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Indian Manufacturing News
April 22, 2019
Manufacturers are obsessed with shop floor productivity, and they are aligning their budgets and spending accordingly. This was one of the key insights to emerge from a Decision Analyst survey of 150 North American manufacturers, which was sponsored by IQMS and conducted in February 2019. In fact, 76% of the participating manufacturers say improving shop floor productivity is the most valuable growth strategy they have today.
With a focus on the shop floor, real-time monitoring is proving critical. Among all manufacturers in the survey, 81% say that real-time monitoring is making contributions to their business, and 72% define real-time monitoring as essential for streamlining and making inventory reconciliation accurate. In particular, 87% of plastics and process-based manufacturers say real-time monitoring is essential to their operations. The highest adoption is among companies investing in new or upgraded smart machinery; 100% of these manufacturers currently have real-time monitoring in place or are in the final stages of implementing it across their production centers. Meanwhile, 33% of the respondents say they are upgrading or replacing their ERP system primarily to achieve real-time monitoring production center wide.
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