In this ever-evolving world, with rising costs, supply chain issues, and challenges from COVID-19, adaptability is vital for manufacturers to thrive. Manufacturers must look toward intelligent cloud and intelligent edge solutions to build smart, agile factories. Internet of Things (IoT) technology, especially when combined with edge computing, artificial intelligence, and machine learning, helps manufacturers improve their performance and anticipate market shifts through actionable intelligence and real-time visibility. IoT Intelligence is an essential add-in for Microsoft Dynamics 365 Supply Chain Management. It integrates Internet of Things (IoT) signals with data in Supply Chain Management to produce actionable insights.
Continue reading to learn crucial ways that IoT can help manufacturers drive agility, increase uptime, optimize overall equipment effectiveness (OEE), and improve product quality and efficiency.
Drive operational equipment efficiency (OEE)
Improving operational equipment efficiency is a top priority for most manufacturers. Manufacturers are looking for ways to capture and use real-time insights to power continuous optimization, better business decisions, and cost reductions. They want to leverage intelligent planning, predictive maintenance, and production flow visibility across plants, lines, and assets to capture efficiencies and lift plant performance.
Microsoft Dynamics 365 for Finance and Supply Chain Management can be used to combine IoT and Mixed Reality to gather, analyze, and apply critical equipment insights to optimize performance and drive operational efficiencies. This solution can help customers increase uptime, productivity, and scalability.
Improve product quality and production efficiency
Improving product quality and production efficiency is imperative and can be achieved through IoT. IoT helps reduce lead times and get products into customers’ hands faster by capturing and applying actionable intelligence. Using cognitive services and artificial intelligence (AI), IoT informs quick design changes to improve product quality and yield. IoT also helps manufacturers tame operational costs by increasing productivity and energy efficiency and lowering scrap and rework expenses.
Additionally, IoT can enhance resilience and profitability through better supply chain planning and execution. Using sensors, networks, and ambient intelligence, IoT helps to create autonomous supply chains that get products to market faster.
Increase uptime and availability
Ensuring that production lines run smoothly is another critical priority. IoT allows manufacturers to acquire real-time insights that can help reduce unplanned downtime, improve worker safety, and increase output. When this is combined with AI and machine learning, it can help manufacturers monitor asset health and predict, diagnose, and resolve issues before they disrupt production. IoT can also help streamline system administration to maximize productivity. And when combined with Mixed Reality, IoT can be used to empower technicians with the information and tools to improve productivity and first-time fix rates.
Next Steps
If you are interested in learning more about ways to maximize manufacturing quality and efficiency with Microsoft Dynamics 365 for Finance and Supply Chain Management, contact us here to find out how we can help you grow your business. You can also email us at info@loganconsulting.com or call (312) 345-8817.