Generation Z (1997-2015) has the potential to change the outlook on manufacturing in the foreseeable future. Baby Boomers (1946-1964) make up 22%-27% of the current manufacturing workforce. Nearly 10,000 Baby Boomers are retiring each day, leaving a void to fill in the workforce for the next decade.
Technology is changing the way that managers conduct production analysis. Analyzing your value chain may be the best way to identify where your company could benefit from the new ways to monitor business activity. Integrating a variety of technological monitoring systems can improve the organizational efficiency.