From the outset of this year and beyond, organizations across the globe have faced uncertainty -- especially manufacturers. Now, many of those same businesses must answer tough questions to mitigate COVID-19 business effects and transform business priorities in response.
How has the COVID-19 impacted business? How can manufacturing companies evolve to survive amid today’s new normal? Are these difficulties and losses avoidable in the future?
Today, survivability and future success for manufacturers rely heavily on cost optimization, but knowing how and where to streamline processes or shift operations isn’t always obvious. Industry 4.0 presents significant opportunities for manufacturing organizations to transform their entire value chains, spanning from design and production all the way to the delivery of new products.
To help manufacturers transform business operations efficiently and effectively, Wipro has developed a special cash preservation plan: the SAVE Framework. This end-to-end strategic approach starts with service design-led design thinking sessions followed by prioritization and business cases and then programmatic deployment. This framework helps organizations reduce costs while maintaining agility and adaptability in innovation by focusing on four key areas: