Manufacturing Operations Management
Manufacturing Operations Management Market by Software (Human Machine Interface, Performance Analysis, Production Management), Organization Size (Large Enterprises, Small and Medium Enterprises), Services, End User - Global Forecast 2024-2030
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[199 Pages Report] The Manufacturing Operations Management Market size was estimated at USD 16.67 billion in 2023 and expected to reach USD 18.62 billion in 2024, at a CAGR 11.82% to reach USD 36.45 billion by 2030.

Manufacturing operations management (MOM) is an approach aimed at overseeing all aspects of the production process, ensuring efficiency, and maintaining optimal performance within a manufacturing facility. This encompasses managing production schedules, ensuring quality control, optimizing inventory levels, and integrating processes across various departments from the shop floor to the executive level. Technological advancements have introduced sophisticated software and automation tools that make MOM solutions more accessible and versatile. Growing competition in manufacturing sectors encourages companies to seek enhanced productivity and more stringent compliance with regulations, which MOM systems support. Additionally, the advent of Industry 4.0 and the Industrial Internet of Things (IIoT) has facilitated the integration of MOM with other technological innovations, leading to more connected and intelligent manufacturing environments. However, the significant initial investment required for software and training and the complexity of fully integrating MOM solutions with existing systems impedes their further utility and development. Advancements such as AI, ML, and predictive analytics can further develop the MOM systems. The increasing emphasis on sustainable manufacturing practices may also drive innovation within MOM to facilitate more environmentally friendly operations.

Regional Insights

In the Americas, particularly in the United States, there is a strong focus on the integration of IoT and AI to enhance operational efficiency and predictive maintenance. The manufacturing sector is marked by high customer expectations for customization and speed, prompting companies to adopt agile and lean manufacturing strategies. In the APAC region, characterized by China and India, the manufacturing landscape is notable for its massive scale production and labor-intensive operations. Factories in the region are gradually transitioning towards automation and smart manufacturing solutions, although at varied paces owing to differing levels of infrastructure and investment. The EMEA region, with Germany's Industry 4.0 at the forefront, exhibits robust adoption of digitization and automation in manufacturing operations, emphasizing robust quality control and sustainable manufacturing practices. European regulations such as GDPR also influence the way manufacturing data is managed. Companies in EMEA typically compete on quality and precision engineering, making their operations management highly compliant with stringent regulatory standards.

Manufacturing Operations Management Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Manufacturing Operations Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Need for Real-Time Visibility in Manufacturing Operations
    • Development of Digitalization in Manufacturing Production
    • Growing Role of Smart Manufacturing Operations Management in Discrete Manufacturing and the Smart Factory
  • Market Restraints
    • High Initial Cost associated with the Implementation and Up-Gradation of Manufacturing Operation Management
  • Market Opportunities
    • Integration of Robotic Process Automation (RPA) and IoT
    • Emerging Popularity of Cloud-Based Manufacturing Operations Management
  • Market Challenges
    • AI Talent Gap Slowing Developments in Manufacturing Operations Management
Market Segmentation Analysis
  • Software: Use of performance analysis to gain data-driven insights to improve operational efficiency

    Human machine interfaces (HMIs) are crucial for modern manufacturing operations as they provide a user-friendly interface between the operator and the machine or system. HMIs allow for real-time data monitoring, control, and management of manufacturing equipment. They facilitate easier interpretation of machine data, thereby improving efficiency and minimizing errors. Companies often prioritize HMIs that are intuitive, customizable, and can seamlessly integrate with other systems. Performance analysis software offers insights into the production process by tracking real-time data on machine efficiency, energy consumption, and optimization opportunities. This enables businesses to identify bottlenecks, reduce downtime, and improve overall productivity. Key considerations when selecting performance analysis tools are the ability to integrate with existing equipment and the comprehensiveness of reporting features. Production management software is vital for planning, scheduling, and managing manufacturing operations to enhance production flow and meet business targets. Quality and compliance software ensures that manufactured products meet industry standards and regulations. Critical elements of such software include capabilities for documentation management, audit trails, and corrective and preventive actions (CAPA). Industries with particularly stringent standards, such as pharmaceuticals and food and beverage, demonstrate a higher need for robust quality management systems (QMS).

