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
Trois façons dont la fabrication intelligente crée de la valeur

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

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.
18
Juillet 2018

Are you as a manufacturer ready for IIoT?

English
22
Août 2018

Podcast: What to Expect at IMTS 2018

English
10
Juillet 2018

Kick-starting Digital Transformation in IIoT

English

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.
1
Août 2023

Comment Worximity transforme les données de votre usine en indicateurs de performance qui stimulent la productivité

Les entreprises manufacturières sont assises sur une mine d'or d'informations et Worximity met ces informations essentielles à la portée des entreprises manufacturières de tous types et de toutes tailles.

French
1
Août 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
Juillet 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