14 plus 4 Benefits of a MES!
A Manufacturing Execution Systems (MES) gives you essential information that helps managers:
• make important decisions for production,
• better understand how the current conditions in the plant,
• optimise the production process,
And therefore, a detailed ROI analysis requires, first of all, the identification of a balance between all the advantages obtainable and the costs to be incurred for the implementation of the ESM.
As for the advantages, it should be noted that with technological progress, today it is possible to rely on intelligent devices and cloud systems, therefore operators and managers can benefit from an intelligent MES platform, constituting an investment that, in terms of price, costs less than a monthly installment of a sports car.
This technological transformation has a very strong impact on production and affects:
• people
• processes
• systems
The catalyst for this sudden change, but also improvement, can be attributed to access to data. The ESM therefore aims to accumulate and provide this data at the most appropriate time. The MES, thanks to the IoT, expands its sftware capabilities, integrating perfectly with it. McKinsey & Company, one of the largest management consulting firms, has estimated that the economic impact of the Internet of Things (IoT) will be between $ 1.2 and $ 3.7 trillion by 2025. And as a result, the number of connected IoT devices is projected to increase well beyond 75 billion by the same year.
Factories need to implement smart solutions now!
If they want to reap the rewards in the future and stay relevant in the market.
But then why do so many manufacturers fail to implement solutions like MES in their operations, despite an ROI in less than 2 months, guaranteed by a MES solution?
The Role of Uncertainty: The Enemy of Future Progress
According to a Gartner / MESA report, 63% of IT companies surveyed said their biggest obstacle to implementing MES in their factories is related to cost. The project and ROI are therefore not properly understood by potential MES implementers. A reality that represents a great challenge for the future advent of smart factories.
However….
…..numerous are the advantages of a MES solution.
So we realized that ROI misunderstanding is a major hurdle that needs to be overcome.
So let’s examine what ROI actually is and how it is normally calculated.
A simple ROI calculation predicts the net profit of the investment divided by its cost. This calculation, however, is sufficient for traditional investments, which only deal with returns that do not take into account today’s economic context and long-term benefits.
In particular, what are the benefits of an ESM?
- Increased productivity.
- Improvement of OEE.
- Significant gains 2 to 6 months after implementation.
- Increased production efficiency.
- Waste reduction
- Drastic reduction of material loss.
- Inventory savings in the warehouse
- Reduction of human error rate.
- Significant drop in defective parts.
- Improved and enhanced quality.
- Machine learning and Artificial Intelligence (AI), for continuous improvement of the entire production process (Kaizen).
- Smarter and faster decision making: Managers and operators can make decisions faster and more thoughtfully.
- Optimization of the factory for constant innovation: knowledge acquired thanks to an accurate processing of factory Big Data.
- Time savings: essential to allow producers and workers to focus their energies on new plans and projects.
And again…
Standardized processes allow the entire factory to go hand in hand:
- See the production process on the same monitor.
- View resources in real time
- Resolve issues immediately
- Creating a better and more flexible working environment for all managers and operators
In conclusion…
The list of concrete and flexible advantages of MES and IoT solutions is constantly growing, proceeding in parallel with the advancement of technology.
From a SMALL commission today, to a BIG comeback tomorrow.
In short, given all these advantages, production plants cannot afford NOT to invest in intelligent MES solutions….
….Carpe diem..