Machinery and Facilities Management
Machinery management frequently takes a backseat when bringing a product to market, as focus usually falls on the product, packaging, and distribution. This results in operations leaders cultivating a tribal knowledge of machinery, creating disorganization and lack of standardization.
With Specright, digitize your factory and access a complete view of crucial machinery information, all at the touch of a button.
Why Do Operations Leaders Need Access to Machinery Data?
Machinery and equipment are major capital expenditures, so knowing the exact specifications of what your buying is vital. Without knowledge of these specifications, it’s challenging to procure new equipment in a timely manner; you risk ordering the wrong parts and it's a struggle to figure out precise rates of depreciation. By using specification data management, it’s easy to capture all of the relevant machinery details, operating levels, and depreciation rate calculations. Also, you can tie machinery back to the product specs it touches for in-depth analysis on productivity or ROI.
With the rise of factory automation and the industrial internet of things, the ability to link operating data to specifications enables new product insights, better facilitates maintenance and part replacement, and makes it easier to fulfill new cap-ex requests.
The State of Machinery
Machinery uptime used to be the main obstacle faced by operations leaders. Now, professionals are citing material flow as the culprit to lack of productivity. Essentially, material flow is about getting the right parts to the right place at the right time. Material flow problems often show up through product variation, missed production quotas, and growing machinery costs — all of which are indicators that appear at the end of a big project and can cost you thousands of dollars. Operating expenses eat up a huge portion of project budgets. Find out how to better manage your machines, with Specright.
Colgate-Palmolive: Increasing Collaboration and Reducing Machinery Start Up Times
Colgate-Palmolive supplies products to more than 200 countries and has over 40 manufacturing facilities; each with their own team of engineers. Without a unified source of data, engineers had no visibility into what other facilities were doing. Learn how Colgate-Palmolive used Specright to increase visibility, test and deploy machines faster, and speed up large projects.
Take Action in Specright
Streamline Purchasing and Deployment
The average laser cutting machine can cost around $2,000,000, not to mention the annual maintenance costs that typically range from $50,000 to $75,000. Other commonly used machinery is no different. With such high stakes, it’s crucial to consider all factors when making a machinery purchase, such as the role it plays in your factory as a whole, or production rates and expectations. By digitizing your factory, it’s easier to understand the bigger picture of your production processes and plan accordingly.
In most companies machinery details aren’t readily available, complicating purchasing, as aforementioned, as well as deployment. Due to operations leaders harboring more of a tribal knowledge about their machinery, setup and deployment pose a major challenge. On Specright, you can capture the granular details of set up processes, quality requirements, and important business-specific standards. Minimize potential cost-incurring machinery issues and risk surrounding decisions with Specright.
Track Usage and Productivity
Never miss another production quota. Specright enables users to track usage and gain insight into optimal production levels, ability to streamline material flow, and the interconnectivity between the machines you house. Use your data to better understand the current usage and productivity of your factory so you can reach your production goals faster.
Additionally, you can build out your perfect factory on Specright. By creating a digital twin of your machinery, you can manage machines at the component level and tie components together to build new machines and model plant lines. Find bottlenecks, figure out what works, and bring cost-saving solutions to life.
Reduce Maintenance Downtime
Downtime occurs when material flow is interrupted, causing major profit losses and a decrease in productivity. Track depreciation on Specright to effectively anticipate service needs and procure parts on time. Perform and record machine fingerprinting, centerlining, tuning and more, then tie it back into your machine specs to aggregate an accurate history of performance to drive more uptime in the future.
End of Life Management
End of Life (EOL) management is often overlooked. On Specright, easily add EOL to your supply chain for sustainable and lawful disposal of machinery. Failure to properly dispose of electrical waste can have severe environmental and health impacts. Specright can help manage the disposal process and assist you in making sure you adhere to proper disposal standards. Also, with a detailed history of machinery and individual parts, it’s easier to save and repurpose parts that may not have reached full depreciation. With Specright, you can machinery your machinery from procurement, to deployment, to usage, to full depreciation, all on one centralized platform.
Simplify Machinery Lifecycle Management by Digitizing Your Factory
The machines inside your factory make up a huge portion of fixed assets, so why are companies still making million dollar decisions without a complete view of their data? Specright allows you to build out a simulated environment, also known as a digital thread, to help lower risk in decision making while increasing visibility into the specifics of your factory.
The Internet of Things, the Digital Thread, and Specright
The Internet of Things (IoT) has revolutionized the way the business world works. With nearly everything having an online representation, products are moving faster, consumers have more product selection, and companies must adapt to feed constantly changing demands. With the huge capital expenditure that is machinery, it’s challenging to keep up with the always-evolving business landscape.
Enter the digital thread, the complete, online representation of your factory. The digital thread is the industrial response to the Internet of things, helping operations leaders leverage their capabilities to better serve their customers. Instead of wasting time, money, and resources by trying to pivot production live, the digital thread allows companies to do so in a simulated environment.
However, starting your digital thread may seem daunting. There’s so much granular data to be accounted for, likely housed in all different locations. Luckily, we built Specright so you can spend more time building amazing things and meeting your goals. Specright serves as the foundation of your digital thread. Aggregate all of your data and put it into one organized platform to begin constructing your online factory.
With all your data in one place, you’re free to experiment with production levels, simulate tests of new products, collaborate across multiple departments, and more. For more information on Specright and the digital thread, check out our blog post, How a Digital Thread Can Revolutionize Your Supply Chain.
Manage Your Machinery on Specright
Running a factory successfully requires collaboration from operations leaders, product development teams, quality assurance teams, purchasing, procurement, and others. Many companies still invest in multiple different softwares that aren’t designed to interact with each other, leaving holes in the communication process.
With Specright, teams move from a decentralized source of information - relying on each department to manage their critical data - to a single source of truth. By centralizing data and making it digitally available, across any device, operations leaders can cut down on requests for information from other teams, and other teams can easily find the tribal knowledge that typically surrounds machinery.
Specright is helping operations leaders to be on the cutting edge of factory management. Stop material flow problems and high risk decision making. Manage your factory digitally, enabling your company to test, experiment, and produce products in a low stakes environment before making any of the big expenditures often associated with machinery. Check out our ebook for more information on how Specright can transform your factory.
Why Specification Data Management Is The Future Of Supply Chain™
In this eBook, we discuss the evolution of supply chain data and how professionals ranging from packaging to procurement can leverage data to drive business outcomes.