Contract Manufacturing: The Value of a Network

11 CONTRACT MANUFACTURING: THE VALUE OF A NETWORK BASED APPROACH | 2024

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Figure 5. Shift in Paradigms

Traditional Thinking

Shifts Driving the Digital Transformation

Inside-out Processes

Outside-in Processes

Focus on Efficient Organizational Silos

Design of Value Networks

Use of Multiple Data Forms: • Design of Processes to Enable data to Move at Multiple Speeds • Use of Unstructured and Structured Data • Open Source

Use of Transactional Data with a Focus on History • Batch Processes • ERP Architectures • Linear Optimization

Focus on Response

Sensing to Drive an Intelligent Response

Process Standardization

Autonomous and Localized Processes

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