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Improving Productivity by Implementing a Smart Factory

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rasika joshi

As technology improves day by day and most systems are now completely digitized and streamlined, many sectors are having to make few modifications to keep up to date with industry trends.

Smart factories are rapidly becoming one of the prime solutions to this as they provide improved automation for manufacturers and put industries in a good place when it comes to improving productivity, keeping up with customer requirements.

Most of the manufacturers have already recognized the requirement for change and are starting the journey toward executing the smart factory concept. Smart factory basically is an integration of digital technologies into factories, warehouses as well as production environments likewise artificial intelligence and automation offer several advantages, likewise improved process efficiency, product quality, stability and minimized costs.

Even though upgrading technology and spending in new systems look quite disconnecting and require some completely sturdy upfront costs, the advantages discussed previously, likewise improved productivity as well as process efficiency alone are worth considering the transformation towards the smart factory.

SMEs should at first consider business priorities rather than concentrating on upgrading and digitalizing all systems in one go. It will be easier, and more cost-effective to concentrate on each business objective and update and improve technology in a manner that makes sense to your business. Below are few business aims in which SMEs can utilize smart factory integrations to improve their operations:

1. Improved resource planning

The top priority for several businesses is improving its capability to handle resources, as well as connected factories, have the capability to record the location of materials, machines as well as flexible assets in real-time. If providing significant visibility across your business to assure the precise volume of materials is in stock or on order at any given time, then spending in resource planning system should be the first step in moving towards a smart factory.

There are various software solutions out there that assist with aspects likewise resource as well as material requirement planning and are an absolute place for most industries to begin making to transition — specifically SMEs.

2. Observation and Tracking

Tracking removes unplanned concerns and saves time as well as money and for businesses without exclusive tools and processes in place, trading with tracking queries can soon be time-consuming.

In few cases, the incapacity to show verification of origin or utilization can rapidly go up into a more pressing business concern. Having the capability to track forward and back with reliability is very essential, specifically as manufacturers are facing improving pressure to show that the materials they offer encounter a range of quality standards and are morally sourced.

Tracking expands far past being bothered with goods in, goods out and how something is made due to technology has preferred consumers far more capacity than ever before. Due to this, spending in a supply chain and tracking-focused software solution should certainly be considered.

3. Improved processes

Business intelligence platforms have the capability to integrate the data and offer greater error so is an option worth surveying if your business aims deal improving processes.

This type of software solution assists in recognizing areas of improvement, likewise taking away production bottlenecks and helps in processing orders more effectively in comparison to the traditional way. This is done utilizing scheduling and planning systems to recognize the impact of schedule changes and planning several scenarios; acknowledging the ‘what if’ questions, or ‘can we take on this rush order?

4. Improved sales via stronger customer relationships

For those whose prime priority is improving sales via a stronger customer base, combining a customer relationship management (CRM) system with an ERP enables manufacturers to recognize sales trends and predict orders, collaborate with clients and assure predict demand is capable to be fulfilled. Software solutions that integrate the technology from Industry 4.0 will enable more precise and open communications, assisting businesses to develop and maintain bonds with their clients.

A digital system will also enable people within the business to cooperate on projects online meaning you can automatically inform customers of the progress of their orders.

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