Experts say that industrial equipment manufacturers face several key challenges. These include a lack of visibility into their profitability, a lack of insight into the supply chain and the inability to work together productively with other stakeholders. While many industrial equipment manufacturers have found solutions to these problems by installing ERP systems to manage their business, this may not be the best way to solve them all.

Companies in the manufacturing sector are also facing the challenge of planning new strategies and investing in technology to increase their authority as digitization and innovation become more prevalent.