Posted: July 13th, 2022

Digitization Assignment | College Assignment: I need help writing a research paper.

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According to the Forbes article, the forces that are transforming how people are made are globalization and regulation. “They still drive manufacturing companies, nevertheless, there are additional forces that must be taken into accounts such as digitization, personalization, smart products and connectivity and servitization.” (Ambruch, 2013, section 3.1). Quality is all about constantly meeting or surpassing the clients’ needs and hopes. As Vonderembse & White (2013, section 2.3) stated, “It is evaluated based on the reliability and responsiveness of service.”

Digitization is a process toward altering over raw data into a shape that can be used by a computer, which can be shared with individuals worldwide. Digitization is important as it assists in improving global collaboration or teamwork, which “is important because it allows, manufactures to simulate and validate any product configurations and designs before they are built” (Ambruch, 2013, section 3.2).

Personalization incorporates the voice of the customer, which describes what customers want and what they like and do not like. “Listening to the voice of the customer is essential to be a successful organization” (Vonderembse & White, 2013, section3.1). As consumer demand continues to evolve, manufacturers must answer to the desires of the customer. Though, responding to the needs of the customer is not always the most cost-effective way. Variety upsurges cost, and possible decreases quality. Producers frequently use the voice of the purchaser to better understand their customers, and to make certain quality does not suffer.

Smart products and connectivity refer to our smart devices and how we connect to the rest of the world. This is important because future technologies will allow our smart products to connect and converse directly with others. For example, smart thermostats control a growing array of home devices, transmitting data about their use back to manufacturers. This ability often leads to servitization.

Servitization is the process of increasing value by adding services to products. It is important because it creates value-added capabilities to consumers, which are distinctive and sustainable over competitors (Elliott, 2014). It is also a process of business innovations that lead to the integrated supply of goods and services improving the satisfaction of customer needs, performance allowing the generation of competitive advantages. It is beneficial because it is a means to create value-added capabilities to consumers, which are distinctive and sustainable over competitors.

Servitization is a process of business innovations that often leads to an integrated supply of goods and services improving the needs of customers, performance and allowing the generation of competitive advantages. “Future manufacturers will need to look beyond the single product sale transaction to stay competitive because technology will be taking the lead and setting the standards” (Ambruch, 2013, section 3.2).

Globalization “is a process of interaction and integration among the people, companies, and government of different nations” (Vonderembse & White, 2013, section 3.2). It is a process driven by global trade and venture while being aided by information technology. The benefits include consumers being able to have access to more products and services worldwide. The manufacture and the source of the material will become irrelevant; the best value will be in the price. Producers should be able to create, build and sell to from wherever in the world” (Ambruch, 2013).

Lastly, regulation is a principle that rules under a law designed to control behaviour (Vonderembse & White, 2013). The benefit of having regulation is that it makes a company accountable and sets the standards for consumer protection. As Ambruch (2013) indicated, multiple leaders, are under the impression that world-wide products agreement will be the most developed to coordinate tactics and planning.   Business & Finance Assignment: I need help writing a research paper.

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