Keywords: Manufacturing Execution System (MES), Collaborative Production Management (CPM), Process Industries
CPM technology, process technology, and business technology are converging and becoming more integrated and customizable, to respond quickly to new market demand or meet regulatory compliance. Also, we see continued and increased interest in the Industrial Internet of Things (IIoT), Big Data, advanced analytics and mobility; all of which can be integrated within the CPM software and platform.
“These benefits of CPM application are expected to boost its usage in chemical, oil & gas, food & beverage, and metals and mining industries, and the market is projected to grow at a higher rate over the forecast period (2014-2019), as opposed to the slowdown of CPM market witnessed during 2012 to 2014,” according to ARC India Country Manager G. Ganapathiraman, the peer author of ARC’s Collaborative Production Management for the Process Industries India Market Research Study.
Dealing with Product Complexity, New Product Introductions, and Innovation
The rate of new product introductions and product innovation is becoming a competitive differentiator. Manufacturers want more real-time tools that enable complete visibility into the complex issues that impact performance. They want tools that can predict and help them manage with changing business conditions and provide the ability to respond quickly as new products are introduced and new innovations added. Only by delivering new, innovative and differentiated products to the market at a faster pace can manufacturers remain competitive. CPM enables innovation to improve the efficiency of expert users, while enabling new practitioners to become effective faster. CPM solutions will continue to help manufacturers improve processes, deal with new product configuration and innovation, and deal with the increased product complexity while improving profitability.
Measuring Time to Value Critical
Companies are placing increased emphasis on ROI and ROA to help 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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