Managing a network of plants, functions, production processes, and employees is hard work.
Every day there are countless opportunities for mistakes that erode the bottom line: a tiny ingredient error ruins a beverage batch; a failed sensor destroys a complex customer order; a frontline worker doesn't notice an idle machine in need of stock; a warehouse temp mislabels a container.
There's an easier way.
The Connected Enterprise (a means to achieve Smart Manufacturing) brings visibility and contextual information to these activities — and much, much more.
The Connected Enterprise helps to stop these losses as they occur, while also pointing managers and employees toward potential productivity improvements. Minute-by-minute losses are transformed into daily cost savings — and improved profitability.
Two-thirds of manufacturing executives say the application of Internet of Things (IoT) technologies within plants and processes, a requirement of The Connected Enterprise, will increase profitability in the next five years; one-quarter expect the IoT profit boost to be greater than 5%. Embedded intelligence can immediately make a profit impact in a variety of settings, including:
Executives too often “fix” an issue by throwing more people or new equipment at the problem.
Smart Manufacturing takes a different approach: Leveraging current assets by embedding them with intelligence to communicate across the enterprise.
Smarter equipment offers a critical first step for any type of improvement — gathering information — and makes it possible for manufacturers to know what's really happening inside their facilities. This real-time information makes profit-focused analytics — and positive change — a reality.
Where do your plants lose profits now? More importantly: What are you doing to prevent it?