10 Aug
2018

Three Ways Smart Manufacturing Creates Value

What exactly does a smart manufacturing facility look like? If you walked into a smart factory that leverages data collection and analytics, performance, machine and downtime monitoring, OEE and giveaway, you may not be able to note anything extraordinarily different before your eyes.

Analytics
Food Manufacturing IIoT
Industry 4.0
Smart Factory
Smart Meat Processing
IIoT
Three Ways Smart Manufacturing Creates Value

What exactly does a smart manufacturing facility look like? If you walked into a smart factory—one uses IIoT; that leverages data collection and analytics, performance, machine and downtime monitoring, overall equipment effectiveness and giveaway, and other related technologies—you  may not be able to note anything extraordinarily different before your eyes.  

 
But, in a paper for Hitachi Consulting, authors Greg Kinsey (Vice President, Industrial Solutions & Innovation, Hitachi Vantara) and Mark Nott (Vice President Global Solutions & Innovation, Hitachi Consulting,) they note, "once you started talking to people, you would understand the dramatic contrast between a digital manufacturing environment and a traditional one. In the smart factory, people would feel they have more knowledge at their disposal about operations. They’d be in better control of their processes, and they’d know what’s coming—predicting what might happen based on data and analytics.”  

 

three-ways-smart-manufacturing-creates-value

Image: Hitachi Consulting

 

And how does this really effect the bottom line or quality?  “If you looked at the key performance indicators (KPIs) for the smart factory, you’d notice it has a higher quality level, more efficiency, increased throughput, fewer bottlenecks and more flexibility. It responds more easily to smaller lot sizes, variable customer requirements and changing conditions. Hot weather coming in? The smart factory has a weather forecast built into its algorithms, and it knows when to readjust processes to compensate for the heat.” 

 

Kinsey and Nott write, “A smart factory with these capabilities is the goal of every manufacturing executive on the planet.” The question, they ask is, how can you get there

 

 

Here are three ways smart manufacturing creates business value

 
1. Predicting and preventing downtime: Reducing the number of products that are out of sync with Takt time, increasing capacity and throughput, and reducing maintenance costs.  
 
2. Predicting and preventing bottlenecks
: Having materials arrive at the right time with each station working at full capacity, increasing throughput.  
 
3. Predicting and preventing defects: Reducing cost of poor quality (CoPQ) and enabling better product mix. 

Source + read the complete report.

 

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.
19
Nov 2019

Types de gaspillages dans le lean manufacturing - le gaspillage résultant des mouvements et des gestes inutiles

French
12
Apr 2018

Smart Factory Analytics: Creating New Business Opportunities

English
29
Oct 2021

Your Factory's Digital Manufacturing Roadmap: A 5+ Item Checklist!

English

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
1
Aug 2023

How Worximity Transforms Data from Your Shop Floor into Metrics that Drive Productivity

Manufacturers are sitting on a gold mine of data and Worximity puts this critical information within reach for manufacturers of all types and sizes.

English
27
Jul 2023

Monitoring de la production ou ERP: ce dont votre usine a vraiment besoin.

Rester compétitif et maximiser l'efficacité est crucial dans le paysage manufacturier d'aujourd'hui. Pour atteindre ces objectifs, les entreprises manufacturières sont souvent confrontées au dilemme de sélectionner les bonnes solutions logicielles pour rationaliser les opérations.

French
27
Jul 2023

Production Monitoring or ERP: what your manufacturing plant really needs.

Remaining competitive and maximizing efficiency is crucial in today’s manufacturing landscape. To achieve these goals, manufacturers are often faced with the dilemma of selecting the right software solutions to streamline operations.

English