- Posted: October 3, 2018
- Category: Smart Manufacturing
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 IIoT (Industrial Internet of Things) plays a significant part in smart manufacturing and improving overall equipment effectiveness (OEE), helping organizations transform traditional linear operations to interconnected operations and production systems that communicate, adapt, collect, exchange and analyze data. While it would seem that all manufacturers would welcome solutions that promise to improve efficiency and productivity, not all are so sure of the need to invest in newfangled technologies. Failing to keep up with the ever-evolving technological landscape that defines today’s competitive manufacturing industry, however, is a mistake.
The Benefits of Smart Manufacturing Technologies
Investing in the right smart manufacturing technologies can help boost the bottom line, expand the customer base, and enhance an organization’s competitive edge. Integrated and connected, smart manufacturing systems help to:
Increase productivity: Smart machines streamline production processes, increasing efficiencies and reducing errors, lags, downtime, and redundancies. Increasing manufacturing efficiency helps to boost the bottom line and save valuable time and money.
Improve product quality: Real-time production monitoring promotes optimal operational efficiency and overall equipment effectiveness (OEE), enabling managers to proactively identify and address defects, improving quality at every stage of the value stream.
Enhance operational agility: Integration of system-wide data, collected from physical, operational and human assets drives efficiency and agility, reducing production downtime and improving a manufacturer’s ability to predict and avoid potential failures and adjust to changes in demand.
Transitioning a traditional plant floor into a connected and fully integrated one is just the first step. It is also essential to implement production manufacturing software into operations to improve overall equipment effectiveness (OEE). Optimizing OEE ensures operations run as effectively and efficiently as possible, producing high-quality parts, as quickly as possible with no stop time.
The Need for Production Monitoring Software
Today’s competitive manufacturing environment requires that organizations achieve optimal performance from each machine, in addition to continuously increasing efficiency and reducing costs across the value stream. Affordable and easy-to-use production manufacturing software helps manufacturers do just that, simplifying the collection, analysis, and application of real-time data, and expediting more efficient, responsive, proactive, and predictive operations.
It’s crucial that organizations choose the solution that is suitable to their unique operation, budget, and goals. The right software can help to identify bottlenecks and inefficiencies, streamline processes, reduce production lags and downtime, improve operational efficiency and overall equipment effectiveness (OEE), improve product quality, cut costs, and more.
For example, Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial turbines and diesel-electric locomotives, turned to 5ME’s Freedom after other asset monitoring solutions proved too cumbersome. Within just 12 months, Freedom helped CAT realize tremendous gains, including:
- A $1.2 million increase in production value
- 59%, reduction in delay times
- 39% decrease in part setup times
- 30% increase in in-cycle time
5ME’s Freedom manufacturing software platform provides real-time metrics from any industrial asset on the plant floor. Providing 24/7 access to the assets performance for up-time, downtime, Overall Equipment Effectiveness (OEE), and the contributing factors for improvements.
Contact us today to learn more about how smart manufacturing software can help to transform your shop floor, boost productivity and improve asset effectiveness.