Shop Floor transformation has always been on the radar for manufacturers. But in the coronavirus-changed economy, customer expectations are changing fast. Due to this, industry leaders have started leveraging Industry 4.0 solutions that deliver visibility to their existing processes and help them optimize overall operational efficiency. Such solutions will provide manufacturers with AI-powered automation and advanced analytics to make shop floor transformation efficient and faster.
The Industry 4.0 concept holds the promise of flexibility, better quality, mass customization, improved productivity, and higher ROIs. Therefore, manufacturers are gradually adopting Industry 4.0 solutions in their daily operations. As per a source, the industry 4.0 market is estimated to reach at 165.5 billion at a CAGR of 20.6 percent by 2026.
Apart from this, the integration of future-ready industry 4.0 tools can help you identify opportunities in manufacturing that are created due to digitization. It can give you access to real-time insights so that you can make smarter and faster business decisions. Other than that, it can optimize supply chain and production by implementing the latest technologies like cloud computing, web development, cloud integration, artificial intelligence, machine learning, etc. As a result, the efficiency and profitability of your entire operation will increase.
In this blog, we will discuss the application of industry 4.0 tools and technology in transforming shop floor operations. But before that, let us understand the meaning of Industry 4.0.
What is Industry 4.0?
Industry 4.0 or the fourth industrial revolution represents a fundamental change in the way we work and relate with each other. Generally, Industry 4.0 is more than just a tech-driven change. It is an opportunity to assist everyone including leaders, customers, and policymakers across the world to harness emerging technologies to create a human-centric future.
Industry 4.0 Use Cases That Makes Shop Floor Smarter
A majority of manufacturing companies have already leveraged the power of Industry 4.0 solutions to improve their daily operations and efficiency to meet the ever-growing customer needs. Therefore, it is high time for you to integrate smart factory technologies to design and develop products that satisfy customer demands.
Your business can drive operational excellence from the shop floor by combining makers and machinery. Furthermore, a securely connected end-to-end supply chain can enable innovation around customization and personalization.
Here is a detailed outlook on the role of Industry 4.0 in transforming shop floors –
1. Digitization of Operations
IoT solutions are helpful in digitizing manufacturing processes. It enables everyone on the floor to understand machine-related metrics accurately and achieve daily production goals.
Besides, the IoT solution allows its users to collect important production data. With the collection of data, tracking the overall equipment effectiveness is seamless for supervisors, operators, and plant managers.
2. Monitor Product Counts via TV Dashboards
Real-time product monitoring is a challenge for a majority of operators. So to overcome this challenge, operators can digitize their shop floor processes by using a TV Dashboard. It will help floor operators to track the number of products they produce on the machine.
In addition to this, a production monitoring tool can assist operators to keep a tab on the number of products manufactured against the expected or pre-decided target.
3. Track OEE (Overall Equipment Efficiency) Effectively
Manufacturers can use advanced industrial IoT solutions to collect and monitor the accuracy of important production data that includes vibrations, extreme temperature, energy meter reading, pressure, etc. Moreover, you can use such solutions to send real-time notifications to analyze each machine’s efficiency and performance.
Furthermore, the data about Overall Equipment Efficiency (OEE) collected by using a remote monitoring solution will assist its users to improve the overall productivity rate of a manufacturing unit.
4. Leverage IoT to Track Machine Downtime
Tracking machine downtime and uptime constantly is not an easy task for floor operators. However, the introduction of IoT solutions has enabled operators with real-time downtime and up-time data that leads to the seamless analysis of machine performance.
Apart from this, IoT software can facilitate operators and factory supervisors to track machine data in real-time. Therefore, you can easily avoid frequent repairs and unplanned downtime. It further results in the prevention of unnecessary expenses and ensures higher ROIs.
Industry 4.0 is about facilitating companies to address current pain points and build a stronger future-ready foundation for sustainable growth. Industry leaders who consider the above-mentioned points can maximize their transformation potential to the fullest.
Rejig Digital contains an in-house team of experienced professionals that can provide you with customizable digital transformation solutions like remote assistance solutions, asset monitoring solutions, IIoT solutions, connected assets, etc. These solutions can help you boost the efficiency of your manufacturing & help you gain the trust of your customers over a period. If you want to know more about our IoT-enabled smart manufacturing solutions, then drop us a line at email@example.com.