IQReport May 2018
The Role of Predictive Analytics In Manufacturing Plants
The ideal factory or manufacturing plant is one that is not just automated during development, but also when it comes to maintenance and operation. Even just a minor malfunction of major systems can have sweeping ramifications on productivity and efficiency.
The benefit of predictive analytics in manufacturing is that it enables you to predict or identify problems and take corrective action, before anything goes wrong. By employing tools that rely on machine learning and data analysis and restructuring your operations to follow statistical process control methodologies, you can proactively control operations, better manage quality and identify bottlenecks.
What Exactly is a Blockchain and How Can it Help Your Supply Chain?
We’ve been hearing a lot about blockchains lately, including its use in better managing the supply chain. So, what exactly is a blockchain and how can it help your supply chain?
Blockchains work especially well for global supply chains where funds are transferred everywhere. According to Forbes, “Blockchain, essentially a distributed, digital ledger, has many applications and can be used for any exchange, agreements/contracts, tracking and, of course, payment. Ultimately, blockchain can increase the efficiency and transparency of supply chains and positively impact everything from warehousing to delivery to payment.”
5 Quality Metrics Predicting the Future of Manufacturing
The future of manufacturing is being written today across millions of shop floors which have chosen to excel at analytics, metrics and Manufacturing Intelligence.
Manufacturers are reaching new levels of efficiency and profitability because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before.
A new IQMS article, 5 Quality Metrics Predicting the Future of Manufacturing, highlights the metrics successful manufacturers use to attain true customer-driven manufacturing by integrating each production process together for the greater speed, scale, and quality. Read more.
New IQMS Track and Trace Module Helps Manufacturers Respond to Recalls and Quality Audits
Expanding upon track and trace functionality in the IQMS manufacturing ERP system, the new Track and Trace module provides manufacturers with the additional data, insights and intelligence they need to easily and accurately provide documentation and product tracking to react and respond to recalls and meet industry regulations and quality audits.
The web-enabled suite of tools allows IQMS customers to quickly find critical information related to recall and analysis for lot traceability, time-sensitive materials and expiration dates, sales order status, and more. Instantly print detailed tracking reports that meet US Food and Drug Administration (FDA) and quality audits, along with other customer and compliance reporting requirements. Click here to learn more about the new IQMS Track and Trace module.
How to Increase OEE Performance
Overall Equipment Effectiveness (OEE) continues to gain in popularity as manufacturers seek to quantify plant, manufacturing line, and machine-level performance and find ways each area can be improved.
OEE has the potential to revolutionize manufacturing from the shop floor to the top floor. The most successful OEE strategies are based on organizational goals that impact every aspect of a manufacturer’s business, including:
- Improving quality
- Decreasing costs
- Improving productivity
- Increasing capacity<>
Download the whitepaper, Lessons Learned on How to Increase OEE Peformance, for insights that all manufacturers can use to increase efficiency and quality to get the most value out of OEE. Download Now!