Smart manufacturing technology enables Food & Beverage manufacturers to increase yield and reduce waste. At Thingtrax, we track these impressive benefits for many manufacturers. So, what’s stopping others? One barrier for busy Operations Managers is the task of illustrating the benefits, ROI, and project payback period.
It only takes a small effort to build a bullet-proof business case for the benefits of smart manufacturing. We an infographic The ROI of Smart Manufacturing, detailing the ROI for one beverage manufacturer. The most significant gains arose from:
- Increasing the Quality Score from 98% to 98.5% to reduce the cost of rejected items
- Improving Machine Performance from 87% to 91% by optimising throughput
- Increasing Machine Availability from 90% to 94% by reducing unplanned downtime
The improvements add up to nearly £900k of annual, ongoing benefits from productivity gains, with a project payback period of just 2-3 months. With the right data, an ROI forecast can equip you to drive innovation and take productivity to new levels.
Click Below to download the infographic