Given that digital production is taking over the classic manufacturing operations, industrial companies have acquired new technology that seemed unattainable. With industry 4.0 / Industrial Internet of Things (IIOT), manufacturers move fast to the so-called “Future Factory” where technology provides users with real-time information. Industry 4.0 combines computing, cyber systems and automation to make production more intelligent and more independent, increasing efficiency in 5 sectors.
As the factory expands, it is much more difficult to track multiple assembly lines at a time, let alone multiple factories located in remote locations. Obtaining information on the productivity of a particular factory would require contacting the right person with the right information. Thanks to the intelligent factory, it is easier to track multiple production lines at different factories and locations.
Supply chain processes are complicated and difficult to trace. Attention should be paid to supply chain management measures. Industry 4.0 can provide an intelligent supply chain embedded in RFID tags and sensors to enable process automation, inventory tracking and real-time tracking.
Manufacturers with older systems may store high-risk spare parts. It takes up a lot of production space. A predictive analytics can terminate storage by enabling companies to monitor equipment and performance. Data visualization generated by predictive analysis shows functional machines, active machine efficiency, and alerts for those in need of maintenance.
Assigning and tracking of production assets can be challenging when done manually. Keeping a record of each manufacturing operation and identifying who uses what material is impossible when it comes to manual processes. With the IIoT, production managers can effortlessly monitor and measure the effectiveness of each production operation that is associated with the system. They know about the availability of material and time so they can identify or decide who uses or will need the material at a certain time.
With automation and easier communication between manufacturer and consumer, there is more room for personalizing the product. The combination of IIoT and custom made-to-order manufacturing allows businesses to consider customer preferences and fulfill their requirements.