Churn is also costly and highly detrimental to manufacturing businesses, since they rely on well-trained workers with operational knowledge. The cost to replace a manufacturing employee, when factoring in investment in training, is orders of magnitude above salary. Businesses must stay on top of the pulse of the workforce.
Maintenance-specific modules from suppliers of enterprise resource planning systems have traditionally involved costly implementation and learning curves and thus less-than-desirable ROI. Manufacturers can consider going the route of partner solutions, usually software-as-a-service, to achieve maintenance operations savings.
In the second article of a series on machine-to-machine, Internet of Things, and Big Data, Machina Research provides insights around developments in connected cars. Principal analyst Emil Berthelsen covers current applications and possibilities, market size and potential, and who can benefit from connected vehicles.
The IMTS trade show in Chicago this week will prove that manufacturing is not only back but growing. Manufacturing will continue to be a major driver of national GDP, and the buzz about digital manufacturing here shows that technology will continue to the scope and nature of mass production.