Blog
December 1, 2020

Modernizing Manufacturing Is the Key to Growth

Because manufacturing processes have greatly improved due to new technologies and highly-advanced tools, companies can now produce higher-quality products at much faster rates. These developments have also helped businesses save a lot of money, allowing them to maximize their investments while satisfying their customers, clients, and investors. 

This 2021, the fifth industrial revolution, also known as industry 5.0, is right around the corner.  The fourth one revolved around integrating technology, but now it’s time to focus on the collaboration between humans and machines.

Industry 5.0 is the new modern, and if you want to ensure your company thrives during this time, here are the things you must do to modernize your manufacturing.

Focus more on B2C

In the past, manufacturers relied heavily on the B2B (business to business) model to be successful. However, now’s the time to shift your focus to a more B2C (business to customer) approach.

There are various benefits to doing so. For example, focusing on B2C can increase your profits because it lets you sell your goods at the suggested retail price instead of wholesale rates. It can also reduce time to market, allowing you to eliminate time-consuming processes and optimize your sales.

Utilize the Internet-of-Things

The Internet-of-Things (IoT) has been around for a while. However, it remains at the forefront of industry 4.0 and even 5.0, thanks to its various benefits. It lets manufacturers gather real-time data that allows them to make well-informed decisions to produce better products at much faster rates. It also alerts them to any ongoing problems, allowing them to quickly fix issues even before arriving at the scene.

That said, the ongoing pandemic has made IoT much more critical. Workers need this infrastructure to continue monitoring their manufacturing capabilities remotely. It also allows staff to show up only when they are alerted by the system, keeping work environments as safe as possible.

Never forget employee safety

Safety is always a priority, and that has never changed. This is a trend that has become even more important due to the pandemic. For manufacturers, this means enforcing rules like social distancing, limiting personnel in different areas, and implementing protocols to keep the virus at bay. Such employee safety rules and regulations even apply to field service, allowing staff to quickly tackle a problem and minimize physical contact.

Facilitate predictive maintenance

While fixing problems as they occur is a good strategy, it is not the best approach. Downtime is one of the most significant issues when following such a strategy, which can cost manufacturers thousands, even millions, of dollars.

For that reason, predictive maintenance is the better route. Although it may prove a lot more challenging to keep up, it saves plenty of money in the long run. Predictive maintenance is facilitated with predictive analytics, allowing manufacturers to monitor their equipment using various metrics. Such data allows manufacturers to quickly detect problems and quickly fix them before they grow larger, allowing manufacturing processes to continue without interruption.

Conclusion

There are various other ways you can modernize your manufacturing efforts other than what we have already mentioned. For instance, implementing 3D printing is a great way to speed up the production cycle, making it much faster and more affordable. Other tools, such as VR (virtual reality) and AR (augmented reality), can help staff remain safe as they go through basic repair instructions and more.

These implementations help ensure that humans and machines can work in tandem seamlessly. This guarantees that manufacturers, such as yourself, can continue being productive while keeping workers safe and happy at work.

Gough Econ is a world-leading engineer and manufacturer of integration solutions for bulk material handling industries. If you are looking to modernize your manufacturing, talk to us today!

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