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Automotive OEMs sit at the center of a complex, highly integrated and heavily outsourced supply chain for semiconductors. The semiconductor shortage showed that the market today is governed by chaos and disruption, and only manufacturers who are willing to create a hyper-digital, fully-integrated, fast-responding and collaboration-centric supply chain will survive.
How Medtech companies can achieve agility through supply chain management and risk mitigation is what we will examine today.
The Semiconductor Industry has been at the forefront of digitalization. Chips manufactured by the industry have enabled increased data storage, real- time data processing at the edge and the very manifestation of IIoT and AI in value chains worldwide. However, the automotive and medical device industries are outpacing semiconductor in terms of digitalization, with the semiconductor industry lagging behind.
Delivering perfect orders isn´t easy, but having the right technological tools will help your company to get the most value of manufacturing data and make you outperform, shaping the difference between failing and succeeding in Order Management, especially in highly vertically integrated industries.
A good scheduling will be integrated with both business and production systems, to provide the ability to quickly respond to changes in demand, and employ the necessary iterations in operations for accurate execution.