  • End User: Inclusion of MOM in industrial manufacturing to boost machine performance and enable product customization

    The automotive industry requires manufacturing operations management solutions that can streamline production, reduce waste, and enhance quality control across all stages of vehicle production. With an emphasis on automation and lean manufacturing, automotive manufacturers prioritize MOM systems that support just-in-time inventory management and integrated supply chains. In the chemical sector, precision and compliance with strict regulatory standards are paramount. Manufacturing operations management in this sector focuses on maintaining batch consistency and traceability and ensuring the safe handling of materials. The consumer goods industry deals with a wide range of products, driving a need for versatility in manufacturing operations management. Food and beverage manufacturers need to ensure the highest quality standards while operating within narrow profit margins. These sectors require management solutions that can oversee complex recipes, monitor shelf-life, and trace ingredients from source to table. Accuracy, compliance, and unwavering quality control define the healthcare and pharmaceutical manufacturing sector. Operation management solutions are tailored to support meticulous documentation, validation procedures, and rigorous testing. Manufacturers of industrial equipment focus on customizability and robustness in their manufacturing operations management. They bank on solutions that accommodate made-to-order production, complex assembly lines, and long product lifecycles.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Manufacturing Operations Management Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Manufacturing Operations Management Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Manufacturing Operations Management Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Manufacturing Operations Management Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Manufacturing Operations Management Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Manufacturing Operations Management Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Manufacturing Operations Management Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Manufacturing Operations Management Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Manufacturing Operations Management Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Manufacturing Operations Management Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

Before leveraging the Manufacturing Operations Management Market Research Report by 360iResearch, our team at SAP SE grappled with disparate and inefficient processes. The report's invaluable insights into integrating Robotic Process Automation (RPA) and IoT revealed actionable strategies that revolutionized our operations. Specifically, we achieved a 30% increase in process efficiency and reduced operational costs. This report has been instrumental in optimizing our manufacturing operations. Great job, 360iResearch!
SAP SE
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FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Manufacturing Operations Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Manufacturing Operations Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Veryable Announces the Launch of New Workforce Management Tool for Manufacturing and Logistics

    Veryable, an innovator in the on-demand labor space, unveiled its latest advancement, the Workforce Management (WFM) tool, catering exclusively to the manufacturing and logistics industries. Developed with an acute understanding of the unique challenges in these sectors, the WFM tool is engineered to bolster operational efficiency and competitiveness. [Published On: 2024-01-17]

  • Accenture to Acquire OnProcess Technology to Enhance Supply Chain Operations Capabilities

    Accenture agreed to acquire OnProcess Technology, a provider of supply chain managed services, to help organizations refine processes, improve the way inventory is managed, and solve complex service challenges. With this acquisition, Accenture will enhance its supply chain capabilities, specifically in asset recovery and service supply chain management, making it easier for clients to manage service orders, drive returns, track movement, and ensure the appropriate reuse, disposal, or recycling of assets. [Published On: 2023-10-31]

  • One Network Enterprises and Optessa Partner to Offer Transformative Supply Chain Management Services to Optimize Manufacturing

    One Network Enterprises and Optessa Inc. announced a partnership that transforms supply chain management by integrating ONE’s intelligent control towers with Optessa's advanced manufacturing planning and scheduling systems. This collaboration delivers an unparalleled end-to-end supply chain solution, enabling manufacturers and suppliers to orchestrate material and production plans with newfound precision. [Published On: 2023-08-22]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Manufacturing Operations Management Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Before utilizing the Manufacturing Operations Management Market Research Report published by 360iResearch, we at MasterControl, Inc. faced significant hurdles in streamlining our digitalization processes within production. The report offered invaluable insights and actionable strategies that directly addressed our challenges. For example, by implementing the recommended practices, we saw a 25% increase in operational efficiency and a marked improvement in data accuracy. The detailed analysis and foresight provided by 360iResearch have positively transformed our manufacturing operations. We highly recommend this report to any organization looking to enhance their digital manufacturing strategies.
MasterControl, Inc.
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Key Company Profiles

The report delves into recent significant developments in the Manufacturing Operations Management Market, highlighting leading vendors and their innovative profiles. These include SAP SE, MasterControl, Inc., Schneider Electric SE, SYSPRO Proprietary Limited, Oracle Corporation, ABB Ltd., Epicor Software Corporation, General Electric Company, Rockwell Automation, Inc., Procuzy by Moraabh Ventures Private Limited, International Business Machines Corporation, Infor, Honeywell International Inc., Aegis Industrial Software Corporation, Leading2Lean, LLC, Katana Technologies OÜ, AVEVA Group PLC by Schneider Electric SE, TRooTech Business Solutions, Critical Manufacturing S.A. by ASM Pacific Technology Limited, ANASOFT APR, spol. s r.o, Microsoft Corporation, Emerson Electric Co., Aspen Technology, Inc., Dassault Systèmes SE, Binmile Technologies Pvt. Ltd., Descartes Systems Group, EpsilonSys Software inc., iBASEt, and Siemens AG.

