NZ Manufacturer October 2019

Page 1

October 2019

www.nzmanufacturer.co.nz

12

MANUFACTURING TECHNOLOGY What is the single most important contributor to productivity?

21 SMART MANUFACTURING Massey engineers win global Innovation Challenge.

23 SMART MANUFACTURING Automating one step at a time.

Smart factories have the potential to spark labour productivity Each industrial revolution has transformed production, delivered better economic output, and, consequently, immense economic gains globally. But something has shifted in the past two decades—manufacturing productivity growth appears stuck. Labour productivity is a major metric of economic output, and gains in productivity are important because, on a macro scale, labour productivity determines the standard of living of people, nations, and the world. Currently economic output is moving in lockstep with the number of hours people work. Enter the Fourth Industrial Revolution—the newest chapter in industrial development that promises to ignite stalled labour productivity in manufacturing via connected machines, people, data, and value chains. In that sense, the smart factory could potentially ignite stalled labour productivity and unlock the key to productivity for manufacturers. But how? • Every manufacturer—whether already “running smart” or yet to invest in smart factory technologies—can harvest business value from smart factory initiatives. • Smart factory initiatives accelerate business value creation. Companies report as much as 10–12 percent gains in areas like manufacturing output, factory utilisation, and labour productivity after they invested in smart factory initiatives. • There is a direct and established connection— primarily through investment and use cases—between smart factory initiatives and

Affordable 3D CAD Software for all your design requirements.

the business value realised. What’s more, any manufacturer can use this connection.

New file Import/Export engine New Graphics engine More producve with large assemblies More drawing image opons Powerful dynamic seconing

• While there are risks, primarily operational and financial, they are outnumbered by the smart factory’s value contribution. Also, most risks can be mitigated through rational stakeholder selection, an efficient change management strategy, measurable proof-of-concepts, and incremental investments. Early smart factory adopters report average three-year gains of 10 percent for factory output, factory capacity utilisation, and labour productivity. A closer look at labour productivity trends indicates that smart factory initiatives will likely enable the US manufacturers to “observe” triple the labour productivity growth rate during the next decade (2019–2030) compared to last decade (2007–2018).

What does this mean for manufacturers? The promise of improved labour productivity is certainly enticing for manufacturing, as the industry sits in the midst of a labour shortage that is on the brink of becoming a drag on productivity. Technology can spur new levels of productivity throughout the factory as companies combine technologies (such as vision systems, harmonic sensors and cobots with cognitive computing, machine learning, and autonomous capabilities). Each industrial revolution has seen this curve.

continued on Page 8

30 day free trial download today hps://www.alibre.com/get-a-trial/

Don’t delay, contact us now.

Sales and training—Aust/NZ Region enquiries@baycad.biz - www.baycad.biz 0274847464

Rent a Professional 3D Printer.

Don’t settle for inferior technology due to budget constraints. GET IT RIGHT THE FIRST TIME.

Contact us on details about our rental programme


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
NZ Manufacturer October 2019 by Media Hawkes Bay Limited - Issuu