time to make the right choices pre-deployment can make the difference between success and stagnancy. Most manufacturers choose to move to the cloud to simplify and gain the ability to focus more closely on their core business activities. When planned and deployed correctly, the cloud also gives CIOs the ability to affect change, maximize efficiency, and improve the customer experience. It creates instant value in the form of business readiness and ability to innovate.
More importantly, with the majority of manufacturers expected to identify this opportunity to transition from stagnant, antiquated business models and embrace innovation, effective adoption of the cloud is a digital recipe for keeping pace with forward-thinking rivals and differentiating from the laggards.
To learn more about how NetSuite helps manufacturers stay ahead of the curve, please contact our development team at NXTurn or visit our website at http://www.nxturn.com.