31 Jul
2018

3 Ways Monitoring & Analytics Maximizes Operations Performance

With a variety of conditions that have led to an increase in the cost of raw materials, in the cost of accessing raw materials and to a decrease in growth, manufacturers are looking for new solutions to maximize operations performance. Enter manufacturing monitoring and analytics

Analytics
Machine Monitoring
3 Ways Monitoring & Analytics Maximizes Operations Performance

 

With a variety of conditions that have led to an increase in the cost of raw materials, in the cost of accessing raw materials and to a decrease in growth, manufacturers are looking for new solutions to maximize operations performance. In "Manufacturing: Analytics unleashes productivity and profitability," by Valerio Dilda, Lapo Mori, Olivier Noterdaeme, and Christoph Schmitz, they discuss the challenges manufacturers face and solutions in manufacturing monitoring and analytics. The simplest way to become a smart factory is to implement automatic data collection, monitoring software and manufacturing analytics.

 

 

Three ways manufacturing monitoring and analytics can maximize operations:

  1. Predictive maintenance: Maximize opening time of critical assets, leveraging big data to predict and anticipate failures.
  2. Yield/throughput: Maximize yield/throughput of individual assets by optimizing working parameters based on big data analysis.
  3. Systems/supply chain dynamic optimization with advanced modeling: Dynamically define optimal set-up point (e.g., sales mix, value allocation, procurement mix,) to maximize profit/hour generation.

 

Manufacturing-Monitoring-and-Analytics

Infographic source: McKinsey & Company

Source + read the original article.

 

Want to learn more?
Download the ebook
Related blog articles

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
12
Nov 2021

Top Elements to Look for When Evaluating Process Manufacturing Software

English
20
Aug 2019

Partnership - The difference it makes!

English
1
Oct 2021

Why the Food and Beverage Processing Industry Can’t Afford Incomplete Data

English

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
10
Jun 2019

Serez-vous capable de rattraper les leaders de l'industrie - Partie 2

Comment des entreprises comme la vôtre peuvent-elles adapter leurs projets 4.0 pour atteindre des niveaux d'efficacité similaires à ceux atteints par les phares? Qu'est ce qui génère de la valeur lors de la mise à l'échelle?

French
20
Nov 2019

Comment améliorer la production en boulangerie avec les solutions d'industrie 4.0

Comment utiliser la solution TileConnect de Worximity pour améliorer la production de vos boulangeries.

French
4
Mar 2019

À la recherche d'une solution à la pénurie de main-d'oeuvre?

Êtes-vous à la recherche d'une solution à la main-d'oeuvre? Voyez ce que plusieurs entreprises manufacturières font!

French