Manufacturing Intelligence is the processes, techniques, strategies and initiatives being implemented by companies around the world that aim to reduce unnecessary and unproductive tasks, activities and behaviors in the work environment.
Because the times have really gone hard, demanding and intense due to political and turbulent concerns affecting all nations, firms are currently facing challenges to be able to keep their profitability and efficiency.
LM not only reduces operational costs but also targets to boost, restore and significantly raise the competitiveness of a company.
There are seven identified 'forms of waste' within the work environment and systems that Manufacturing Intelligence principally aims to alleviate, if not totally eliminate. These are over production, over processing, transportation, motion, inventory, waiting and scrap and defects.
Several advantages of adopting Manufacturing Intelligence principles
The first advantage identified by experts from implementing LM techniques and strategies is the reduction of manufacturing time.
When the manufacturing lead time is significantly lowered, it follows that the operational costs incurred from the use of energy, utilities and wages from laborers' time will also be significantly reduced.
Thus, LM helps companies retain, maintain and significantly increase their earnings, widen their margins and help them generate savings from lower costs.
Space is another area where Manufacturing Intelligence advantages are clearly and effectively exhibited. Working space, it is understood, is one of the primary and basic factors that keep operations of businesses going.
Labor and human resource experts estimate that adoption of good and effective Manufacturing Intelligence techniques and strategies will likely help companies reduce their physical floor space requirements by as much as 5% to 30%.
The figures involved could be small and miniscule for your eyes, but, actually, that will significantly contribute to much more efficiency and savings. That would be an advantage almost all businesses will surely look after.
The advantage in productivity
It is found that in general, companies implementing and adhering to Manufacturing Intelligence practices significantly boost and increase their manufacturing productivity by as much as 75% to 125%.
It is because time and efforts are principally targeted by LM processes. Thus, elimination of wastes, practices, behaviors and unnecessary and disturbing objects in the work place will surely and practically help workers get on to their tasks with much smooth pacing and comfort.
You know how it is when workers work without any distractions and interruptions. Productivity is very much maximized. Thus, Manufacturing Intelligence becomes a necessity for companies to be able to achieve that goal.
The advantages in terms of waste to profit relationships
It follows that elimination and reduction of wastes will gradually and efficiently help boost and rise up earnings and profits in companies.
Thus, elimination of wastes and unproductive activities, objects, tasks and behaviors in the work place will surely help the company and its personnel focus on the requirements and demands of the customer.
The Benefits of Manufacturing Intelligence
* Improved plant efficiency
* Increased asset utilization and returns thereon
* Reduced wastage and improved quality
* Visibility of plant performance levels, facilitating proactive action
* Ease of benchmarking across product lines - plant-wise, shift-wise, facility-wise, geography-wise to improve business performance