Trends in manufacturing for 2015 can be summarized in two words: connection and communication.
Companies are leveraging technology to enhance production and customer service, and the on-shoring trend (also called next-shoring) appears to be gaining momentum. Many aspects of the manufacturing process have become automated, and the next wave is poised to affect financial management.
Three fourths of finance executives responding to a recent study believe that "SMAC" will change the structure and operations of finance departments, according to a report by technology company, Oracle. SMAC is an acronym for a cluster of new technologies: social, mobile, analytics and cloud.
Also in this issue:
- R&D credit ... and other extenders that help manufacturers
- Patent infringement continues to plague inventors