Think about where manufacturing information flow was 10 years ago. Now stop and think about what that flow will need to look like in the next 10 years. With the increased need for customized products created at mass-production costs, manufacturers must ensure their processes are efficient and profitable to stay in the game.

The biggest way that upper management addresses this industry need is by adding Asset Monitoring Systems  to their manufacturing process. Asset Monitoring Systems refers to the technologies and equipment used to automatically collect and analyze data collection in order to optimize processes and streamline operations. These systems allow greater visibility into plant OEE, downtime, manufacturing accountability, and more.

With the addition of Asset Monitoring Systems in manufacturing, timely information will be in the hands of everyone in the company, from top floor to shop floor, to make actionable decisions. By allowing this information to be accessible to various members of your manufacturing team, there is a greater advantage for innovation to occur. For example, when a team member catches an issue with a process or a machine in real-time, they’ll have the ability to address it and solve it quicker than if traditional productivity improvement processes were being used.

In traditional processes, manufacturing data would be compiled manually into spreadsheets, allowing room for error and interpretation. Then the spreadsheets would be sent to executive level management to review at the end of each week. Only then, after a week or more has passed, would issues be addressed and steps be taken to solve these issues. With automation technology, managers can see and address issues on the supply chain to improve profitability and efficiencies.

Additionally, with Asset Monitoring Systems, shops will have the ability to work faster and more efficiently. With this technology, they can produce a wider variety of products, in smaller quantities, to address their customer’s unique needs.

Traditional shop management processes, which utilize stale information, will not enable manufacturers to stay globally competitive. Real time integration of your asset’s performance with your enterprise system will be key for increasing overall equipment effectiveness and reducing unplanned downtimes. This information can then be driven to all levels of your company and your supply chain partners to make decisions that will lower costs, increase output and customer satisfaction.

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