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This Week in Consulting

Wednesday, October 30th  2019

The digital Transformation in Aerospace and Defense

THIS WEEK’S MUST READ

The impact Industry 4.0 technologies can have on A&D companies varies depending on a company’s size, where it is in the supply chain, what its role in the supply chain is, and, most importantly, its business focus. For A&D companies to successfully implement Industry 4.0 at the enterprise level, digital transformation should occur at three levels: customer engagement, new products/services and platforms, and intelligent assets.”

Digital transformation is certainly a lever for aerospace and defense companies and industrial 4.0 technologies could be the key to future competitiveness..

This Week’s Must Read  is an insight piece from Deloitte where the consultants discuss what A&D companies can do better to achieve digital transformation.

Read on to Find out More: “Aerospace & Defense 4.0 | Robin Lineberger, Aijaz Hussain, Tim Hanley, Vincent Rutgers and Brenna Sniderman, Deloitte.


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THIS WEEK’S VIDEO:

Aerospace companies are tasked with designing and creating products for conditions that may not exist inside a lab or even on the planet.

THOUGHT LEADERSHIP

  • Agile methods in complex Aerospace & Defence projects: “About 25 years ago, the hype around “lean” took of: lean management, lean production, lean etc. Nowadays, the new buzzword is “agile”. At our clients and everywhere in the industry we find change projects around agility: agile company, agile management, agile deve­lop­ment, agile processes etc. However, the understanding of what “agile” means and what these change projects are aiming at is very vague.” The author explains how Agile methods and mindset can be applied in A&D. | Martin Kraus, Actrans
  • Blockchain Technology for Aerospace MRO and Parts Tracking: Blockchain Technology enables end-to-end component lifecycle visibility, trusted data exchange across internal and external MRO (Maintenance, Repair, and Overhaul) stakeholders, and unified operational efficiency across the MRO Value Chain. This results in decreased risk, decreased turnaround time, and cost savings for the entire industry.” The article shows how blockchain technology can be used to improve the traceability of Parts for Safety, Compliance, and Interoperability across the Aerospace MRO value chain. | Kevin Doubleday, Fluree
  • Harness the engine of innovation: “With aerospace and defense companies continuing to contend with myriad challenges—from insurgent competitors and breakneck technological change to geopolitical instability—being relevant is more important than ever. Industry players are working hard to develop new and innovative ways to serve the needs of their customers, suppliers, partners and workforce at the “moments that matter.” The article gives an overview of technology trends reshaping aerospace and defense. | John Schmidt, Marc Gelle, Accenture
  • How A&D organizations can achieve digital manufacturing transformation: “In the aerospace and defense industry, tremendous growth opportunities are emerging through new business models, blended partnerships and technological advancements in digital manufacturing. However, that growth can frequently be held back by outdated processes, aging technology and fragmented value chains. By adopting and integrating new technologies, and deploying them at scale, businesses can thrive in the digital age.” Here the author enlights how to improve product availability and profitability through an Aerospace and Defense digital value chain. | Chris Lennon, DXC Technology

CONSULTING INDUSTRY NEWS

  • P&G doubling recycled content for European cleaning brands in 2020: “Consumer goods giant Procter & Gamble Co. is more than doubling the amount of recycled plastic in its packaging for household cleaning brands in Europe by early 2020”. | Shahrzad Pourriahi, Crain Communications
  • Nokia slashes profit outlook in fight for 5G business: “The telecom network equipment maker, which met third-quarter profit expectations, also said it would pause dividend payments to raise investments in 5G and only resume them when its cash position improves to around 2 billion euros”. | Tarmo Virki, Reuters
  • Majority of UK staff ‘would perform as well’ with no boss: “Micromanaging bosses are leaving many employees craving more freedom to do their jobs, with two-thirds of workers stating they want more responsibility at work. At the same time, a failure to adequately motivate and support staff means a majority believe they could effectively execute their role without their manager at all”. |Consultancy.uk
  • Deloitte buys SAP and Oracle partner Presence of IT: “Deloitte has announced that Australian cloud and HR consultancy Presence of IT will join its Human Capital Consulting practice. Sydney-headquartered Presence of IT is a 20-year old consultancy that specialises in human capital management consulting and technology implementation. The company partners with SAP, Oracle, PeopleSoft and Kronos, and has won numerous partner awards.” | Simon Sharwood, CRN Australia

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Published in Emerging Business Trends, This Week in Consulting