The advent of technology and its application in advanced analytics has brought about a paradigm shift in manufacturing. Technology has become reliable for consistently achieving value creation and process efficiency goals. Manufacturing companies are embracing technology across all facets of their operations, from forecasting and planning to resourcing, utilisation, operations management, cash flow operations and execution excellence. This widespread adoption of technology has led to remarkable breakthroughs in the industry, including the concept of autonomation, which combines intelligent automation with a human touch.
Technology plays a crucial role in the application of lean manufacturing principles. Lean concepts revolve around increasing value by reducing waste, increasing uniformity and avoiding fatigue. To effectively implement poor practices, a comprehensive study of all activities involved in the manufacturing process is required, distinguishing between value-adding and non-value-adding tasks.
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