Preparing for Analytics – Extracting Meaningful Data from Physical Processes by Mark Hambliin



To move toward formal analytics, manufacturers must convert their physical transactions to an electronic form

Contents:

  • The different types of manufacturers and their different data requirements
  • Obtaining data in low-tech environments
  • How this data can be used to generate competitive advantages

Value of Analytics in Discrete

  • Proper analysis often results in:
  • Reduced expediting costs
  • Higher margins and fewer bad receivables
  • Reduced office overhead
  • Improved customer service
  • Lower inventory levels
  • Improved shop productivity
  • Improved asset utilization
  • Improved quality

Conclusion

  • Analytics can significantly improve operational efficiency and profitability
  • The first step in being able to properly analyse data is to collect the data
  • Alberta discrete manufacturers have a number of options to improve data collection

See the presentation below: