Manufacturing analytics is the process of capturing, aggregating, and analyzing key performance indicators such as production volume, downtime, costs, return on assets, among others, in order to optimize the production process and meet business goals.
From the raw materials to investment, logistics and of course, the final product, manufacturing is an intricate process with many moving parts.
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Besides the non-tangible aspects of the manufacturing industry, there are financial and managerial aspects to oversee, not to mention a perpetually changing consumer demand and aggressive competition.
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In the manufacturing industry, there are simply too many moving parts, both literally and figuratively. Advanced manufacturing analytics can be applied for a more comprehensive and robust decision-making process.
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