Though the “Internet of Things” is not a new concept, businesses continue to discover new ways in which it can improve processes. Automated data collection and interaction between chains in production and manufacturing can speed things up, reduce costs, and shrink any room for error. The growth is consistent and staggering, with experts predicting 25 billion Internet-connected devices by the end of 2021.
Incorporating the Internet of Things into the manufacturing stage is ideal for businesses hoping to stay competitive and become more efficient. By monitoring equipment and employees, you’ll be able to determine where your organization is falling short and turn challenges into opportunities.
Benefits of IoT Manufacturing
- Increased visibility and productivity
Business owners have long wished for end-to-end supply chain visibility, but until recently, it proved impractical. However, now the ability to thoroughly analyze each step of the manufacturing process is available, so we can see exactly where difficulties or inefficiencies arise. One of the biggest benefits is the ability to track machinery and realize when tools are in need of repair or replacement. This allows for preemptive maintenance, and in more advanced systems, when certain thresholds are reached, the interconnected system will instruct automated ordering of new parts.
- Inventory accuracy
Automated asset tracking makes inventory management and quality control much more efficient and precise. Companies can track each individual item throughout its entire journey, from entering the warehouse to POS. Once again, in advanced systems, this data can be used to automatically replenish inventory, but it can always be applied to monitor which products are in demand.
- Energy savings
Manufacturing is an energy-intensive process—the U.S. Energy Information Administration reports that more than half of the world’s delivered energy goes towards industry. With climate concerns and consumers becoming more inclined to support greener businesses, all companies should be looking to find ways to reduce their carbon footprints. Using IoT to monitor machinery, businesses can conserve energy, save on operational costs, and extend the life of their equipment.
- Reduced costs and increased output
All of the above considerations will not only save money and time but allow you to use those resources elsewhere.
- Employee safety
Perhaps the most crucial benefit of IoT manufacturing is the ability to track statistics ranging from factory temperatures and air quality to even individual employees’ heart rates. Increasing safety and reducing injuries will also boost employee morale.
The Internet of Things shows no sign of slowing down and is only going to become more vital for companies to incorporate in each stage of their operations. Manufacturing is an essential area where businesses should look for ways to improve processes, and the experts at Katalyst Software Services Limited are able to help. Contact us to schedule a consultation and discover ways to modify your manufacturing and beyond.
