What do you consider real-time information? For some manufacturers, accurate data can only be acquired when a shift ends and the production reports are logged or the data from the shop floor is uploaded, resulting in an unfortunate up to eight hour "real-time" reality. For others, the real-time information range is shorter, spanning between four to six hours, depending on the design and technology limitations of their reporting software.
Today's competitive manufacturers need to ask themselves, "Why is that an acceptable margin?" The answer is: It's not! When you pull information from your shop floor and back office, your reports should be run against live data, not data that is delayed.
This new whitepaper by IQMS discusses the importance of actual data and demonstrates how a lack of real-time information can cause crippling effects throughout your entire enterprise, including unplanned downtime, products trending out of specification, late KPIs, incorrect inventory and inaccurate scheduling. Download the paper to learn how the Internet of Things is changing the concept of real time and how real-time data can solve your most painful manufacturing challenges!