Use of virtual manufacturing networks has potential to lead
to greater agility and resilience in the long run.
Growing demands for shorter order-completion cycles, greater customization and more small-batch options are compromising small and medium-sized manufacturers’ abilities to accept production orders. To stay competitive and maintain their profitability, companies have started adopting a strategy called virtual manufacturing networks, which has typically been used by larger, more mature industries such as automotive, aerospace, semiconductor and electronics.
Article and image from :Â digitalengineering247.com
