Accelerated Industrialisation is high on the agenda for today’s manufacturers, because less time is available to prepare for full-scale production of new products or versions. This is caused by unforeseen shifts in market demand, increased dependency on critical suppliers for key technologies, political uncertainty and new legislative requirements. This challenges require manufacturers to innovate.
A company’s purchasing department is often paralysed by two opposing forces; ramp-up production constraints and late concept development changes.
An affected supply chain has to be enhanced to include production technology and production capacity while also reducing time restrictions.