Every company has roadblocks that, if not identified and resolved, inhibit the ability to make successful business decisions. Specialized Manufacturing Machinery manufacturers face challenges in implementing fast manufacturing processes throughout their organizations that will enable collaborative working environment in a streamlined fashion.

In a production environment, single-function machines are being replaced by all-in-one equipment that covers the entire production process. All stakeholders can share data and knowledge, and speed product development across global sites.

In a production environment, single-function machines are being replaced by “all-in-one” equipment that covers the entire production process. To win more deals, manufacturers need to propose smarter and more flexible machines than their competitors.

The emerging technologies of the 4th Industrial Revolution provides Industrial Equipment companies with the freedom and agility to increase the diversity of their offering to attract more business and become more responsive to ever changing market demands.

The global economic crisis puts continuous pressure on OEMs to sell their equipment and still make a profit. Faced with increased competition, they struggle to achieve a 8% margin when in the past it was more like 20%. These high expectations are forcing specialized manufacturing machinery companies to become more flexible.

More than ever before, smart manufacturing has the potential to arm industrial equipment companies with real-time data to optimize plants, control inventory, create new levels of productivity and include after-sales servicing plans.

In the face of fierce global competition, Industrial equipment manufacturers are incorporating services into their portfolio in order to boost their business.

New technology is enabling them to transition from a design to cost model to one based on design to service. OEMs can conduct a quick diagnostic of machine issues and implement a robust spare parts management process that ensures maximum equipment efficiency. This results in a timely and efficient customer response and significant increase in profit margin.