5 Ways Real-Time Data Analytics Are Making Manufacturing More Profitable
Manufacturing software is a key medium for productive organizations to unlock information and improve productivity. The access to and analysis of accurate and real-time manufacturing data ensures that the progress and performance of the machines, staff, and other productive inputs are adhering to the timelines and quality levels expected. The ability to drill down the data into a vast array of charts, graphs, and analytical screens increases the readability, usability, and effectiveness of the reporting data. As well as offering a comprehensive view of the production rate and machine performance, leading manufacturing software applications also supply information on the condition of your equipment and processes. Analyzing the data to identify the relationships between productive conditions, inputs, and performance will allow you to utilize the manufacturing software to easily identify strengths and weakness in the manufacturing process.
As well as having access to real-time information, the storage of daily manufacturing data allows historical analysis to take place to identify any long term trends or concerns. In addition to feeding into productivity measures, historical analysis can enable operators and engineers to predict and correct problems before they occur. Every manufacturer knows that downtime is expensive and all businesses require an application that works efficiently and effectively and does this over an extended period of time. Due to these facts, the manufacturing software must be reliable, accessible, flexible, and functional. Reliability and quality should be the key factors in deciding upon which manufacturing software provider to choose.
Furthermore, all manufacturing firms are different, in terms of their operations, productive capacities, staff, and type of outputs. Therefore, the software must be able to be customized to suit the specific business requirements and be able to expand as the business expands, ensuring the future proofing of the viability of the manufacturing software. Accessibility to rich and functional information is another key feature of industry leading manufacturing software.
The total cost of ownership is a recent buzzword that is affecting all business investment decisions. Rather than considering only the initial cost of purchase or investment, the total cost of ownership incorporates the lifetime cost of a product and the benefits it brings. Factors to be considered when ascertaining the total cost of ownership of manufacturing software include the initial acquisition cost, as well as maintenance, administration, training, and upgrades. The software's ability to increase production, efficiency levels, quality of product, and ability to evolve and upgrade with the development of the business model will all have a major impact on the total cost of ownership for the firm.
Today, the focus in creating maximum manufacturing efficiency is found in the collection of data. Information about past, present, and future business operations is vital to efficiency in any operation. When used properly, data collection acts as feedback so adjustments can be made in response to errors (inefficiencies) discovered in the manufacturing and financial management processes. Like the autopilot of an airliner who is constantly scanning the surrounding environment for data of altitude, speed, pitch, and roll for making in-flight corrections to stay on the desired course, so too does the production data. It tells the manufacturer of the performance of his or her shop, and what adjustments need to be made to keeping moving in the right direction.
Since this is "real-time" shop data entry and collection gathered from multiple production points, instant adjustment decisions can be made on the shop floor regarding workflow priorities, issuance of materials, quality control, inventory control, and any number of other decision-laden processes that result in the all-important on-time delivery.
This is where the TSDC shop accountability technology comes in. Completely integrated and user-friendly, the TSDC introduces an online world, via a virtual workstation, to the manufacturer's operations in general, and to the shop floor specifically. For the business side, TSDC acts as a "time clock" for employee job check-in/check-out, work order prioritizing, and as a central point of collection and analysis of manufacturing data. For the shop floor side, TSDC acts as a "time clock" for job specific labor costs, labor tracking, issuance of material, costing, scheduling, and outside vendor purchase order communication. And, by being very user-friendly, integration of the TSDC is facilitated across the plant so everyone gets involved and uses it. To this end, total shop implementation occurs from simple Graphical User Interface (GUI) data input approach.
Using an icon driven online system menu, the TSDC design presents a "clean screen" to the employee, one that is easy to learn and to manipulate by users to suit their needs. And, the more comprehensive the implementation of any database usage, the greater reliability decision-makers can have in the daily operations data they analyze.