Data is constantly the talk of the town. Manufacturers have the ability to collect data on almost anything. So the question becomes, what data should you collect? We identified eight key performance indicators (KPIs) that manufacturers should track and why.
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When a car crashes into an object, there’s a timeframe of 60 milliseconds to save the driver’s life. Six one-hundredths of a second are all it takes for the driver to make contact with the airbag. And if not the airbag, then the dashboard or windshield.
In an industry where milliseconds mean life or death, perfection is the standard.
In the manufacturing world, things don’t always go as planned. It’s common for manufacturers to end up with broken part tabs, scratched car doors or stripped screws.
This causes production slowdowns, long delays and low-quality products which ultimately leads to unhappy customers, lost revenue and possibly a dreaded recall. These consequences make defect tracking and reporting especially important.
“Intelligent manufacturing” (IM) means using the combined intelligence of people, processes and machines, to impact the overall economics of manufacturing. Its purpose is to optimize manufacturing resources, improve business value and safety, and reduce waste – both on the floor and in back office operations, all while meeting customer demands for delivery and quality.
Innovative technology that promises reduced scrap and waste, cost savings and quality improvement is popping up everywhere in the manufacturing industry. But when it comes to Manufacturing Execution Systems (MES), there are a number of trends to avoid in your long-term strategy for growth.