Prime Advantage Blog

Keeping Supply Chains on Pace with Digital Manufacturing Strategy

Mike McDonald on May 21, 2015 7:11:00 AM

As we mentioned before, the manufacturing industry is a leader when it comes to implementing technologies to advance production. Specifically, many manufacturers have strong digital strategies utilizing innovations such as 3D printing, the Internet of Things (IOT), cloud computing and advanced analytics, all while becoming exceedingly mobile.
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There is one area, however, where manufacturing may be lagging on the high-tech front: the supply chain. Executives are voicing some discontent with their supply chain's ability to keep pace with other technology implementations throughout their organizations. And as we saw with the Prime Advantage 2015 CFO Survey Report, 44% of manufacturers plan to increase their technology spend this year in comparison to last. So could we be on the cusp of the next major supply chain innovation breakthrough in the same vein as predecessors like the Kanban system or the UPC barcode? Stay tuned…

Read More: The Dawn of the Digital Supply Chain

2015-cfo-survey-report

Topics: Manufacturing, Supply Chain

Mike McDonald

Posted by Mike McDonald

Mike is the Executive Vice President of Business Development for Prime Advantage, a Chicago based Group Purchasing Organization for mid-market manufacturers. Responsibilities include managing business development, marketing, and the GPO's Healthcare Cost Containment program. He’s been a featured speaker, published author, and recognized award winner within the supply chain community.

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