Manufacturing Operations Management Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Manufacturing Operations Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Software
    • Human Machine Interface
    • Performance Analysis
    • Production Management
    • Quality and Compliance
  • Organization Size
    • Large Enterprises
    • Small and Medium Enterprises
  • Services
    • Consulting
    • Implementation
    • Performance Assessment & Tuning
    • Product Upgrade & Testing
    • Training
  • End User
    • Automotive
    • Chemical
    • Consumer Goods
    • Food & Beverages
    • Healthcare & Pharmaceuticals
    • Industrial Equipment

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

As a leading energy management and automation company, Schneider Electric faced significant challenges in optimizing our manufacturing operations. The in-depth "Growing Role of Smart Manufacturing Operations Management in Discrete Manufacturing and the Smart Factory" report by 360iResearch provided us with valuable insights and actionable strategies. The detailed analysis helped us identify bottlenecks and streamline processes, leading to a remarkable increase in efficiency and productivity. Specific findings from the report allowed us to implement smart manufacturing practices, resulting in reduced operational costs and enhanced production quality. We highly recommend this report to any organization seeking to leverage smart manufacturing technologies for improved operational efficacy. Schneider Electric is genuinely satisfied with the positive impact this report has had on our operations.
Schneider Electric SE
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This research report offers invaluable insights into various crucial aspects of the Manufacturing Operations Management Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Manufacturing Operations Management Market, by Software
  7. Manufacturing Operations Management Market, by Organization Size
  8. Manufacturing Operations Management Market, by Services
  9. Manufacturing Operations Management Market, by End User
  10. Americas Manufacturing Operations Management Market
  11. Asia-Pacific Manufacturing Operations Management Market
  12. Europe, Middle East & Africa Manufacturing Operations Management Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 386]
  17. List of Companies Mentioned [Total: 29]
How Digitalization Is Reshaping Manufacturing Production
December 26, 2023
BLOG
How Digitalization Is Reshaping Manufacturing Production
The manufacturing industry has seen significant progress in recent years thanks to the development of digitalization. Digitization involves incorporating digital technologies into various aspects of manufacturing operations management, which is revolutionizing how manufacturers produce goods. With initiatives such as Industry 4.0, the Industrial Internet of Things (IIoT), and Artificial Intelligence (AI), digitalization has given manufacturers access to bleeding-edge systems that provide insightful data, streamline efficiency, and enhance competitiveness. In this blog, we dive into how digitalization is reshaping manufacturing production.

Increasing Production Efficiency:

One of the popular ways digitalization is changing manufacturing production involves improving production efficiency. Digitization has led to the development of automation and connected systems, which enables manufacturers to monitor and control production processes in real-time. Automation eliminates human error and the need for manual labor, hence increasing production accuracy and efficiency. Additionally, data generated from the machinery and production systems provide manufacturers with useful insights, enabling them to optimize production processes to save time and cut costs.

Smart Manufacturing:

Digitalization has brought forth Smart Manufacturing- an IoT-enabled manufacturing system that delivers real-time data, control, and actions. Smart Manufacturing involves using data analytics and AI technologies, such as machine learning, to build out a more efficient operation that can adapt to market changes. By sharing data with other machines on the production line, manufacturers can detect equipment failures and resolve them before they impact the production process. This enables manufacturers to enhance efficiency, improve production quality, and reduce downtime.

Predictive Maintenance:

One of the significant advantages of digitalization is its incorporation of predictive maintenance systems for equipment maintenance. By using IoT-enabled machines, manufacturers have access to real-time data, which they can analyze to detect potential breakdowns before they occur. Predictive maintenance systems eliminate unplanned downtime and the associated costs of repair. With predictive maintenance, manufacturers can optimize equipment performance and enhance the overall productivity of the plant.

Customization:

Digitalization has enabled customization in manufacturing production systems. With the help of digitized processes, manufacturers can produce customized products that meet individual customer needs. For instance, lean manufacturing systems can produce products according to customer preference. This has allowed manufacturers to develop stronger relationships with their customers and attain a competitive edge.

Supply Chain Management:

The development of digitalization has enabled connectivity between manufacturers, suppliers, and customers. This has resulted in improved supply chain management, enabling manufacturers to receive real-time information from suppliers and distribute products to the customers promptly. Through digitization, manufacturers have gained transparency into supply chains, making it easier to identify inefficiencies and areas of improvement.

The development of digitalization has revolutionized the manufacturing industry by optimizing traditional manufacturing processes. By incorporating IoT, data analytics, and AI, manufacturers can increase production efficiency, improve quality, reduce downtime, and attain a competitive edge. Those who have adopted digitalization have transformed their business operations significantly. The era of digitalization has only begun, and the benefits of technology in the manufacturing industry are limitless. It is a promising endeavor for manufacturers across the world to invest in this technology so that they can reap its benefits and create smart manufacturing plants of the future.

Frequently Asked Questions
  1. How big is the Manufacturing Operations Management Market?
    Ans. The Global Manufacturing Operations Management Market size was estimated at USD 16.67 billion in 2023 and expected to reach USD 18.62 billion in 2024.
  2. What is the Manufacturing Operations Management Market growth?
    Ans. The Global Manufacturing Operations Management Market to grow USD 36.45 billion by 2030, at a CAGR of 11.82%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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    Ans. We are approaching our 7th anniversary in 2024!
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