For those who are unaware, every two years here at LNS Research we engage with MESA International to conduct the “Metrics that Matter” research study – focused on identifying the most important and cutting edge trends in manufacturing; particularly on the key performance indicators (KPIs) that companies are using as well as the improvements displayed therein.Read More
GE Invests in Sight Machine to Build out Big Data and IIoT Capabilities
GE Ventures, the start-up collaboration division of General Electric, has invested $13.5 million in Sight Machine, a manufacturing analytics solution provider with customers in the automotive, life sciences, and consumer goods industries. The move comes as part of the industrial/IT giant’s initiative to gain more data from factory floor machines and assets, and as a part of its larger strategy to shift toward a digital company at the forefront of Industrial Internet of Things (IIoT), which was signaled in its September 2015 announcement of the GE Digital business segment.Read More
We at LNS Research have spent the past several years researching, writing, advising, and consulting on Big Data Analytics in the industrial sector. As part of our Metrics that Matter research we have shown how manufacturers believe areas like business model transformation and asset value.Read More
As we move into 2016 with high hopes for manufacturing in general and the industrial software industry in particular, we are delighted to announce the fourth installment of the Metrics That Matter (MTM) survey jointly presented by MESA International and LNS Research.Read More
Tags: Manufacturing Metrics
Sometimes we get so wrapped up in our work we don’t have time to follow all of the social media posts and utilize all the online resources to stay on top of topics we need to cover. So as you start out 2015 we went back and looked at what were the top posts about Asset Performance Management (APM) (excluding vendor-specific posts) based on both page views and Twitter likes and retweets and LinkedIn likes and comments.
On April 16, 2014, LNS Research and MESA International held a webcast event entitled, “2013-2014 Manufacturing Metrics that Really Matter.” By the end of the event, we had received a barrage of questions from attendees, many of which couldn’t be addressed live due to time. In this post, we’ll address the top 10 questions that were asked.
Embarking and accelerating on a continuous improvement journey toward improved manufacturing performance is becoming increasingly important these days, as the shifts around global supply and demand, heightened customer expectations, and exciting newtechnological capabilities have created an atmosphere where manufacturing excellence is required to lead, or even maintain your spot within your industry, regardless of what that industry might be.
With today’s global economy only becoming more competitive, it’s no surprise that everybody in the manufacturing environment is talking about continuous improvement. Proven leaders understand that if you’re not moving forward, making year-over-year gains in key performance indicators (KPIs) and metrics, then you’re destined to face some serious challenges down the road.
As a plant manager, you’re responsible for the day-to-day management and coordination of production, logistics, and maintenance in your assigned facility. Your position is one that’s hands-on and focuses on using all the resources at your disposal to maximize production accuracy and profitability while ensuring worker safety and government compliance in a particular unit of the manufacturing organization.
It’s the paradox of choice—the presence of too many options can make effective decision making more difficult. This isn’t just the case of a restaurant patron confronted with an extensive dinner menu or an online shopper perusing Amazon, it applies to manufacturers as well.