Using Real-Time Analytics in a Manufacturing Environment
If you’ve stumbled across our blog you probably know that data can be an invaluable tool that, when used properly, can help streamline business processes and increase efficiency.
You may have also heard that using real-time analytics can be a great way to help operationally. We’re here to tell you that the rumors are true.
Overall equipment effectiveness (OEE)
In a manufacturing environment, overall equipment effectiveness is of the utmost importance. How valuable would it be if you knew, in real time, that a piece of equipment is in the very early stages of failure? How helpful would it be, if you knew that if you don’t have it serviced, it’s performance will quickly start to degrade?
Remember- machines aren’t like pets or children. Pets and children will let you know as soon as they start to feel unwell. A machine won’t tell you that something is wrong until it breaks down entirely.
But, at the same time, real-time analytics can do a lot more than help you understand that a piece of equipment is going to need a service call.
Other things that real-time analytics can tell you
When you harness this type of reporting, you’ll have an in-depth understanding of your company’s manufacturing losses. This can help managers make business decisions that will improve the utilization of plant assets, increase capacity and improve performance.
Depending on how in-depth you go, you may also be able to see measured results in terms of cost reductions and supply chain predictability.
Get connected for data
The first step toward OEE is to find a way to connect machines for data collection. The easiest way to do this is to use electronic data that’s connected automatically.
Manual methods, which are largely prone to operator error, aren’t advised. It’s also worth noting that manual data is hard to collect in real-time; it’s also highly inefficient.
When industrial companies choose to use internet-based technology solutions to provide real-time analytics, managers can view data at any time, day or night, from anywhere they have access to a wi-fi connection. Not only does this allow them to make modifications to current production runs, it can also help provide your company with a competitive advantage.
In closing, real-time analytics will help your organization make smarter decisions, increase productivity and ensure that product quality remains consistent from one production run to the next.
For more information on how Pathways International can help you achieve these goals, call our office today at 720-662-7454.