Data Management for Manufacturing Business

manufacturing m&a tips

Manufacturers are under pressure to improve productivity and profitability, as well as to innovate. Protecting and ensuring that data assets are available and secure is an essential initiative. In this presentation, you will hear from Michael Watson from Microsoft and Martin Boyd of Profisee for specific steps you can take to establish a solid foundation for data in place to ensure the speed, efficiency and effectiveness of your business.

If manufacturing is to evolve into a more digital and streamlined business, it has to embrace and harness data – but how do you accomplish this if the information you’re using isn’t consistent, sufficient, or incomplete? A successful manufacturing data management plan requires a commitment to strong governance in order to ensure that vital information is stored and gathered in a timely manner and is accessible and used whenever you need it.

The top performers in the manufacturing industry are increasingly adopting a holistic data management approach that includes implementing a MDM hub to consolidate all crucial information including customer, vendor, and product, into one central repository. This allows teams to quickly access the information they need and allows them to collaborate.

This also lets manufacturers create a digital record of what happens to the parts throughout production This is crucial for diagnosing production issues and enhancing tests and processes. It allows you to pinpoint the reasons for the particular production run and the reason. This enables you to act faster in a crisis and also make you more resilient.