On a broader scale; IoT, combined with Cloud Computing, Mobile and Digital technologies will enable an integrated end-to-end process in the supply chain the likes of which weve never seen before.
Last year, I wrote about the Common Mistakes That Growing Manufacturers Make (June 2017). Well, here are a few more examples of how manufacturers can avoid serious problems and reduce risks, costs, and streamline their business processes.
This bimodal distribution is rampant throughout industry. It can be very simply described as "too much of the wrong and too little of the right" at any point in time and "too much in total" over time.
3D digital manufacturing inherits several privacy and security-related challenges with multiple stake holders. Blockchain technology can be used for enabling data governance, data provenance, data auditability and data validation in 3D printing.
There are three areas where best practices help top-performing manufacturers concentrate their efforts: Production planning and scheduling, Production management, Quality
Fully connected machines eliminate the need for post-production stress tests. The end users locations becomes the test environment. The varying use cases of each deployment create variations in the testing.
With off shoring trend reversing in most countries, on shoring with smart plants are becoming increasingly popular choice. Comparesoft studied the key reasons why manufacturers are adopting cognitive and predictive maintenance strategies in their smart plants.
RS Components have created an interactive graphic, The Manufacturing Capitals of the World. which reveals who came out on top in 2010, 2016 and who is expected to dominate the sector in 2020.
New manufacturing technology and the move to digital is being embraced globally, because manufacturers realize this is necessary to survive, and thrive.
The MFG Token provides the incentive for precision parts suppliers to be more responsive to RFQ's (Requests for Quotes) initially on SyncFab ultimately on the Smart Manufacturing Smart Contract compatible blockchain.
At the cutting edge of this trend are new types of human-machine interactions, such as virtual reality, next-generation design tools, 3-D printing, and collaborative robots. As these complementary technologies begin to link multiple factories with designers, supply-chain partners, distributors, and customers, the sector can form more dynamic digital networks and turn around the trend of slowing productivity growth.
Manufacturers have always operated with a certain level of risk. While that continues today and will always be the case in one form or another, what has changed are the specific types of risks that manufacturers face, as well as some of the strategies for managing those risks.
We have to find a balance between interrupting production and trying something that will improve production. As we increase capacity at a rate that outpaces our marketing experts we hope to have a span of time where we'll be able to have some freedom to experiment and optimize.
Ease of access, improved productivity and automated decision-making are amongst the primary benefits of the IIoT. Those who hesitate are bound to suffer serious setbacks in output, customer service and overall competitiveness in the comings months and years.
Together, well-designed technology and people drive solutions. LES is a tool that empowers workers with real-time information to see and solve production problems and create innovation.
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