Data-the Path to Minimal Manufacturing Waste
Today’s manufacturers can easily overhaul the conventional processes with the help of technology. They can not only determine the flaws in conventional manufacturing practices but also exercise methodologies like lean manufacturing and increase their efficiency. The benefits of applying these techniques range from efficient shop floor management to reduction in manufacturing waste. They can also easily comply with the numerous regulations. Eventually, all these subtle changes will contribute to improving profitability and reducing material wastage.
While machine-to-machine communication facilitated by internet plays a crucial role in rendering critical data to manufacturers, technologies like IoT and Big Data can enable them to determine the fatal flaws in a manufacturing process. For instance, manufacturers can aggregate inventory data to analyze the sales cycle and reduce the bottlenecks in injecting efficiency into them. Sometimes internal processes restrict the manufacturers from adopting new practices and solutions but data can help them in identifying the conventional malpractices as well. They can understand the demand-supply equation and connect with suppliers in real-time for replenishing the inventory. With crucial information about the customer demographics, they can refine their manufacturing preferences.
The datasets can also help manufacturers to recognize the quality defects that might be a key contributing factor in lowering sales. With more data points about the shop floor processes, businesses can plan the downtimes. Subsequently, they can manage the inventory to maintain the supply at the level prior to the downtime. Precise information about downtime will eventually lead to optimizing the production process.
Leveraging IoT and Big Data in tandem with the right manufacturing methodologies will empower manufacturers to ensure minimal material wastage.
The Growth of Manufacturing Automation
By Tom Farrah, CIO & SVP, Dr Pepper Snapple Group
By George Evans, CIO, Singing River Health System
By John Kamin, EVP and CIO, Old National Bancorp
By Phil Jordan, CIO, Telefonica
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
By Dennis Hodges, CIO, Inteva Products
By Bill Krivoshik, SVP & CIO, Time Warner Inc.
By Gregory Morrison, SVP & CIO, Cox Enterprises
By Alberto Ruocco, CIO, American Electric Power
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
By Sven Gerjets, SVP-IT, DIRECTV
By Marie Blake, EVP & CCO, BankUnited
By Lowell Gilvin, Chief Process Officer, Jabil
By Walter Carvalho, VP & Corporate CIO, Carnival Corporation
By Mary Alice Annecharico, SVP & CIO, Henry Ford Health System
By Bernd Schlotter, President of Services, Unify
By Bob Fecteau, CIO, SAIC
By Jason Alan Snyder, CTO, Momentum Worldwide
By Jim Whitehurst, CEO, Red Hat
By Marc Jones, Distinguished Engineer, IBM Cloud Infrastructure