MANUFACTURING GROWTH THROUGH INNOVATION
Through continued investment and innovation we will start to see some breakthrough with new data technologies and disruptive technologies impacting on not only the products but also to the process .
In a recent report released by KPMG , they have suggested 68 percent of manufacturers will invest in incremental R & D and 31 percent in breakthrough innovation in 2013 and further . The report also suggests that nearly half of large global manufacturers are planning mergers or acquisitions in order to compete in the industry . Central to this is not thinking
“ Dynamic manufacturers who put innovation at the forefront of their industries will be best placed to react to the changing marketplace and will emerge from the economic storm stronger than ever ”
about innovation in individual silos , incorporating historical considerations such as products and services , but also in terms of thinking differently about business operations , processes , technologies and talent .
Dynamic manufacturers who put innovation at the forefront of their industries will be best placed to react to the changing marketplace and will emerge from the economic storm stronger than ever . The manufacturing industry is at a tipping point , we must react to the needs of our customers and partners . Innovation is at the forefront of this call to arms .
Download the SAP Manufacturing Success report here :
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