PBO and Industry 4_0

Many companies fail to see themselves as first and foremost a project business. They think manufacturing or engineering first when they should think projects first. Projects must be the core of business. It is like the Pareto rule, 80 percent of business is project-based, yet sadly too many large manufacturers keep buying systems to satisfy the 20 percent Whether labelled Industry 4.0, IIoT, or lean manufacturing, the right systems and processes are essential. PBA was expressly developed to fit this complex paradigm Di Liello: Integrated data that is immediately accessible is the powerhouse of any business and provides the basis for businesses to make more accurate, effective and timely decisions. Business opportunities are missed as data often take months to aggregate and vet to ensure consistency and accuracy. As a result, poor decisions are made based on outdated data. The result are business deals with subpar margins.

PBO was created as a new technology category to specifically help project-based manufacturers achieve best practices. Bringing all the project functionalities along with the manufacturing functionalities into one system creates a seamlessly connected operation, precisely what Industry 4.0 is meant to accomplish.

PBO ensures that many manual processes are automated. Data exchanges between operations and finance are instant, ensuring the financial status of projects are known 24/7. Visibility into the whole project manufacturing processes is transparent and real time. If materials are delayed for a production order, that is instantly flagged on the project as a constraint and can be dealt with quickly by adjusting the timeline or sourcing materials elsewhere.