Multiple business locations and production sites can create organizational complexity that inhibits the ability to make successful competitive decisions. Executives and all levels of management need to understand the roadblocks in order to infuse processes that streamline efficiency and empower collaboration, data capitalization and flexibility.

As subcontractors, mechanical power, heating, and refrigeration equipment companies need to provide their contractors with high performance products on time. This means integrating mechanical and electrical systems that enhance a machine’s features and functions and that can easily be configured.

The emerging technologies of the 4th Industrial Revolution provides these companies with the freedom and agility to become more responsive with intelligent digital connectivity that enables cost savings, on-time delivery and better performance thanks to the product supplier’s expertise.

Catering to a global market means having to comply with international and local regulations during equipment development. Components can vary from one country to another, forcing manufacturers to manage a large portfolio of machine parts to satisfy requirements.

To remain compliant, manufacturers can better manage their risk and mitigate costs by adopting a risk-based approach to compliance tailored to their unique method of operations, risk profile, countries of operation, and products sold.