Smart Manufacturing Metrics
Analytics experience is truly a vital engine driving smart factory growth, with ten key metrics essential to keep the next generation of smart manufacturing focus on track.
Manufacturers plan to produce more smart manufacturing facilities in the next five years, increasing their annual investments.
That’s a sure sign that every smart manufacturing pilot requires greater accuracy, clarity and accuracy in case it comes to calculating each pilot’s progress. The bottom line is that the way forward for smart manufacturing is built on today’s analytics, and ten key metrics emerge that are critical to his or her success.
Improving smart production results starts by changing behavior
Flat screen monitors mounted above production floors reflect current production rates, load percentages per machine and percentage of machine use, yield percentages, as well as percentage of factory utilization in some factories. In the best managed factories, every member of the production team knows exactly how their activity, behavior and decisions contribute to the achievement of the goals of the overall teams. The best managed production facilities use both analysis and the KPI
Determine which metrics are most important in smart factories
The urgent need to know exactly how the many choices on the production floor affect financial results, forcing manufacturers to change existing systems with integrated platforms. Of the dozens of smart manufacturing facilities I’ve visited, they all share the common property of being able to collect and provide up-to-date information on how each stage of the manufacturing process reduces costs and improves consumer experiences. Based on discussions with a dozen producers over the past year, the following would be the most effective types of statistics in managing manufacturing operations:
Operations teams can also design their smart manufacturing facility IT and Operations Technology (OT) systems to get current information on the following types of metrics where possible:
The analytical methods of smart factories are made to balance cost and production versatility (measured by generating higher and minimum production volumes).
The real power of metrics in smart manufacturing facilities gives everyone insight into exactly how their contributions to planning, manufacturing, sales and maintenance products matter.
Analytics is certainly the foundation for smart manufacturing facilities that target both customers and their evolving needs. However, their greatest potential is to provide production teams with a sense of purpose and to continue to regularly strive to improve production process performance, product quality and customer satisfaction.