Keywords: Manufacturing Execution System (MES), Collaborative Production Management (CPM), Process Industries
New technologies drive the Collaborative Production Management for Process Industries (CPM-P) market. The global CPM market is increasing in all regions of the world, driven by the emergence of the Industrial Internet of Things (IIoT), Big Data analytics, the need to collaborate and increase efficiency, and the increased need for real-time production information. The use of newer technologies, such as intuitive application tools, software templates and apps, mobility devices and visualization tools, also help drive market growth. Despite a recent decline in oil prices and ongoing economic instability and risk aversion in some regions, ARC expects that industry dynamics will continue to drive overall CPM-P market growth in 2015 and beyond.
Disruptive Software and IoT Technologies
“The IoT and other disruptive software technologies and market dynamics will drive manufacturing operations implementation over the next five years. Smarter tools and applications such as analytics and manufacturing intelligence are driving innovation and technologies such as enhanced and intuitive smartphones – all of which drive CPM usage. The complexity of today’s manufacturing environment requires engineers, operators and managers to use different applications, dashboards and performance measures. Suppliers are finding ways to meet the needs of the changing workplace demographics, matching the application experience to the end user with displays and interfaces with a role or function-based focus,” according to Principal Consultant Janice Abel, the principal author of ARC’s “Collaborative Production Management for the Process Industries Global Market Research Study”.
Measuring Time to Value Is Very Important
There is an increased emphasis on ROI and ROA because companies want to reduce risk and costs. When it comes to convincing management of the value of CPM, nothing works better than getting a return. Achieving and sustaining profitability in manufacturing is getting more challenging as the uncertainty and volatility in the cost of energy, raw materials, water, and other resources rise, and compliance and risk management become more complex. Suppliers have responded with tools, applications, and methods to help end users achieve higher ROI and faster time to value, including improved interoperability and integration tools, modular software with app-like functionality and templates. Productivity improvements and the resulting ROI are key drivers for CPM software purchases. Operational intelligence can help optimize production and provide the means to measure the value derived. Newer technologies and IT solutions are being implemented and next-generation architectures offer improved integration, collaboration, visibility, ease of use and time to value tools.
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