Manufacturing Industry is known for highly capital intensive nature and therefore it is a very competitive industry with all the manufacturing companies working on smaller margins. Small and Medium Enterprises have always been at the receiving end of the profitability as they have been using the traditional model due to lack of the financial resources however this has led them to be behind when it comes to efficiency, SAP, global software giant has addressed this issue with the help of ERP software SAP Business One, which is both cost effective and easily implementable ERP solution, the small companies would do well if they implement the ERP software that can give them a head start in the competition. In this blog, you will know about important things on smart manufacturing.
Let us understand a few details on Smart Manufacturing.
- The modern machines can be attached with sensors, now you might be wondering as to what is the use of attaching the sensors. by attaching the sensors, you can come to know about the status of the tasks and batches of goods which is of great importance to the management as they can then see as to how much time the process might take. Also you can get to know on the condition of the machines, by knowing about this any kind of breakdowns of the machines can be immediately addressed therefore one can save on time aspect as immediate repair ensures the process is not affected much and the orders can be delivered on time.
- Smart Manufacturing makes the use of the automation, there are many processes which is of risks and also that performing them manually can take a lot of time, this issue can be addressed with the use of the automation techniques, therefore this helps in saving of the manual and financial resources.
- Manufacturing Industry is buzzing with a new technique Just in Time In the inventory management area, here the order for more inventory is generated only after the level falls below a certain point, therefore the company is able to save a lot on the space and also the finances do not get tied up and used at other places, also customers’ orders can be processed on time.
Manufacturing Industry companies need to understand the importance of change and accordingly adopt the new age technologies like the Industry 4.0, Internet of Things and Automation. These technologies can help them in moving up the ladder which basically means that they will be able to improve on the efficiency with the new techniques also the staff will be getting an opportunity to upskill themselves. With smart manufacturing the small manufacturing companies will be able to cut down on the costs and also improve the profitability.