How to Measure Manufacturing Efficiency
If you own a manufacturing business, one of the key rules to achieving sustained growth is ensuring your operations are efficient. Regardless of the items you are producing, you must track the entire production process to assure your workforce is diligent, your machinery works well, and your maintenance costs remain as low as possible.
The Modern Manufacturer and the Smart Factory
As technology has changed at a rapid pace, so has manufacturing. Only twenty years ago, practically nothing had internet access. Now, it is hard to find something without internet access. A common way to explain how the manufacturing sector has changed is by referencing the steps of technological advancement that the manufacturing industry has taken.
The term OEE stands for Overall Equipment Effectiveness.
Have you ever heard about OEE? Many times, right? It sounds like a buzz word for a quality team. Overall Equipment Effectiveness is a standard metric for measuring manufacturing productivity for products or services. Whether you’re running a small or large business, implementing Overall Equipment Effectiveness is highly important.
IoT Challenges Debunked
Some of the most commonly discussed IoT challenges that prevent implementation are the financial investment risk and legacy infrastructure. From a financial standpoint, the investment may vary drastically depending on the number of IoT devices connected and platform used.
Top 10 Benefits of IoT for Manufacturers
IoT in Manufacturing is on the rise in record numbers. The global IoT market will grow from $321B in 2022 to $1.69T by 2030, attaining a Compound Annual Growth Rate (CAGR) of 23.1%. IoT in manufacturing has become the prelude to which many believe will be the 4th industrial revolution or as it is commonly been referred to, Industry 4.0.
Happy IoT Day From FREEDOM!
April 9th is IoT Day and is a great opportunity to learn more about the Internet of Things and what it means for all of us. As manufacturers, the networking capability that allows information to be sent between different objects and devices using the Internet can help organizations increase performance, productivity, and profitability.
Building a Culture that Supports Smart Manufacturing
Smart manufacturing requires more than just investing in the latest IIoT solutions and technologies. Organizations that successfully incorporate smart manufacturing must experience a top-down shift from a process-first mindset to a culture-first mindset, effectively prioritizing the people side of the business. When every level of an organization is engaged and invested, a company can truly move forward and join “industry 4.0.” The following are necessary focus areas for successful integration of smart manufacturing principles and solutions.
Freedom Celebrates 5 Years of Improving Manufacturers’ Operational Growth
An increasingly global manufacturing marketplace continues to expand the competitive borders of the manufacturing environment. At the same time, tighter margins, smaller lot sizes, and higher quality requirements demand advanced technical solutions that help organizations achieve lean manufacturing across each stage of the production cycle. Since 2013, 5ME LLC has provided manufacturers with a web-based software suite that does just that. FREEDOM™ Smart Manufacturing platform delivers real-time collection and analysis of important manufacturing data that is accessible on any web browser and any device, connecting every asset on the shop floor and providing analytics to its users everywhere from the shop floor to the top floor.
Smart Manufacturing, IoT, and IIoT: What Publications You Should Read to Keep Your Competitive Edge
There’s an influx of information on the internet about smart manufacturing, IoT, and IIoT that makes it difficult to know what publications to pay attention to. At FREEDOM™, we know smart manufacturing – with our Smart Manufacturing Platform we stay up-to-date on industry trends, insights, and publications around these topics. Here are five articles we gathered to help keep your competitive edge.
The Difference between Home-Grown Solutions and Smart Manufacturing Technology
An operating platform is a foundation to manufacturer’s entire infrastructure. Depending on what systems are in place, these applications work together by sharing data which give manufacturers real-time visibility that enables instant decision-making. So, what’s holding manufacturers back from implementing smart manufacturing technology? Let’s take a look.
