As the downturn continues, most manufacturers are experiencing a loss of revenue. Sales are down, material costs are up, and supply chain disruptions continue to wreak havoc. While owners and plant managers understand the need for digital transformation, many believe that this is not the time to invest in technology.
The fact is, this is actually the best time to invest in an OEE tracking system—and we’ll show you why.
According to the National Association of Manufacturer’s most recent quarterly survey, only 33.9% of manufacturers feel positive about their company’s outlook. This is NAM’s lowest survey result since the first quarter of 2009.
Fictiv’s recent industry poll amplifies this finding. Of the manufacturers surveyed, 89% reported that COVID has negatively impacted their business. Specifically:
In short, manufacturers are simultaneously worried about winning new business and meeting existing delivery schedules. But even as they agonize over how to increase revenue in manufacturing right now, many have rejected the possibility of trying something new, let alone investing in something new.
Therein lies the problem.
How do you get out of a slump without doing something different? Can you afford to wait passively for market conditions to change? Shouldn’t you be weighing what actions you can take to ease your immediate problems and improve revenues as quickly as possible?
Evidence suggests that one of the smartest moves manufacturers can make is to start measuring their overall equipment effectiveness—i.e., adopting a manufacturing analytics platform right now.
An OEE tracking system unlocks a wealth of manufacturing data. It allows you to measure factory productivity as it unfolds and therefore, improve each machine’s performance, identify your leading causes of downtime, and spot and solve problems as they occur.
As a result, it yields five practical advantages that are particularly useful in the current environment. In a nutshell, OEE tracking will help you:
So you may recognize how an OEE tracking system can be used to help increase your revenue, but you may not be in a position to spend a small fortune on one. But did you know, they don’t have to be a major investment? (Check out 3 Myths about OEE Tracking System Costs for more on this).
That’s where Amper comes in. Our solution is the most affordable system on the market. Why? There are no complex, lengthy integrations to deal with. You can self-deploy our equipment in under 15 minutes on any machine.
For most customers, it only takes an afternoon to fully install—and then start reaping the benefits. Amper Customer Success Managers help you get up to speed and maximize the system.
Most of our customers see an overall utilization improvement anywhere between 2-10%. Generally speaking, customers see their Amper system pay for itself in about two months.
Imagine what a better place you could be in in two short months.
When it comes to increasing revenue in manufacturing, even now, Amper can help. To see how our real-time OEE tracking system can help you turn things around, request a no-pressure demo.