The Advantages and Trends in Asset Management with IoT - Inteliiot

 

Asset management is critical for manufacturing companies looking to gain a competitive edge. As a result, adopting IoT-based innovations for asset management has become increasingly popular. It helps improve overall equipment effectiveness (OEE) by monitoring availability, performance, and quality.

Poor asset management and production can cause delays in the supply chain and hinder successful business operations. However, IoT-powered asset tracking offers effective and efficient management, ultimately enhancing operational efficiency and facilitating the development of business models for tracking asset performance throughout its life cycle.

What advantages does IoT-based asset management offer?

IoT-based asset management allows companies to streamline operations and increase profits. Here are some benefits of using IoT-powered asset management:

Real-time visibility: IoT-based asset management offers real-time visibility into the location, health, and performance of assets, optimizing operations, reducing downtime, and increasing productivity. Read more....

Source Link:- https://www.inteliiot.com/blogs/the-advantages-and-trends-in-asset-management-with-iot/

IOT in Press and Stamping processes - Inteliiot

 

Press and stamping processes are manufacturing processes used to shape and form metal sheets or parts using a press or stamping machine. In these processes, a metal sheet or coil is fed into the machine, and a die (or set of dies) is used to shape or cut the metal into the desired shape or form.

The press or stamping machine applies force to the metal, which causes it to deform and take the shape of the die. The dies are typically made of hardened steel and can be customized to produce a wide variety of shapes and forms.

There are several types of press and stamping processes, including:

Blanking: A process where a flat piece of metal is cut into a specific shape, such as a circle or rectangle.

Punching: A process where a hole or other shape is punched out of a metal sheet or part.

Drawing: A process where a metal sheet or part is pulled through a die to create a cylindrical or other complex shape.

Forming: A process where a metal sheet or part is bent or shaped to create a specific form or profile. Read more....

Source Link:- https://www.inteliiot.com/blogs/iot-in-press-and-stamping-processes/

Leveraging IOT for Business Intelligence in Manufacturing - Inteliiot

 

Business intelligence (BI) refers to the technologies, processes, and practices that organisations use to collect, integrate, analyse, and present data in order to make better-informed business decisions. BI helps organisations gain insights into their internal, and external trends, which can then be used to identify opportunities, optimise performance, and drive growth.

The goal of business intelligence is to provide decision-makers with the information and insights they need to make more informed and strategic decisions, ultimately leading to improved business performance and competitiveness.

Manufacturing Intelligence (MI) is a specific application of BI to the manufacturing industry. In other words, MI is a subset of BI that is focused on collecting and analysing data generated by manufacturing operations. BI encompasses a wide range of activities, including data mining, data warehousing, data analysis, reporting, and visualisation.

MI enables enterprises to gather and analyse real-time data from their operations, identify inefficiencies and opportunities for improvement, optimise production processes, and improve product quality. Read more....

Source link:- https://www.inteliiot.com/blogs/leveraging-iot-for-business-intelligence-in-manufacturing/

How Businesses Leverage IoT For Asset Management - Inteliiot

 

The Internet of Things, also known as IoT, essentially links everyday objects, processes, and environments, to the internet.

Its uses are vast and diverse – it has revolutionized industries far and wide, from home automation to agriculture, from urban planning of smart cities to healthcare. Businesses worldwide also use IoT to digitalize industrial processes and make everyday objects smarter.

The technology also automates inventory management and gets rid of laborious manual tasks. It provides your business with many benefits, including optimizing daily tasks and planned maintenance, abolishing out-of-stock and overstock scenarios, and improving customer experiences. Read more...

Source Link:- https://www.inteliiot.com/blogs/how-businesses-leverage-iot-for-asset-management/

How Does Condition Monitoring Help in Maximizing Asset Utilization? - Inteliiot

 

Condition monitoring is the process of continuously checking on the health of an asset or system to find any early indications of deterioration or malfunction. It can assist in spotting potential issues before they become serious and lead to downtime or failure by routinely gathering and analyzing data on the condition of an asset.

Making the most of an asset’s capacity, lifespan, and availability, when needed, are all part of maximizing asset utilization.

Condition monitoring techniques are used on a variety of equipment, including rotating machinery, auxiliary systems, and parts such as compressors, pumps, motors, and presses.

Traditional condition monitoring was primarily based on vibration analysis, but more modern, inventive techniques use sensors to measure various parameters in real time and can send an alert when a change is detected.

Condition monitoring can be broken down into three main parts: Read more...

Source Link:- https://www.inteliiot.com/blogs/how-does-condition-monitoring-help-in-maximizing-asset-utilization/

Digitization in Metal Forming Industry - Inteliiot

 

The Metal forming industry is a complex industry that involves the manufacturing of metal products using various forming techniques, such as forging, rolling, extrusion, and stamping. To monitor the productivity of assets in this industry, some key performance indicators (KPIs) that can be useful include:

Production efficiency: This KPI measures the efficiency of the production process in terms of output per unit of time. It can be calculated by dividing the total output by the total hours worked.

Downtime: This KPI measures the amount of time that production equipment is unavailable due to breakdowns, maintenance, or other issues. Reducing downtime can improve productivity and profitability.

Cycle time: This KPI measures the time it takes for a product to go through the entire manufacturing process, from raw materials to finished product. Shorter cycle times can increase production capacity and efficiency.

Scrap rate: This KPI measures the amount of waste or defective products produced during the manufacturing process. Reducing scrap rates can increase profitability and efficiency. Read more....

Source Link:- https://www.inteliiot.com/blogs/digitization-in-metal-forming-industry/

How Digitization helps Enterprises in Discrete Manufacturing - Inteliiot

Condition monitoring is the process of continuously checking on the health of an asset or system to find any early indications of deterioration or malfunction. It can assist in spotting potential issues before they become serious and lead to downtime or failure by routinely gathering and analyzing data on the condition of an asset.

Making the most of an asset’s capacity, lifespan, and availability, when needed, are all part of maximizing asset utilization.

Condition monitoring techniques are used on a variety of equipment, including rotating machinery, auxiliary systems, and parts such as compressors, pumps, motors, and presses.

Traditional condition monitoring was primarily based on vibration analysis, but more modern, inventive techniques use sensors to measure various parameters in real time and can send an alert when a change is detected.

Condition monitoring can be broken down into three main parts: Read more....

Source Link:- https://www.inteliiot.com/blogs/how-digitization-helps-enterprises-in-discrete-manufacturing/