Is your enterprise prepared for the smart factory evolution?
Connecting and integrating traditionally siloed functions supports better decision making at all levels, more effective collaboration throughout the supply chain, and powerful, real-time business insights.
“The potential benefits, both near- and long-term, are undeniable and compelling,” writes Tom Hennessy, VP, Marketing at iBASEt in Manufacturing Leadership Journal. “Quality, control, and risk can be precisely managed in real-time across the enterprise. Business, production, and compliance problems are solved faster, better, and cheaper. Decision support becomes more granular, and is harmonized across the factory and throughout the supply chain. The digital thread brings customers, vendors, and suppliers closer, tying them into holistic feedback and evaluation loops. People, machines, and other resources are put to more efficient use, with optimization driven by better metrics and predictive performance analytics that flag pending issues before they cause outages or quality defects.”
According to LNS, enabling this thread means “significant payoffs” for manufacturers, including:
Yet, digital thread readiness is surprisingly low. Only 20-30% of companies have made strides to implement it across the enterprise.
Read more about the enabling the digital thread + assess your readiness with iBASEt’s Digital Thread Adoption Calculator.