Can Manufacturing 4.0 lead to the maximization of a company’s assets (people, equipment, facilities, data)? Will it be MFG 4.0 that drives operations to new levels of maturity and sets the stage for greater achievements in growth and profitability? Does it drive new levels of Continuous Improvement? LEAN? Quality? Performance? What does it take for an organization to be ready for MFG 4.0? A piece of the journey begins by understanding that data is integral to everything in manufacturing. Being able to identify and leverage that data is critical to your manufacturing future.
- Data maturity
- An understanding of the financial impact of hidden costs
- An understanding of COPQ (cost of poor quality) – more hidden costs
- An understanding of the cost of under-utilization of assets