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.
7
Jan 2019

Artificial Intelligence in the Food Industry: Six areas of application

English
8
Oct 2019

Types de gaspillages dans le lean manufacturing - le gaspillage dû au sur-traitement

French
27
Mar 2020

Ce que vous devez savoir sur le monitoring de la production en 2020

French

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
15
Mar 2018

Some Artificial Intelligence Statistics, by Sector

We stumble upon this very neat infographic representing the Artificial Intelligence progression in various sectors like manufacturing with Industrial Internet of Thing and Industry 4.0.

English
23
Jan 2019

Food Industry: True Opportunities Reside in Artificial Intelligence

Artificial intelligence is progressively making an entrance in the food industry and it is definitely here to stay. Learn more about the opportunities derived from investing in a successful future with AI.

English
21
Dec 2018

Artificial Intelligence: A New Reality for the Food Industry

With an increasing amount of companies opting for the implementation digital technologies in their production lines, artificial outsets to be the topic of the hour for many. Learn more about what this technology has to offer to the food industry.

English