Manufacturing has always been an industry with tight deadlines to meet and sharp margins to maintain. Manufacturers must embrace digitalisation to remain competitive amid dynamic demand fluctuations, geopolitical risks and higher cost pressures.
IIoT helps to unlock the power of automation in factories. It allows manufacturers to deploy robotics and automation, allowing production lines and processes to operate seamlessly without the need for constant human oversight. With the capability to continuously capture and analyse real-time data streams, IIoT enables factories to make on-the-fly decisions effectively.
Foxconn’s Chengdu manufacturing campus is one example of how IIoT is used to achieve profitable growth by harnessing the potential of automation. Labour efficiency increased by 200% while overall equipment effectiveness improved by 17%. The campus today is recognised by the World Economic Forum's Global Lighthouse Network as a Lighthouse Factory.
IIoT also allows for better human-machine interaction (HMI) using the advantages of automation. Chatbots and collaborative robots help factory workers and supervisors quickly assess data and gather insights for faster decision-making.
While enhancing production value is important, IIoT shines when it comes to building a robust and resilient supply chain. The technology grants real-time visibility across the value chain to manufacturers. From warehouse inventory to the movements of connected fleets and autonomous vehicles, IIoT allows greater optimisation opportunities for the supply chain.
Nippon Express, one of the world’s biggest shipping companies, relies on IoT to enhance their quality control and distribution hubs. IoT allowed the company to enhance their pharmaceutical global logistics services, ensuring safe and secure transportation. Medicine and drugs can be highly temperature sensitive. Using sensors and the power of IoT, the company is able to track each pharmaceutical shipment tracking both the location of parcels and their temperature to ensure the integrity of the products.
Inventory mismanagement is a pressing issue globally and is causing over US$163 billion of wasted inventory annually. This means products are regularly discarded due to export or overproduction. By harnessing IIoT, manufacturers will be able to better forecast ahead to react towards any sudden changes both locally and globally.
Downtimes are one of the greatest banes to manufacturers. Not only does it reduce output, thus impacting revenues, but it can also clog up supply chains.
According to McKinsey, by unlocking the potential of Industry 4.0 through IIoT, manufacturers can enjoy up to 50% reductions in machine downtime. Through the implementation of sensors, manufacturers can start to capture and analyse machine data in real-time. Factory supervisors will gain complete visibility of the machinery to observe normal and abnormal states to pre-empt potential disruptions. This predictive maintenance capability allows factories to avoid costly malfunctions, missed delivery times and poor product quality.
At T-Systems, we offer a multi-IoT service platform that bundles the best platform providers, allowing you to enjoy multi-spectrum advantages from just a single source. We help set your factory up for digital success starting from consultations to launching a proof of concept before helping with a full roll-out of your smart factory.