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Engineering Industry Reports and Surveys
News Release from: ARC Advisory Group
Edited by the Engineeringtalk Editorial
Team on 24 October 2003
Discrete manufacturing CPM market set to
double
The collaborative production management for discrete manufacturing market, which exceeds $500 million in 2003, will more than double and top $1 billion by the end of 2008, says a new report.
The collaborative production management for discrete manufacturing (CPM-D) market, which exceeds $500 million in 2003, will more than double and top $1 billion by the end of 2008, rising at a CAGR of 15% over this forecast period, according to a new study by the ARC Advisory Group Many new entrants make this a fragmented market with a rich selection of alternatives among the suppliers
This article was originally published on Engineeringtalk on 10 Nov 2004 at 8.00am (UK)
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ARC's "Collaborative production management systems worldwide outlook for discrete manufacturing" shows why this market will continue to grow rapidly in a period of global economic uncertainty.
A CPM solution can measurably help manufacturers drive their manufacturing operations to perform against real-time business needs, instead of fixed targets.
It does this by helping manufacturers to: synchronise manufacturing and business processes; collaborate with business partners; respond quickly to demand changes; cope with increasing regulatory requirements; ensure the highest quality products; and continuously improve operations.
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Top industry visionaries will share their experiences and best practices for optimising manufacturing operations at ARC Advisory Group's Ninth Annual Forum in Orlando Florida.
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"Manufacturers tell us in confidence about incredible ROI for many of these installations", according to ARC Director of Collaborative Manufacturing and Architecture Greg Gorbach, the author of the study.
"It is clear that manufacturers are gaining significant competitive advantage through CPM.
This market is no longer driven by the desire to gain performance improvements at the shop floor - it is driven by executives who want to better serve their customers, partners, and stakeholders by improving their performance enterprise-wide".
CPM solutions represent a suite of applications that combine visibility of real-time production status, traceability and genealogy of manufactured product, performance analysis of production operations, paperless management of the production process, and operator instructions in the form of routings, ECNs, BOMs, engineering documentation, and assembly drawings.
Increasingly, CPM also plays a platform or infrastructure role, pulling together all plant operations systems and synchronising them with business systems.
CPM is the application of collaborative manufacturing principles to the management of manufacturing processes.
Collaborative production management normally refers to the synchronising, executing, tracking, reporting, and optimising manufacturing processes.
Production management systems do not stand alone.
While performing the production-centric functions of planning, controlling, optimising, and informing, they must integrate with plant floor control systems, business systems (ERP and supply chain), engineering systems (PDM and PLM), and maintenance systems (CMMS and EAM).
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