Manufacturing Gains From Machine Learning Improving semiconductor manufacturing yields up to 30%, reducing scrap rates, and optimizing fab operations is achievable with machine learning. Reducing supply chain forecasting errors by 50% and lost sales by 65% with better product availability is achievable with machine learning. Automating quality testing using machine learning is increasing defect detection rates up to 90%. Bottom line: Machine learning algorithms, applications, and platforms are helping manufacturers find new business models, fine-tune product quality,…
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10 Ways IoT Can Improve Supply Chains
10 Ways IoT Can Improve Supply Chains The majority of enterprises are prioritizing their blockchain pilots that concentrate on supply chains improvements (53%) and the Internet of Things (51%) according to Deloitte’s latest blockchain survey. By 2023, blockchain will support the global movement and tracking of $2T of goods and services annually based on a recent Gartner By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and…
Manufacturing Needs Smart Machines To Grow
Manufacturing Needs Smart Machines To Grow Industrial Internet of Things (IIoT) presents integration architecture challenges that once solved can enable use cases that deliver fast-growing revenue opportunities. ISA-95 addressed the rise of global production and distributed supply chains yet are still deficient on the issue of data and security, specifically the proliferation of IIoT sensors, which are the real security perimeter of any manufacturing business. Finding new ways to excel at predictive maintenance, and cross-vendor…
IIoT In Manufacturing Update
IIoT In Manufacturing Update Global spending on IIoT Platforms for Manufacturing is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. IIoT platforms are beginning to replace MES and related applications, including production maintenance, quality, and inventory management, which are a mix of Information Technology (IT) and Operations Technology (OT) technologies. Connected IoT technologies are enabling a new era of smart, connected…
The Ultimate Guide to Manufacturing Software
The Ultimate Guide to Manufacturing Software Bottom Line: The majority of manufacturers are prioritizing shop floor productivity as their most valuable growth strategy, relying on manufacturing software to be the catalyst to get them there. What is Manufacturing Software? Best defined by its many benefits, manufacturing software provides real-time visibility into the details of a manufacturing operation. With greater visibility, manufacturers attain greater control of daily production, machine yield rates, supplier performance, quality, and ultimately, profit…
Enhancing Business Decisions via Real-Time Data
Enhancing Business Decisions via Real-Time Data Kaddas Enterprises turns to DELMIAWorks (formerly IQMS) to improve efficiency on the shop floor, reduce scrap rates, and improve planning and reporting at every level. Headquartered in Salt Lake City, Utah, Kaddas Enterprises, Inc. is the industry leader in wildlife and asset protection, manufacturing more than 300 BirdguarD™ products, which are used by power utility companies worldwide. Since 2013, the woman-owned company has grown its export business by an…
MRP vs ERP – What’s the Difference?
MRP vs ERP – What’s the Difference? The progression manufacturers are making from MRP to ERP has its basis in how diversified their product lines have become in response to customers’ need for more versatile, configurable and customizable products. Many manufacturers got their start producing the same product using components they sourced locally or made themselves. Customers weren’t given the option of customizing products. Doubling down on manufacturing efficiency, the core process areas of Bills of Materials…
The Era of Manufacturing Process Automation Is Here
The Era of Manufacturing Process Automation Is Here 61% of manufacturers are making large-scale operational improvements to their shop floors, including manufacturing process automation systems in 2019 to continue the strong growth they achieved in 2018. Improving shop floor productivity is 1.4 times more important to manufacturers than making marketing improvements to drive more sales leads. Investing in improving product and service quality fuels growth, keeps customers for life, and leads all technology spending by…