Are Errors Eating Your Profits? Unlocking Lost Manufacturing Capacity and Profits
The Practical Playbook for Agile Manufacturing Executives. Are errors eating into your capacity and profits? This question resonates with manufacturing leaders across North America who are grappling with an increasingly challenging production environment.
Agile Manufacturing to Cope with Consumer Demands and COVID Challenges
Agile manufacturing is about creating flexibility to meet the market's expectations. By testing products in the market and making changes quickly, the product and its varying features, packages and options become more reflective of the voice of the customer, sooner.
The Economic Implications of Agile Manufacturing
We all know the logic of purchasing: The unit costs for 1 piece are higher than for 10 pieces and these cost per piece more than 100 pieces, and so on. At the same time, the trend is clearly moving in the direction of smaller batch sizes down to a quantity of one.
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Using AI to Collect & Leverage Data
Data is the foundation of Industry 4.0. While skilled workers will always be essential, data is reshaping the manufacturing landscape, enabling automation of repetitive tasks, empowering smarter decision-making with AI assistance, and reducing defects and downtime. This shift allows small and medium-sized manufacturers (SMMs) to compete more effectively on quality, speed, and cost. While AI and machine learning systems typically require around two years to collect enough data to reach their full potential, manufacturers can start seeing benefits almost immediately with basic analysis tools and dashboards. Our MEP National NetworkTM expert explains how in this Manufacturing Tomorrow article.
