Think transforming into a smart factory is a costly and complex endeavour? The short answer is no.
There’s a common misconception in the manufacturing industry, especially among mid-sized companies, that transitioning to a smart factory is a luxury only affordable for the ’big and bold’. The vision of costly, high-tech systems like massive Manufacturing Operating Systems (MOS) often deters companies from exploring the true potential of smart factories.
Contrary to these beliefs, the journey to a smart factory can be both affordable and straightforward. It’s about leveraging existing assets and data, focusing on practical and low-cost solutions. For instance, using off-the-shelf tech to track scrap origins or simply applying IoT sensors and a visibility dashboard to gain real-time insights into utility usage are effective ways to improve efficiency. Without breaking the bank.
This approach fits snugly within the financial and operational realities of mid-sized manufacturers. By prioritising quick-strike tactics over elaborate digital infrastructures, companies can improve yield, quality, and productivity, while optimising both labour and machinery costs. Such moves enhance day-to-day operations and bolster the balance sheet, offering a more nimble response to market demands compared to their larger counterparts.
For CEOs, this means driving value creation with minimal disruption and optimal resource utilisation. Moreover, this methodology serves as a foundational learning experience, equipping teams across the hierarchy with insights that pave the way for future, more advanced (tech) investments.