The Impact of Coronavirus on Electronic Manufacturing

Article | June 29, 2020

The machine and equipment builder (OEM) market is highly competitive, with expectations of ongoing price/ performance improvements in each generation. Customers are recognizing the need for machines that are connected, flexible, scalable, and smart, to support the ongoing Industry 4.0 revolution that is combining physical operations with digital technology and big data to create a more holistic ecosystem. There is a constant tension between incorporating these technology improvements while also keeping costs in line across design, engineering, and product management.

Article | July 13, 2020

When you combine all of today’s concerns for manufacturers with the economy, the effects of the pandemic and the US-Chine trade tensions, it’s a critical time for your maintenance operations. And you’re the critical piece to helping ensure you can operate efficiently and profitably. A good place to start is to look at the top profit killers that could be plaguing manufacturing organization and start on a path of improvement to boost your profit, workflow and organizational success.

Future Of Manufacturing

Article | December 23, 2021

Every manufacturing company aims to be as efficient as possible to maximize profit. However, it's difficult to determine where you stand and what targets to establish unless you can precisely measure your efficiency. Manufacturing KPIsplay an important role in this process. Keeping track of many indicators without considering their commercial worth is a waste of time. “Not everything that can be counted counts and not everything that counts can be counted” - Albert Einstein But connecting goals to measurements is a certain way to track progress and improve processes. So let's get started with how to choose the most appropriate key performance indicators(KPIs) for your business. Manufacturing KPI 2022: How to Choose the Right One? Why are KPIs called “Key” Performance Indicators? While any statistic can be used to assess performance, KPIs are the most critical. Hence they are called key performance indicators. Companies' priorities while selecting their company KPIs may differ substantially depending on the industry in which they operate. “Strategic-operational KPIs alignment gives the organization a powerful tool to use when implementing change.” ― Pearl Zhu A corporation should not track more than ten manufacturing KPIs to avoid overblowing processes. So, manufacturing efficiency, customer satisfaction, lead times, etc., should all be included. Depending on your business nature, you must select your KPIs. However, each of those indicators must meet a set of criteria before being considered meaningful. So, what is a decent KPI for manufacturing? It gives objective and clear data on progress toward a certain goal It measures efficiency, quality, punctuality, and performance It allows for tracking performance over time It helps in decision making It should be the one that matches the company's long-term objectives It has to be measurable and quantifiable It must be realistic and actionable Following that, let's have a look at the most important manufacturing KPIs for 2022, which will assist you in better understanding your manufacturing business and formulating a growth strategy in line with that understanding. Most Critical Manufacturing KPIs in Order of Priority Despite the fact that manufacturers should also monitor general key performance indicators (KPIs) such as sales revenue, net profit margin, and so on, the manufacturing business demands the tracking of specific manufacturing metrics. Below are some of the most important manufacturing key performance indicators (KPIs). Work-in-process Using this manufacturing KPI metric, you can see how much value there is in products still in progress. It assists manufacturing organizations in determining how much of their working capital is locked up in incomplete products and can aid in identifying supply chain managementdifficulties. You can compute the Work-In-Progress (WIP) by using the formula provided below. Return on Assets This manufacturing KPIseems to be more about financing than manufacturing. Yes, it does. However, financial measurements are just as vital as production ones. A firm cannot exist unless it generates revenue, and this indicator measures how efficiently your company uses its assets and generates revenues. The Return on Assets (ROA) of your company can be calculated using the formula below. Cost Per Unit It is critical to understand the overall manufacturing cost per unit. You can't appropriately price a product without it. This manufacturing KPIdivides total manufacturing costs by the number of units produced. Materials, overhead, depreciation, and labor are standard costs. Demand Forecasting Companies utilize this manufacturing statisticto forecast future raw material needs to satisfy client demand. Unfortunately, this statistic is more challenging to employ because it is mainly dependent on unpredictable external circumstances. The basic formula is: Where: The seasonal factors are distinct Average demand is calculated as: Lead Time A company's lead time, also known as order cycle time, is an important KPI. It shows how swiftly your organization processes orders and meets client requests. It is time it takes to complete an order from confirmation to delivery. Long lead times can imply process inefficiencies that produce bottlenecks and excessive expenses. Conversely, short lead times are important since they allow you to respond to consumer needs swiftly and efficiently. The total lead time can be divided into smaller segments as follows: The time it takes to manufacture a product from start to finish The time it takes to deliver a product from stockto a client The time it takes suppliers to deliver products to manufacturers By segmenting the lead time, you may more precisely identify the areas where inefficiencies in the process occur. Toyota’s Four Key Performance Metrics As a company, Toyota places a high focus on environmental protection. Toyota's vehicles are designed to use less fuel and produce less waste. Regardless of the company's size, Toyota is committed to protecting the environment. Toyota's 'Earth Charter' was created in 1992 as part of the company's Global Policy initiative. It was Toyota's first overseas facility and the UK's first ISO14001-certified car manufacturer. Waterborne paints were utilized for the first time and zero waste was sent to landfills. In 2009, Toyota Manufacturing UK did not use any incinerators. Toyota has developed a set of key performance indicators (KPIs) for each of its major production areas. There are four key performance metrics: energy, water, waste, and volatile organic compounds (VOCs). Since its start in 1992, Toyota Manufacturing UK has attempted to mitigate its environmental impact. The figure below illustrates the environmental KPIsfor the Burnaston plant. Each year, Toyota sets new goals to improve its results. 79% reduction in vehicle energy consumption 62% reduction in waste per car 76% reduction in VOC emissions per car 79% reduction in water consumption per vehicle Final Words You can use the aforementioned manufacturing KPIsto construct your manufacturing KPI template, but keep in mind that the manufacturing metricsyou need to track may differ from those listed here. The first prudent move any business can make while examining its operation is to identify and track the relevant KPIs. Also, in manufacturing, there are several different KPIs, phrases, and abbreviations need to be understood and used where it makes the most sense. FAQ What is manufacturing KPI? A manufacturing Key Performance Indicator (KPI) or metric is a well-defined and measurable indicator that the manufacturing sector uses to evaluate its performance over time and compare it to that of other industries. What are the key KPIs for manufacturers? On-Time Delivery, Production Schedule Attainment, Total Cycle Time, Throughput, Capacity Utilization, and Changeover Time are some of the key manufacturing KPIs.

