You may think there is nothing more irritating than looking everywhere for your car keys only to find them in the first place you looked. However, spending more time tracking down the right data to manage your manufacturing business than actually using it is both irritating and costly.
Talking with small and mid-sized manufacturers on a regular basis we usually see a common thread in their business challenges: a lack of timely and accurate data to make decisions quickly.
The vast amount of data generated by modern manufacturing operations is a blessing and a curse. There is so much value in the data, but the investment of time and money needed to harness the data can seem daunting to operations of all sizes.
There is so much data involved in running a modern manufacturing operation that an ERP solution is pretty much a necessity to keep up with the reporting requirements for managing your business. While accurate reports are important, have you explored all the ways your ERP could be powering all aspects of your operations?
The stories about American manufacturing in the media today are still a mix of stereotypes and challenges and public perceptions of the industry reflect the lack of a cohesive picture of this key piece of the American economy.
From 5G wireless to artificial intelligence, technology is advancing at the usual breakneck pace and manufacturing industry experts spend a lot of time trying to parse how these developments will play out for manufacturers. Unfortunately, so much of the analysis is focused on the global impact that new technology could create up and down the supply chain with the largest manufacturers at the center.
The increased use of technology in manufacturing has changed processes, supply chains and the skills required of factory workers. In many operations, a lot of attention is given to the challenges involved in updating a factory to take advantage of smart manufacturing technology, but a key component is often overlooked: the company’s leadership.
The time and cost savings realized by automation has driven increases in manufacturing productivity for decades. However, the benefits of automation should not be assumed to be beneficial for only the material portions of the manufacturing process.
Technology-driven change is nothing new in the world of aerospace manufacturing. Smart companies keep an eye on technology trends and find ways to leverage relevant solutions to improve their operations or build entirely new business lines.
Modern manufacturing equipment and ERP systems have added an impressive amount of technology to most manufacturing operations. However, just how “smart” are these factories without a high level of connectivity throughout the manufacturing processes?