Asset Performance Management (APM) has become one of the most talked about practice areas in the industrial sector. Every user group meeting in the automation sector that LNS Research analysts have attended recently has spoken of reliability, APM, and the Industrial Internet of Things (IIoT) as the way to drive Operational Excellence.Read More
Manufacturing companies have the reputation of being very cost-sensitive when it comes to procuring application software. Almost every end user company LNS Research engages with that is conducting a vendor selection exercise has cost as a key element of its process. However, despite manufacturing’s reputation, the reality is companies put cost behind both functionality and ease of integration when it comes to purchasing decisions for Asset Performance Management (APM) application procurement.Read More
The only thing worse than having a piece of equipment fail is to have it fail and not have the parts to readily repair it at hand. Because of this, many companies stock a plethora of spare parts which drives their carrying cost for that inventory sky-high. Although balancing the risk of not having the spare parts when needed versus the costs of carrying inventory is not a trivial problem; many companies have not yet addressed the issue. That’s why we are highlighting Xtivity and its Cloud-based solution, xIO Inventory Optimizer.Read More
On October 3rd, LNS Research conducted its first Manufacturing Operations Roundtable on the subject of Smart Manufacturing. Besides our gracious host, Alcoa/Arconic, attendees included executives from Magna, Cargill, USG, Lexmark, Praxair, and Eaton. The day-long event started off with LNS Research setting the stage about Smart Manufacturing and what it is, and insight on where we saw the industry pursuing initiatives and success related to Smart Manufacturing today.Read More
Overall Equipment Effectiveness (OEE) is a metric that most manufacturers rely on to help them understand how well their manufacturing operations are performing. Almost every discussion LNS Research has with end user clients about manufacturing operations eventually comes to OEE. A key factor influencing OEE is asset reliability. The bottom line is that a poorly performing asset due to poor maintenance can kill your OEE performance. The challenge that many companies face is there are multiple ways to address reliability. That’s why LNS Research is highlighting the automation and Product Life Management (PLM) giant, Siemens, and its approach to equipment reliability.Read More
"Patience is a virtue."
"If it isn’t broke - don’t fix it."
"Slow and steady wins the race."
One thing I have come to recognize in my 45 plus years in the industry is manufacturers love platitudes. Unfortunately, the culture that evolves over time from this caution becomes so stagnant that ultimately a manufacturer can become uncompetitive.
The marketing hype on the Industrial Internet of Things (IIoT) and Smart Connected Devices suggests that this technology will just spontaneously appear in the market and be available for immediate deployment. Data tells a different story though. The LNS “Metrics that Matter” and “IIoT” surveys show there is growing awareness and interest in Digital Transformation and how it will change the way companies operate. However, organizations have made little progress in this direction. In many respects, most manufacturers still need to take the first steps toward Digital Transformation.Read More
The #MondayMusings blog series provides executive level insights and analysis for the Industrial Internet of Things (IIoT) and Digital Transformation from the previous week’s briefings, events, and publications @LNSResearch.Read More
Asset performance management (APM) is a critical core competency for many businesses. Any asset intensive service provider such as a utility or transportation company and the vast majority of manufacturers depend on reliable, proper functioning, well-maintained assets to ensure the profitable operation of their business. That’s why we are taking a deeper dive into a company that offers all aspects of APM from acquiring the data on the plant floor to managing the business of maintenance with an Enterprise Asset Management (EAM) solution, Schneider Electric.Read More
The rapid evolution of new IT capabilities such as Mobility, Cloud, the Industrial Internet of Things (IIoT), and Big Data & Analytics has led to new vendors entering the market, existing vendors expanding their Asset Performance Management (APM) portfolio, and traditional APM vendors rapidly shifting their technology platforms. Today, we take a closer look at SAP and how it is growing from an Enterprise Asset Management (EAM) provider to an APM provider as it continuously accommodates Digital Transformation.Read More