Efficiency Through Automation: Manufacturing’s Digital Evolution

livemint.com:

an 8.8% annual compound growth rate in the factory automation market between 2018 and 2025 to hit the USD$368 billion mark. This means processes that once relied entirely on human brawn will be defined by precision no human could easily match. You may be curious as to how automation has moved the needle in terms of manufacturing efficiency.

Read this guide and find out. It’s incredible how factories have transformed, thanks to intelligent machines. You practically need a map to navigate some plants nowadays with all the autonomous mobile and flying robots.

However, automation isn’t reserved for huge factories with acres of floor space. Small manufacturers can also tap into this by using relevant software, such as material requirements planning (MRP) tools, which can help schedule jobs, manage inventory, and connect equipment. The right automation tools and processes can help companies churn out much higher volumes with way less downtime.

This is one of the reasons why 50% of organizations consider taking up AI and automation to drive their business agenda, as per a report by a leading publication in 2023. But then again, large factories aren’t the only ones benefitting. With the right software, even small-scale manufacturers can boost efficiency with these technologies.

Going for the best MRP software out there, for example, can be a cheap way for your small shop to get a taste of Industry 4.0. There is an array of automation software that comes with the capacity to organize a bill of materials, optimize workflow, and keep track of inventory and purchasing—enhancing overall operational efficiency. Forget faulty products.