2 Aug
2018

How Food & Beverage Manufacturers are Using Analytics to Cut Costs

How do food and beverage manufacturers contain growing expenses? By implementing IIoT solutions, which crucially employ the gathering of food and beverage analytics, manufactures can develop appropriate solutions.

Analytics
Food Manufacturing IIoT
Industry 4.0
Smart Factory
IIoT
Comment les manufacturiers de produits agroalimentaires et de boissons utilisent l'analyse pour réduire les coûts

How do food and beverage manufacturers contain growing expenses? By implementing IIoT solutions, which crucially employ the gathering of food and beverage analytics, manufactures can develop appropriate solutions. In doing so, factories can become smarter: Base decisions and problem solving strategies on quantifiable data rather than on educated guesstimates and forecasts based on partial data capture

In, "Food For Thought," a paper on the food and beverage practices by Marsh, they explain how food and manufacturers can use food and beverage analytics and tools. In doing so, "food and beverage companies are assigning values to the unknown, forecasting the extent of potential financial damage, and assessing possible mitigation opportunities to manage their exposures." 

This approach, Marsh writes, is helping manufacturers to "drive intelligent business decisions and change." 

 

 

How to use food and beverage analytics?


Here are some examples of how to quantify value by using food and beverage analytics according to Marsh:

  • Capture and analyze the potential volatility of new facilities and product lines as they relate to the bottom line
  • Forecast the probability of potential losses through a database of comparable industry data
  • Explore a range of potential loss out comes.
  • Identify all potential risks, including those that haven’t historically led to losses
  • Flagging excessive risks before an incident occurs
  • Early identification of product exposure

Source + read the entire paper.

 

 

Want to learn more?
Download the ebook
Related blog articles

Articles connexes

Retour au blog
Nous vous remercions ! Votre demande a bien été reçue !
Oups ! Un problème s'est produit lors de l'envoi du formulaire.
4
Mars 2019

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

French
30
Mars 2020

Industrie 4.0 - moteur de changement dans l'industrie manufacturière et les opérations

French
2
Juillet 2019

Réussir dans l'Industrie 4.0 avec le leadership agile

French

Articles connexes

Retour au blog
Nous vous remercions ! Votre demande a bien été reçue !
Oups ! Un problème s'est produit lors de l'envoi du formulaire.
10
Avril 2024

Définir la différence entre le temps de production et le temps de cycle

Le temps de cycle et le temps de production sont des indicateurs clés de la performance manufacturière. Découvrez ce que chacun signifie et comment les utiliser pour augmenter la productivité dans le cadre de votre processus de production.

French
13
mars 2024

Moteurs d’efficacité manufacturière : Monitoring des machines et du TRG

Le monitoring des machines et du TRG (taux de rendement global) sont efficaces pour améliorer l'efficacité globale, mais quelle est la différence entre eux et qu'est-ce qui est le mieux adapté à vos opérations?

French
13
mars 2024

Engines of Manufacturing Efficiency: Machine Monitoring and OEE

Machine Monitoring and OEE (Overall Equipment Effectiveness) are effective at boosting overall efficiency, but what is the difference between them and what is best for your operations?

English