About this book
Essay from the year 2019 in the subject Business economics - General, language: English, abstract: Many business organizations face significant challenges in managing their organizations due to the dynamics and complexities. These complexities include changing customer requirements, changes in the nature and types of demand, competitor actions, customer decisions, and the supply chain uncertainties. To achieve maturity in the digitization, the company must focus on areas, such as the next-generation manufacturing, product development connectedness, and smart service and supply chain that are critical for the achievement of competitive advantage through flexibility.Digital manufacturing is aimed at achieving competitive advantage by focusing on machine-oriented solutions, machine data targeting, reduction of downtime, automation, capacity and solutions that target materials, production and labor flows. Digital manufacturing allows the organization to focus on automation that pertains equipment maintenance, remote services, and machine performance.
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