Burlington, Ontario -- (SBWIRE) -- 09/19/2011 -- According to John Rattray, of Financial OEE leader, Memex Automation, “Success is increasingly tied to improving manufacturing performance, and improving it quickly. Manufacturers are increasing their focus on the bottom line. This scrutiny is leading to renewed attention on manufacturing, where the most significant assets (plant and equipment) and costs are. Manufacturers need to cut costs, increase cash flow and become more responsive to changing market conditions.”
Rattray insists there are rules that will drive profitability to the bottom line.
Enhance Lean Initiatives Globally
Lean, demand-driven manufacturers can further reduce idle WIP and inventory buffers while gaining agility to respond faster and more accurately to customer demand. Electronic replenishment and e-Kanban sizing, triggered by actual demand and consumption can help optimize global operations. Costs go down, efficiency goes up and customer satisfaction escalates.
Just-In-Time, Sequenced Operations
Applying material synchronization one step further, Just-In-Time, sequenced production can further reduce excess inventories, for a truly demand driven production. Track, view and coordinate the flow of goods from supplier to customer shipment. You'll need real time visibility and actionable control of your entire material flow – in-transit, landed, WIP and finished goods inventories – to enable precise synchronization of material and production demand.
Improve Quality
Best-in-Class quality means building your product “right the first time,” resulting in reduced waste, fewer returned items, lower warranty costs and higher customer satisfaction. Implementing a platform for continuous quality improvement is a way to ensure profitability, achieve regulatory compliance, maintain brand integrity and provide sustainable competitive advantage.
Culture of Continuous Improvement
Having an enterprise platform for manufacturing operations real-time Key Performance Metrics such as OEE provides global visibility, across your operations. These capabilities let you easily identify and replicate best practices across your global operations while instilling a culture of continuous improvement across production, warehouse, quality, maintenance and labor activities.
Standardized best-practices reduce cycle and takt times across your operations, helping to ensure On Time Delivery (OTD). Global, real-time visibility that is actionable on a 24/7 basis enables immediate resolution to operational disruptions.
About Memex Automation Inc.
Memex Automation Inc., http://www.memex.ca, a unit of Astrix Networks Inc., was created to leverage the research and development of Memex Electronics, which was founded in 1992. Memex continues its tradition of serving the discrete manufacturing sector, supplying component hardware, memory upgrades, and visionary shop floor communication technology. Memex products allow a manufacturer to realize the impact of Financial OEE Profitability.