Leapfrog the Competition with LEAP Manufacturing

Overview
Industrial companies in emerging markets expect business to grow smartly as overall demand grows and local markets expand at a great pace. But deeply ingrained practices and business norms may prevent some companies from achieving their potential. The challenge in boom times such as these is not how to grow apace with the competition, but how to grow faster, grab market share, and expand to become truly global players. With the right approach, manufacturing companies can leapfrog the market and achieve global success.

LEAP Manufacturing
LEAP (Leading-edge, Efficient, Agile, and Progressive) Manufacturing refers to a set of technology and business practices for world-class manufacturing. The ways companies design, engineer, source, make, and deliver products - and manage their assets - determine profitability, sustainability, and customer satisfaction. Good execution of today's best practices provides competitive advantage, but maintaining this lead is an ongoing challenge. Innovative competitors and game-changing technologies can quickly undermine even well-tuned organizations.

Today's turbulent global economy makes it difficult for any company to sustain competitive advantage. Operational excellence has become mandatory, while new technologies constantly change the rules of the game; offering the potential to achieve quantum improvements in process efficiency and customer satisfaction. Product innovation must be faster and more responsive because customers demand more variety and individually tailored products. The basis for competitive advantage is being turned on its head as electronics and software make their way into more and more products every year and the service component of products rises (think iPod and iTunes). New regulations and the aging workforce add to this challenge by portending a significant shift in regional competitiveness, unless companies take actions to address these trends. Winning today clearly demands flexibility, agility, and continuous innovation.

Technology is central to all these issues. Technology fuels today's dynamic environment by enabling continuous improvements in critical areas like asset management, production efficiency, product quality, safety, sustainability and supply chain efficiency. New technologies can also help companies retain vital knowledge, collaborate effectively with customers and suppliers, maintain operational excellence, achieve sustainability goals, and improve their processes to stay ahead of competitors.

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