
Get your copy of the 7th Annual State of Smart Manufacturing and hear from 300+ manufacturers in this new survey report!
As we get ready to turn the page on 2020, it’s time to take stock of the year, and we can’t do that without taking a moment to take note of the one thing Plex was truly thankful for in 2019: the manufacturer.
As Industry 4.0 becomes more of a reality, smart manufacturers are looking for those precious insights promised by the industry analysts. But manufacturers have been collecting so much data for so long, it’s hard to know what to use and how to convert it into usable information.
What does a job well done look like to you? If you’re on the shop floor, it probably looks like a record production rate or an increase in inventory accuracy. If you’re on the top floor, it might look like a boost in your company’s profits.
As a manufacturer, you need to do more. Not only to grow, but because your customers are demanding more of you—year after year. Even if you’re focusing on continuous improvement, you may need to add in manufacturing innovation to differentiate because it is a certainty that your competitors are doing more.
Recently, I was thrilled to receive an invitation to participate on a panel at the recent inaugural SpeedNews AeroAuto Conference. For the past five years, SpeedNews focused its conference solely on the aerospace industry. This year, organizers brought professionals from the automotive industry together with leaders from the aerospace industry to share best practices.
As a manufacturer, you are always evolving, and today there are some seismic shifts taking place with an unprecedented amount of technology and digital capabilities pushing the next step of your evolution forward. There are three areas that hit home with me and may also resonate with you: automation, innovation, and resource allocation.
Digital transformation is a topic getting quite a bit of press lately. The term is very broad, but in the real manufacturing world there are lots of you doing some incredibly transformative and innovative things with your business.
Manufacturers wrestle with a challenging environment—global economic uncertainty, political pressure on trade, and the need to properly time investments for the future. Driving efficiency, productivity, and higher quality remain top of mind objectives, and manufacturers remain vigilant evaluating the tools, processes, and technologies to help meet these goals.
How do you handle uncertain times? One strategy is to hunker down and “weather the storm.” For manufacturers, this often means limiting technology investments until the chaos subsides, then attempting to time technology improvements during high-growth periods.