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Standard of Excellence: ‘Quality’ Is Your Company's Greatest Competitive Advantage
The paradigm of operational excellence has emerged as a key focus area in today's rapidly evolving manufacturing landscape. Realizing this shift, manufacturers are increasingly exploring ways to optimize operations to meet the challenges of the "new normal." The manufacturing sector's challenges, particularly regarding personnel and talent, are not going away. Thus, the conversation has shifted toward addressing these challenges through automation, artificial intelligence (AI), and collaboration with suppliers.
The Smart factory marks a paradigm shift in manufacturing, eliminating inefficient and error-prone practices. Powered by advanced technologies such as IIoT (Industrial Internet of Things), AI, and machine learning (ML), it relies on cooperation between advanced inspection systems and process control tools to ensure quality at every step of production.
There are many moving parts here, but the potential for gain is immense. The overall results can be quite impressive when you start looking at the organization from the top down and finding places where improvements can be made. For example, manufacturers can become much more profitable with their existing headcount by implementing these emerging AI-powered technologies. For example, previously, the focus was on how to get more out of a supplier by squeezing them as much as possible. However, the paradigm is shifting toward a more collaborative approach. Now, manufacturers are seeking ways to reduce their supplier base and solidify relationships with strong suppliers who share their vision. The conversation then naturally progresses from supplier to partner.
Continue reading this article by Joel Scutchfield and Brent Fischthal in the May 2024 issue of SMT007 Magazine.
