The ability of the industrial internet of things (IIoT) to continuously optimize and improve processes will become more and more important in the factory and supply chain environments.
Adopting new technology can offer useful information and insights that can be used to seamlessly connect demand with the manufacturing process, increasing visibility for stakeholders.
Different businesses would probably have different visibility requirements. All businesses, however, must first decide their goals and level of commitment to facilitating information exchanges with key stakeholders.
These two elements increase the scope of visibility, which directly affects their advantages.
What is manufacturing visibility?
Manufacturing visibility is the ability to view important information anywhere in a facility or supply chain.
Businesses with high levels of supply chain visibility gain knowledge about how their supply chains operate on a daily basis, including information about efficient production, quality assurance (QA) and adherence, product flaws and supplier dependability, raw material sources, and the health and safety requirements for factory workers.
The complexity of manufacturing necessitates control, real-time visibility, and in-depth analysis of particular areas of your business to increase productivity.
Manufacturers are using visibility to comply with laws pertaining to commercial operations, environmental requirements, serialization, and various track-and-trace legislation.
All manufacturing companies can reduce the risks of defective products, process errors, and other issues by using supply chain visibility to reevaluate areas of inefficiency and disruption.
Businesses can increase performance and growth while reducing costs by gaining greater supply chain visibility.
Manufacturing companies can plan their production more precisely and provide better-quality products thanks to data visibility. Additionally, there are fewer disruptions and outages in the supply chain.
Data can also be used by businesses to analyze the habits of loyal customers and determine the quantity and kind of products that are most likely to be in high demand.
The company’s data must be kept in the cloud as part of the data repository so that authorized users can easily access it from any internet-connected device. It reduces costs while improving data management and security.
Benefits of improved manufacturing visibility
1. Increased production load utilization
By utilizing real-time manufacturing visibility, producers can more effectively address issues, improve workflows, and release latent capacity without spending a fortune on overtime or outsourcing.
Organizations can increase capacity while lowering maintenance costs, improving quality controls, and limiting the use of Capex to situations where the current capacity is fully utilized.
2. Quick response to roadblocks
By having real-time visibility into production status and performance metrics, factories can identify bottlenecks early for quicker corrective action.
They can also get rid of the bottlenecks that are always moving, decrease maintenance downtimes, predict lead times, reduce inventory holding costs, and implement actionable insights more quickly by utilizing powerful AI-driven technology.
3. Traceability of parts
Traceability is used in parts management to control and operate frequently used tools and components. Each tool or component has an identification code or serial number, as well as usage and wear restrictions, plant names, shelf numbers, and serial numbers.
The availability of production, delivery, and quality data makes simple traceability of parts possible.
To Conclude
If you want to know more about how manufacturing visibility can help your business, please feel free to get in touch with us.
If you are interested in achieving manufacturing excellence, please feel free to check out Inteliiot’s Manufacturing Intelligence (MI) solution.
MI is an integration of a software application called Asset Intelligence Platform(AIP) and the hardware collecting the data from industrial assets and transferring it to the database. This data is analyzed and displayed on dashboards and reports of the AIP which enables companies to have a holistic view of the different aspects of manufacturing through a single platform.
Inteliiot is a tech-enabled company that unleashes the power of IoT to help you improve your business using various services. By helping our customers create more goods and services while using fewer resources, we at Inteliiot are contributing towards building leaner and more responsible supply chains.
