Quoting software is a step in the right direction when it comes to automating the quoting process, but it will only take you so far. So what’s the missing link to unlock true accuracy and speed up your quotes beyond that of any competitor? Machine data. Your quoting process, whether it is managed manually, in […]
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Supply chain disruptions, shortages, rising energy prices, and inflation have increased costs for almost every industry, manufacturing included. On top of that, skilled labor is difficult to find, and rising quickly in cost as a result. The good news is that production (output) in the US continues to rise over time, and we are seeing […]
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There are a few core measurements that every manufacturer uses to manage their operation. Measurements like efficiency, productivity, capacity, labor, and equipment utilization are almost universally measured to benchmark performance and assess the effectiveness of processes. Quality is an equally critical metric that must be a part of an overall assessment of business health. Because […]
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There are several advantages of using an industrial data platform. They include: 1. Consolidated Data: In a data platform, data is consolidated in one place in the cloud. This consolidation means all databases can use the same service to render insights and suggest business strategies and process optimization. 2. Improved Access: Because data assets are […]
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What is the Hidden Factory? The Hidden Factory is a concept that refers to the unseen, or hidden, parts of a manufacturing process that result in quality issues or decrease the efficiency of the operation. What’s causing this? It depends on the operation at hand, but typically it is due to the difficulty of measuring […]
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With the arrival of Industry 4.0 and the Industrial Internet of Things (IIoT), a digital transformation is currently underway. The manufacturing industry is beginning to use industrial analytics driven by real-time production data, not only to make better, faster decisions, but also to enable automation across the organization making data analysis in manufacturing an important […]
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Manufacturing managers maximize the tools they have at their disposal by understanding their shop’s capacity. What is Manufacturing Analytics? Manufacturing analysis is critical for companies to drive efficient production and capture the highest profitability by better use of space, materials, labor, and optimized equipment performance. A capacity analysis can be an excellent solution for auditing […]
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For most manufacturers, downtime is the single largest source of lost production time. Although some may acknowledge this, the cost and extent of manufacturing downtimes tend to be grossly underestimated. Determining the Real Cost of Manufacturing Downtime Most manufacturers are aware they are losing time and money because of downtime. However, many manufacturers can not accurately […]
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