Advances in production technology and innovative thinking are driving better visibility of objects, actions and events affecting the manufacturing supply chain. By incorporating these advances into your enterprise, you can see where inefficiencies are happening, and where a change of approach will move you towards operational excellence.
Here are five ways these advances will make the factories of the future better than ever:
1. Strategic big data
Enterprises are looking at the advent of big data as a vast mine to gain deeper, more actionable insight into their operations and processes, and do more with less. The richness of big data is more than just the volume of data, but also the velocity and value of the data.
New technologies have the potential to gather and assimilate unprecedented levels of production data. This helps you to identify connections within information and make intelligent use of it.
2. The Internet of Things
The number of devices associated with business operations continues to increase. With the focus on better and more actionable business analytics, solutions that capitalize on the Internet of Things are rapidly gaining momentum, especially when they are Cloud-ready and accessible across the enterprise and beyond.
3. Actionable analytics
In real-time, you now have the ability to assess information not just to pinpoint trends, but also to act on them and improve performance as a consequence. Internet of Things-enabled devices provide ‘right now’ visibility into supply chains, distribution centers, land, and sea ports.
They also drive very tight process-driven tasks where instantaneous feedback and control are essential. Businesses can use this data to optimize processes, reduce shrinkage, and provide better security and safety throughout the workplace.
Deep visibility into mission-critical operations provides the measurable metrics enabling the enterprise to make better-informed decisions and inspire innovation.
4. Integrated ecosystems
Where, historically, a diverse, disparate mix of fixed and mobile systems and devices have operated in silos, bringing together corporate and personal technology into a manageable whole creates efficiencies and delivers new value.
Connectivity and consistent visibility across operations, supply chains, and business partners streamlines processes and operations, driving better customer service and loyalty. Tighter processes mean faster inventory turns, reducing the need for on-hand inventory. Eliminating waste and improving asset tracking can boost product quality while reducing operating and capital expenditure.
5. The virtual plant floor
The virtual plant floor is an integration of all sites and systems supported by complete, connected supply chain visibility. This focuses on how an issue at one site can affect production at another, and how to overcome these problems.