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.
3
Aug 2023

Embracing IIoT: The Smart Path for OEMs to Thrive with a Leading IIoT Smart Manufacturing Partner

By partnering with an expert IIoT solution provider, OEMs can elevate customer experience, boost competitiveness, and grow their revenue streams.

English
21
Jul 2023

CDAP: $15,000 Grant To Jump Start Canadian Manufacturing Digital Transformation Projects

With the rise of digitalization in the manufacturing industry, the Canada Digital Adoption Program (CDAP) and Worximity's smart factory performance manager software suite are helping manufacturers increase throughput and reduce production costs.

English
13
Jul 2023

5 Ways Production Monitoring Helps Reduce Turnover and Bridge the Skills Gap

Technology has an important role to play in not only bridging the manufacturing skills gap but also creating a positive and engaging work environment that fosters employee loyalty and retention.

English

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
25
Apr 2024

How to Analyze Throughput Rate

Throughput rates are an important measure of factory performance. Not only does throughput indicate whether the factory can meet customer demand, but it's also an indicator of overall plant efficiency.

English
15
Apr 2024

Les meilleurs outils d’amélioration continue pour les entreprises manufacturières œuvrant dans le secteur agroalimentaire

Dans le paysage concurrentiel du secteur agroalimentaire, la mise en œuvre de méthodologies d'amélioration continue n'est pas seulement un choix : c'est une nécessité pour rester compétitif.

French
11
Apr 2024

Votre guide en matière de contrôle statistique du processus (CSP)

En tant qu’entreprise manufacturière, il est essentiel de comprendre le contrôle statistique du processus pour survivre et prospérer dans l’environnement hyper-compétitif d’aujourd’hui.

French