July 31, 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
Analytics
Analytics
Machine Monitoring
Machine Monitoring
Analytics
Analytics
Machine Monitoring
Machine Monitoring
Food & Beverages Processing
Text Link
Consumer Product Goods
Text Link
Material Building & Construction
Text Link
Original Equipment Manufacturer (OEM)
Text Link
Pharmaceuticals & Supplements
Text Link
Packaging & Co-manufacturing
Text Link
Text Link

 

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.

 

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
No items found.
21
Sep 2023

Smart Manufacturing: It's Not Only Productive, It's Sustainable

Production monitoring technology can serve as a crucial catalyst for manufacturers embarking on their ESG journey.

English
No items found.
14
Sep 2023

So Your Sales Are Down? Profitability Doesn't Have to Be

Learn how technology like production monitoring is helping manufacturers maintain profitability as sales soften.

English
No items found.
5
Sep 2023

Your Guide to Digital Transformation with Worximity

With Worximity, you don’t just get a technology provider, you get a partner who supports you throughout your manufacturing digital transformation.

English