digital transformation for manufacturing & distribution · •group leader is the person who...

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Digital Transformation for Manufacturing & DistributionMay 14, 2019

› Individuals• Participate in entire webinar• Answer polls when they are provided

› Groups• Group leader is the person who registered & logged on to the webinar• Answer polls when they are provided• Complete group attendance form • Group leader sign bottom of form• Submit group attendance form to [email protected] within 24 hours of webinar

› If all eligibility requirements are met, each participant will be emailed their CPE certificate within 15 business days of webinar

To Receive CPE Credit

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Presenters

Christina PhillipsDirectorBKD [email protected]

Tim Sparks, MCPSenior Managing ConsultantBKD [email protected]

1. Introduction2. Foundation3. The Digital Shift4. Transformed Business5. Leadership & Growth

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“Digital transformation is about reimagining how you bring together people, data & processes to create value for your customers & maintain a competitive advantage in a digital-first world”

Digital Transformation – 4th Industrial Revolution

End of 18th Century Start of 20th Century Late 20th Century Today

1st Industrial Revolution Water- & steam-powered mechanical manufacturing machines & industries

2nd Industrial Revolution Assembly line innovation, mass factories & new infrastructure of electricity, roads, gas, water & telegraph

3rd Industrial Revolution Electronics, telephones, PLCs, NC machines, fax, PCs, spreadsheets, relational databases, lean &JIT manufacturing

4th Industrial Revolution Mobile, cloud, smart-connected devices, cyber espionage & theft, smart factories & robots, mass customization & product as a service

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Digital Transformation Overview

$31B $70B$408BMedia CompanyThe world’s most popular

media owner creates ZERO content

FOUNDED: 2004

LodgingThe world’s largest

accommodation provider owns ZERO real estate

FOUNDED: 2008

TransportationThe world’s largest taxi company owns ZERO

vehicles

FOUNDED: 2009

This isn't just a technology revolution. It’s a revolution made up of people across functions—from IT to HR to marketing to operations—who see a better way to do business & look to technology to make new things possible


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Source: https://blogs.msdn.microsoft.com/jmeier/2017/10/30/satya-nadella-on-digital-transformation-2018/

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Digital Transformation Overview –Keep Customers Top of Mind

Customers want seamless experiences,regardless of channel

› Sense of purpose

› Harnessing ingenuity

› Multigenerational teamwork

› Expertise without boundaries

› Increased transparency

Trends in the Workplace

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Source: Future Scenarios: Frank

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4th Industrial Revolution

What forces are driving the digitization of manufacturing operations?

Challenges Opportunities

› Separation of designers & production has slowed innovation

› Barriers for sharing data & information including: technology, skills, incentives, security, trust, IP, standards

› Increasing cost of labor globally, skills gap› Rising costs of materials & supply constraints

› Digital link between designers & makers› Digital connections to physical assets,

machines, factories & supply chain› Data aggregation & analysis to do more

with existing resources› Reallocation & retraining of labor due to

efficiencies gained

Challenges in the Manufacturing Industry


Economic, geopolitical & consumption uncertainties –the need for efficiency

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The customer factor: from speed to better products, services & customer experience


Competition & the disruptive impact of manufacturers who have transformed at the core


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Challenges in theManufacturing Industry


The traditional manufacturing skills gap challenge has close to everything to do with the integration of IT & OT (operational technology) & the other technological & customer/service/innovation evolutions covered in previous slides

What It Means to Be a Digital Business


Collaborative Cultural Cloud-Based Mobile

Innovative Continuous Data-Driven Customer-Centric

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Why Start a Digital Transformation Now?

› Engaged employees

› Increased profits

› Greater resilience

› Complacency

Who Should Lead the Digital Transformation?

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Only True Constant Is Innovation & Change

Digital Transformation Is Essential for Growth

› Everyone expects on-demand

› Workforce engagement & growth

› Security should be a top priority

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What Key Areas of Technology Investment

› Business intelligence & big data• Only useful IF

› Convert your raw data into actionable information that will allow you to move quickly

› Use it to deliver better results, better solutions & better experiences

› Transforming manufacturing operations

What Key Areas of Technology Investment

› Integrating new & existing systems• Information technology is the backbone that allows the

connectivity

› Internet of Things (IoT) & product connectivity• IoT enables companies to capture & analyze new tapes of

data, fast

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Continuing Professional Education (CPE) Credit

BKD, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

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› CPE credit may be awarded upon verification of participant attendance

› For questions, concerns or comments regarding CPE credit, please email the BKD Learning & Development Department at [email protected]

CPE Credit

bkd.com | @BKDLLP

The information contained in these slides is presented by professionals for your information only & is not to be considered as legal advice. Applying specific information to your situation requires careful consideration of facts & circumstances. Consult your BKD advisor or legal counsel before acting on any matters covered

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