Abstract:
Supply chain complexity is driving the need for new and increasingly advanced analytical solutions to ensure products are delivered on time and with the highest possible quality. In the future, it will become essential for companies to produce digital threads linking all relevant information into product signatures. These product signatures can then be diagnosed and translated into actionable intelligence throughout the value chain. However, to realize this end-state, companies will need to embrace a new paradigm of trust and collaboration.
The industry’s challenge is to create this type of enhanced traceability without sacrificing the IP and security of product (IP) companies, manufacturers and suppliers. This is further complicated by the level of maturity and IT sophistication of the various stakeholders within the electronics ecosystem. By leveraging IOT and associated technologies, companies can quickly integrate advanced analytical and control solutions into their manufacturing environments, accelerating the adoption and the resulting benefits of the analytics.
With the shared goal of establishing real-time situational awareness for improved value chain decision-making, companies will embrace this next stage of industry evolution – the migration to a connected digital environment that enables a flexible, adaptable and intelligent product delivery system. The resulting ROI from this type of investment will continue the industry’s long term trend of delivering the right products, at the right time and with the requisite economics to ensure both consumer and commercial adoption.