The industrial application of IoT is evolving at a greater pace due to the diverse solutions offered by innovative IoT technology enthusiast. Expenditures on IoT implementation has increased to a significant amount with growing interest from global manufacturers. Investments into IoT has gone up by 100% in 2020 than it was in 2015.
In addition, the fact the only 37% of industries are aware of the potential of IoT in manufacturing, of which only 7% is actually implementing the IoT technology into their manufacturing processes.
The installation of dedicated IoT sensors in the manufacturing units keeps track of the health of all units under operation and post it working status to equipment manufacturers and engineers on field.
These data are so informative and helps to derive more insights about the actual functioning of the factory equipment and makes it easier to predict and schedule any maintenance activities before any incidents show up during the regular workflow in the manufacturing floor.
Production line monitoring is the key to refine the production process which covers right from line of production to the final packaging of products. It makes real-time monitoring of production line possible and provides an option to keep track of mundane tasks in production line and helps to optimize the production line operations efficient.
Lean management is now possible in real-time, product tracking after manufacturing is the key solution that IoT offers, using smart tracking mechanisms. It also help redefine the production process to facilitate faster packaging by customizing any possible product features.
Products manufactured has to be shipped to its consumers at the right time to the right consignee and above all without any damage to the product. Smart shelves and RFID tags are a great way of monitoring the inventory while it in transit or is at the port the destination through any overseas carriers.
Smart shelves are the key to inventory management in real time with the ability to assist in utilizing the shelf spaces to the optimal level. The concept of lean manufacturing is best adapted using smart shelves technology due to the inherent nature of the demand-based re-stocking practice and it reduces product organization overhead on the operations management.
The RFID tags placed on items that are shipped allows the consignee to know the status of the shipment at any point during its transit to the destination.
Improve Quality control
The inline maintenance of machinery and improved process management is made easier with the introduction of IoT devices into the quality control activities. Real time monitoring of machinery health through IoT sensors builds a huge pile of data in the course of machinery operation that can be analyzed to gain useful insights.
This pro-active quality control on machinery has a greater impact on the quality of products made using these machineries. The zero down time and highly available manufacturing machinery are the key to maintain the QoS (Quality of Service) in the workshops. Also, it paves way for predictive maintenance opportunities to repair and re-schedule its operation into production environment at regular intervals of time.
The potential of IoT in manufacturing has a wider scope spanning the entire product life cycle management and to supply chain management of products. Leverage the hidden potential of IoT by ingesting it into as earlier as possible into your production line and build a future ready connected factory.