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Smart manufacturing strategies and solutions are helping organizations across sectors stay competitive in today’s rapidly evolving marketplace. Digital, Industrial Internet of Things (IIoT) technologies are simplifying real-time collection and analysis of essential manufacturing data, information that is helping to boost productivity, improve product quality and enhance operational agility across the value stream.

Smart manufacturing is a growing trend that shows no signs of stopping. Across industries, digital technologies and Industrial Internet of Things (IIoT) solutions are transforming the shop floor from traditional linear operations to interconnected systems that communicate, adapt, collect, exchange and analyze data. These solutions are helping organizations boost production, improve efficiency and increase cost-savings, while simultaneously reducing unplanned downtime, part setup time, required system maintenance, and more.

Functional excellence is not enough to stay competitive in today’s manufacturing landscape. Maintaining a profitable, competitive and sustainable business today requires that organizations achieve efficiencies across each stage of the value stream. Creating and sustaining manufacturing efficiencies, however, can be challenged by a variety of factors, including a growing competitive marketplace, shifting customer demand, rapid introduction of new technologies, rising raw material costs, diminishing manufacturing expertise, as well as organizational, cultural, and process change management obstacles.

The National Institute of Standards and Technology (NIST) defines “smart manufacturing” as “fully-integrated, collaborative manufacturing systems that respond in real time to meet changing demands and conditions in the factory, in the supply network, and in customer needs.” In short, smart manufacturing is the optimization of every aspect of the value stream via interconnected solutions that facilitate automation, real-time monitoring, and continuous data analysis to increase efficiency and productivity.

The technology landscape for North American manufacturers continues to grow more complex as new automated, smart technologies are introduced at a rapid pace. Automated, smart technologies are helping manufacturers keep step with this fluctuating marketplace, enabling them to maximize cost, delivery, flexibility, and quality via interconnected solutions that promote rapid flow and widespread use of digital information within and between manufacturing systems.

FREEDOM™ demonstrated its growing, connected IIoT Smart Manufacturing Platform at IMTS 2018. More than 2,500 manufacturers brought their latest and greatest technologies to Chicago, Illinois. It was a record-breaking year for registrations, square feet of exhibit space, exhibiting companies, and booths.

5ME® Cryogenics and FREEDOM™ are happy to announce the booths we will be exhibiting in at IMTS 2018. 5ME® Cryogenics will be exhibiting with Doosan Machine Tools America in the South Building and our Bluezone™ partners – Star SU and Fullerton Tool Company – and Benz, Inc. all in the West Building of McCormick Place. FREEDOM™ will be on display in the South Building as well as in the AMT Smartforce Student Summit in the North Building. Being in multiple locations gives you the opportunity to chat with our experts in nearly every building of the show!

Lean manufacturing strives to boost customer value by improving efficiencies and reducing waste across operations. Moving toward lean manufacturing requires more effective management of materials, human resources, and energy. Compiling and analyzing the right data is crucial to the success of lean manufacturing.

The competitive and highly regulated medical sector is one of the fastest growing segments of today’s manufacturing marketplace. This rapid growth requires smart management—of assets, budgets, processes and more.

To thrive in today’s competitive manufacturing environment, you need to ensure optimal performance of assets while continuously increasing efficiency and reducing costs.

To improve processes, you must be able to measure in real-time what is working and what isn’t. Outdated data or a lack of current data can add to a growing performance problem, putting productivity, efficiency, and profitability at risk.

Your factory floor is an excellent example of where you should be continually capturing and analyzing data.