Study examines collaborative production management for process industries
BOSTON — Collaborative production management for process Industries, which includes manufacturing execution system software (MES), is largely driven by energy management, regulations, globalization, standards enforcement, big data analytics demographic changes, and the need to reduce manufacturing costs. The CPM market grew in both 2010 and 2011, according to a new study by the ARC Advisory Group, “Collaborative Production Management for the Process Industries Worldwide Outlook.”
The global manufacturing economy is impacted by the need to collaborate and increase efficiency, and also due to the increased need for real-time information and the use of newer technologies, such as cloud computing and mobility devices. Even with economic instability and exchange rate fluctuations, ARC is expecting that the industry dynamics will continue to drive overall market growth positively in 2012 and beyond.
Achieving and sustaining profitability in manufacturing is getting more challenging, the report notes, 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. Improved visibility, lower cost of ownership, and reduced product and energy costs were key drivers for many collaborative production management solutions over the past year, the authors state. Thriving in today’s market requires agility and effective use of both physical and human assets so plants can execute flawlessly to planned targets and profitably capture opportunities without compromising quality or safety.
“Competitive pressures in all industries, in all parts of the world, are still compelling companies to find new ways to increase production. These solutions help manufacturers to reduce energy costs and meet stricter environmental requirements, while improving productivity and efficiencies. Companies are continuing to look for ways to improve operations, meet compliance regulations, improve visibility, make sense of big data– and these are all incentives for implementing CPM solutions,” according to Principal Consultant Janice Abel, the principal author of the study.