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Data analytics is used with involvement for gaining insights into the manufacturing process, enabling companies for identifying inefficiencies, reduce waste, and improve productivity.
Smart benefits of smart production management:
- Increased productivity by data analysis from machines and sensors. Companies can also identify bottlenecks and inefficiencies for making changes to improve the overall production process.
- Improved quality control by identifying patterns of defects and taking corrective actions to prevent issues from recurring.
- Smart production reduces cost by optimizing the use of resources such as energy and materials. The machines and sensors can use the data to be analyzed for improving efficiency.
- Flexibility is increased by changes in demand by analyzing data from customer orders and production schedules. The companies can adjust the manufacturing process for meeting the changing demand patterns.