Top Technology Trends for Discrete Manufacturers
Published on : Monday 30-11--0001
A look at how leading companies are leveraging technology and glimpse into the future of the industry.
As manufacturers know, technology is having a profound impact on the way products are developed, produced, and distributed.
Digitising the Shop Floor
Operating “the way we’ve always done it” is no longer sustainable. Manual operations are slow, costly, and prone to errors. Digitising the plant floor can increase productivity and be more responsive to customer needs.
IoT
Internet of Things (IoT) has significantly lowered the barriers of entry and infrastructure requirements for Digital Transformation in manufacturing. Smart devices have further enabled the abilities to monitor production performance, ensure adequate equipment maintenance, further contextualise traceability, and optimise the supply chain.
Traceability & Audit Compliance
Electronic data capture technologies have enhanced the speed and effectiveness of traceability programs. This is allowing companies to respond quicker, more proactively, and with greater confidence when quality issues arise.
Data Analytics for Actionable Intelligence
Business intelligence technology has evolved into a real-time data tool that provides actionable intelligence, so decision-makers can quickly take action to improve their business.
Enterprise Visibility
Visibility across the enterprise is paramount to aligning the priorities, objectives, and metrics of the organisation. World-class performers experience significant benefits from taking a centralised approach to enterprise data governance across their entire business landscape.
Demand Driven Manufacturing
Customer demand is the most important component in determining the best use of working capital, operational capacity, and resources. Therefore, customer demand should drive supply chain planning. Fortunately, some forward-thinking MOM software vendors are responding to these supply chain strategies by improving their applications to achieve more than delivery performance. These vendors are improving their software by developing it to be more adaptive and demand driven.
Supply Chain Optimisation
Manufacturers are increasingly looking “beyond their four walls” to reduce inventories, accelerate lead times, lower costs, and improve customer satisfaction. MOM applications are aligned to these strategic goals with more capabilities such as cloud collaboration, integrating multiple supply chain strategies, scenario-based planning, and automating replenishment requests along with What-If Analysis to better align the supply chain with current market conditions.
TrakSYSTM for Discrete Manufacturers
The complex world of manufacturing needs smart and agile solutions to make it work effectively. TrakSYS is a versatile Manufacturing Operations Management system which allows you to efficiently plan, schedule, and execute while delivering real-time actionable intelligence across the enterprise to solve your most challenging operational issues.
TrakSYS helps manufacturers to maximise asset utilisation and efficiency, increase capacity with no new capital equipment, reduce production costs, decrease lead time, and improve profitability.
(Article courtesy: Parsec, the developer of TrakSYSTM, a proven operations management software application and solution platform designed to significantly improve manufacturing processes. Parsec is committed to providing best-in-class products and solutions to a worldwide community of clients to assist them in optimising their manufacturing operations. There are thousands of TrakSYS licenses in use around the globe in a wide variety of industries.)