Internet of Things is the new sensation in the digital world. However, it is not limited to the IT sector only as it spreading its roots in raw fields like healthcare, transportation & logistics, factories, weather forecast, manufacturing and so on.
Monitoring Machine Utilization in Factories
Depending upon the size of business, some enterprises run several geographically dispersed factories which makes it difficult for them to monitor the utilization of hundreds of machines installed. With the traditional report-based methods, it is nearly impossible to observe the working. Especially when there are various supervisors are involved including process operator, line supervisor, shop managers, and factory managers.
But with the implementation of IoT enabled utilization measurements, it becomes easier to get real-time physical access to the machines. Depending on the capabilities of IoT, it is used to monitor, control, optimize and autonomy, just the four levels associated with implementing a smart and connected product which can reduce the price of IoT development. It offers instant access to information, Precise visibility and detailed analytics for the effective utilization of the installed machines.
Similarly like machine monitoring in factories, it is a complex task for the business enterprises to monitor their stocks and other assets available in their inventories or warehouses. Making records on the papers or Excel spreadsheets is a time-consuming procedure and increases the chances of human error. IoT comes in the picture here as it completely eliminates the chances of human-error and also makes it smoother and faster and it requires no human intervention.
With IoT enabled inventory management you can have automated inventory tracking and reporting, inventory optimization, easy identification of bottlenecks within the operations, lead time optimization and constant visibility into the inventory items’ quantity, location and movements as well.