In manufacturing, a company’s efficiency is critical.
In fact, the manufacturing industry has been feeling pressure from globalization and increased competition for decades. This pressure can lead to manufacturing inefficiencies that cost your business money. Fortunately however, smart manufacturing software helps companies identify bottlenecks and inefficiencies, streamline processes, and improve operational efficiency with OEE data.
With informed OEE data you can take actionable improvements in each area of manufacturing – availability, performance, or quality – which will save time and money while increasing production rates.
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What is Smart Manufacturing?
In manufacturing, the term “smart manufacturing” is a buzzword used to describe manufacturing processes that are driven by data and information. This type of manufacturing relies on a network of software-driven machines and sensors to automate many tasks, from assembly lines to warehouse operations.
While manufacturing offers many benefits to the business, it can be slow and inefficient. By using smart manufacturing software companies are able to increase their production rates while decreasing costs by streamlining processes all throughout the factory floor. To improve processes, you must be able to measure in real-time what is working and what isn’t. Outdated data or a lack of current data can add to a growing performance problem, putting productivity, efficiency, and profitability at risk.
The Connection Between OEE and Smart Factories
OEE data calculates an asset’s effectiveness examining its availability, performance, and quality of parts produced. Manufacturing OEE improvements include identifying and resolving production bottlenecks, reducing manufacturing cycle times and improving final product quality. By understanding what is causing inefficiencies on the factory floor and addressing them head-on with smart manufacturing software implementation, companies are able to save both time and money.
Informed OEE helps to streamline maintenance repairs by identifying which ones need attention sooner saving valuable production time. When it comes to manufacturing there is always a constant pressure to increase efficiency while decreasing costs. Thankfully, using smart manufacturing software can help identify where these improvements can be made so that your business can stay ahead of the competition.
How Smart Manufacturing can help Improve Machine Asset Efficiency
Currently, many shops overstate asset efficiency because there just isn’t a way to measure it. Lacking smart manufacturing software and the information it can provide, organizations not only sacrifice performance but also reduce their opportunity to improve return on assets (ROA) and boost margins.
Smart production monitoring software helps companies identify bottlenecks and inefficiencies, streamline processes, and improve operational efficiency and overall equipment effectiveness (OEE). OEE data calculates an asset’s effectiveness, examining the availability, performance, and quality of parts produced and sets into motion actionable improvements in each area. Informed OEE helps to streamline maintenance repairs and identify what needs attention sooner, saving valuable production time and money.
Today’s minimally invasive manufacturing software solutions are easy to install and maintain, providing real-time metrics from any industrial asset on the plant floor. Informed asset data and analysis increases manufacturing efficiency, expanding your bottom line and improving overall productivity.
Learn more about how smart manufacturing software can improve asset effectiveness.
For more information about the Freedom Smart Manufacturing Platform, contact Sam Bowman at 513-719-1617 and [email protected]