Customer demand variations and lower product lifecycle has led Contract Manufacturers & Electronic Manufacturing Services to invest in IT Operations Management.
Larger brands and OEMs heavily rely on contract manufacturers to save large fixed investment costs. With increase in competition and shorter product lifecycle, the demand for contract manufacturing industry is also increasing. Contract manufacturers are faced with challenges involving a large vendor base, wider scope of products and better designing capabilities. Electronics Manufacturing Technologies and contract manufacturers today feel the need to optimize their business using the Industrial Internet of Things (IIOT) and focus on cost reduction by means of analytics to decide the scope distribution, vendor selection, prevention of asset failures and maintaining quality to ensure consistency across products.
Hexaware’s consulting services and offerings are helping contract manufacturers and electronics manufacturing solutions to gain insights and explore business opportunities to enhance overall organization performance.
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