Asia Pacific Manufacturing Execution Systems (MES) Market Key Trends 2014-2020
Manufacturing execution system (MES), as the name suggests, it’s a computerized system, which can be implemented in the manufacturing process, to increase manufacturing efficiency and accuracy. It manages and monitors work in process on a factory floor. The goals of MES are to make the manufacturing process more efficient and improve productivity by reducing the cycle time. MES has replaced manual operations into paperless operations for faster transfer of information and improve the process of decision making. The two basic factors that necessitate the use of MES is total quality in production and help in the decision making process. Key benefits of MES include reduced work in process inventory, support for stock keeping unit, labour tracking and ability to review efficiency by work centers, operators and equipment.
Manufacturing execution system (MES), as the name suggests, it’s a computerized system, which can be implemented in the manufacturing process, to increase manufacturing efficiency and accuracy. It manages and monitors work in process on a factory floor. The goals of MES are to make the manufacturing process more efficient and improve productivity by reducing the cycle time. MES has replaced manual operations into paperless operations for faster transfer of information and improve the process of decision making. The two basic factors that necessitate the use of MES is total quality in production and help in the decision making process. Key benefits of MES include reduced work in process inventory, support for stock keeping unit, labour tracking and ability to review efficiency by work centers, operators and equipment.
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Report Description<br />
On the basis of functions, <strong>MES</strong> market is segmented as scheduling, resource allocation &<br />
dispatch, product tracking &status, performance analysis, labour management, overall<br />
equipment effectiveness and inventory management.<br />
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180<br />
The global <strong>MES</strong> market is expected to grow two fold from <strong>2014</strong> to <strong>2020</strong>, at a CAGR of 10-<br />
12%.The global market is expected to grow significantly, as manufacturers are looking to manage<br />
complex processes and products more efficiently. Europe and North America are the largest<br />
contributors in the global <strong>MES</strong> market, capturing almost equal amount of share. APAC on the<br />
other hand is expected to register higher growth as it is attracting investors to manufacture.<br />
APAC is transforming into a manufacturing hub. All the major players of the market are focusing<br />
on the APAC region, due to rapid growth expected in the industrial and infrastructural sector. In<br />
order to cater the growing demand from Association of Southeast <strong>Asia</strong>n Nations (ASEAN), the<br />
<strong>MES</strong> manufacturers are shifting their manufacturing plants to this region, to attract more<br />
consumers and gain a competitive advantage. With foreign direct investment increasing in this<br />
region manufacturing execution system is expected to witness potential growth in the region.<br />
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