Disrupt the next industrial revolution by predicting maintenance of machinery, optimizing the supply chain, and increasing efficiency of operations
Data is crucial for manufacturing and the supply chain. Let Numtra help you disrupt the next industrial revolution by predicting maintenance of machinery, optimizing the supply chain, and increasing efficiency of operations.
Manufacturers rely on expensive equipment to keep things moving on the factory floor, and a malfunctioning machine causes huge losses in revenue. Predictive maintenance allows Managers to anticipate when a machine will be out-of-use, and plan repair procedures accordingly. IoT devices (aka sensors) send data from machinery on the factory floor which can be used by data science to recognize patterns that indicate need for maintenance before a piece of machinery breaks down. These alerts allow companies to strategize in advance, so production isn’t affected during routine or surprise maintenance.
The supply chain is optimized utilizing machine learning. Machine learning predicts trends and help manufacturers better understand their customers’ needs and behavior. This is especially beneficial for predicting inventory at different times of the year. Money is lost when a company invests too much into inventory that it doesn’t sell through. The opposite problem of selling out of a product also reduces potential revenue. By better predicting consumer trends using machine learning, manufacturers optimize the supply chain and produce the perfect amount of product needed at a specific time.
The large amount of data available to manufacturers allows for more efficient production. Data analysis and monitoring enables better decision making from Managers. Insights into bottlenecks in production, inefficiencies in the supply chain, and equipment failures are visualized and timely alerts are sent. Proper adjustments are then made to production methods to optimize output and profits.
Numtra helps leading manufacturers optimize their processes and accelerate their business with innovations in IoT, machine learning, and advanced analytics.
We can help you with this. We can do it fast and cheap.
Contact Numtra for an assessment and conversation.