Digital Transformation

Article | March 28, 2024

Leverage advanced tools from renowned BIM software providers for construction management and engineering excellence. Gain newer levels of precision and efficiency with leading BIM software. Contents 1. Impact of BIM Technology on Architects and Engineers 2. Top BIM Tools for Construction Management 2.1. midas Civil 2.2. BEXEL Manager 2.3. GoRPM 2.4. Kairnial 2.5. Terabase 2.6. WIZZCAD 2.7. PROKON Structural Analysis and Design 2.8. Edificius 2.9. Allplan BIMplus 2.10. GeoHECRAS Solutions Inc 3. BIM Software Trends Shaping Construction Industry 1. Impact of BIM Technology on Architects and Engineers Building Information Modeling (BIM) represents a leap forward in designing complex building systems for engineers. BIM software for civil engineers facilitates a more detailed and accurate representation of structural components, HVAC systems, and other critical engineering aspects. This precision not only aids in the construction phase but also contributes to the building's long-term sustainability and efficiency. Through BIM, architects, structural engineers, and MEP (mechanical, electrical, and plumbing) engineers work concurrently on a single shared model. This synergy not only reduces the risk of errors and inconsistencies but also streamlines revisions and updates, ensuring all team members are always on the same page. Through detailed modeling, architects and engineers can predict and quantify materials, labor, and other costs more accurately, enabling more precise budgeting and cost management. Additionally, the BIM tool for construction management includes features like clash detection, which identifies and resolves conflicts in the design phase, thereby mitigating risks associated with construction errors and omissions. Through simulation tools integrated with the best BIM softwaresolutions, engineers can assess the impact of their designs on energy consumption, environmental sustainability, and occupant comfort, making informed decisions that align with green building principles. The impact of BIM technology on architects and engineers is profound and far-reaching. As BIM for construction continues to evolve, it will undoubtedly lead to more innovative, sustainable, and efficient building designs. 2. Top BIM Tools for Construction Management For harnessing the capabilities of BIM technology, selecting a powerful 3D modeling software is of paramount importance. Our curated list of top BIM software has been chosen to elevate construction management processes and bring innovation and efficiency to engineering projects. From BIM software solutions that streamline project delivery to BIM tools for construction management, the featured software products have been chosen for their proven benefits of BIM in enhancing project visualization, coordination, and execution. 2.1midas Civil MIDAS IT is a prominent player in the realm of civil, structural, and mechanical engineering software development. One of their flagship offerings is midas Civil, a powerful Finite Element Analysis software tailored for bridge analysis and design. Key Features Integrates sophisticated pre- and post-processing functionalities that streamline the modeling and analysis phases, enhancing the workflow efficiency for structural engineers. Quick solver accelerates the process of modeling and analyzing bridges. Parameter modification tools support parametric analysis. Conventional module provides intuitive wizards for quick modeling of both 2D and 3D conventional bridges. 2.2BEXEL Manager BEXEL Manager stands as a pioneering BIM solution, integrating advanced visualization, model management, and collaboration tools to optimize construction project delivery. One of its standout characteristics is its openBIM compatibility, supporting the IFC file format certified by buildingSMART International. This ensures seamless collaboration and data exchange across different software platforms. Key Features Advanced 3D visualization and model data management. Automated clash detection and quantity takeoff. Detailed cost estimation and intelligent scheduling. Comprehensive data analysis and reporting tools for informed decision-making. 2.3GoRPM The GoRPM (Geospatial Real Property Management) Enterprise Software Solution offers a robust platform for real property and facilities management, integrating asset data to generate actionable insights. A significant milestone was reached in November 2018 when R&K Solutions' Enterprise GoRPM Software as a Service achieved the ‘In Process’ status within the US Federal Risk and Authorization Management Program (FedRAMP). Key Features Empowers organizations by facilitating the collection, integration, and analysis of real property. Powerful data integration and business intelligence generation. Featured on the FedRAMP Marketplace for recognized compliance. Streamlines real property management and decision-making processes. 2.4Kairnial Kairnial facilitates project data management and collaboration, offering an integrated platform for managing BIM models, documents, and project communications. This innovative solution provides seamless access to an array of essential resources, all accessible through a suite of fully integrated modules that are compatible with web and mobile devices. Key Features Comprehensive suite for document, BIM management, and progress tracking. Modules for QSHE inspections, defects, and equipment management. Enhances project communication and collaboration across teams. Streamlines operations and decision-making throughout the asset lifecycle. 2.5Terabase Terabase is designed for development project management, fostering collaboration and optimizing project workflows. It stands out for its 3D project optimization and analytics, providing insights for data-driven decision-making. It is dedicated to simplifying the complexities of project development, reducing risks, and helping achieve success by providing a unified platform that fosters collaboration and informed decision-making. Key Features Centralized project data repository with real-time access. Enhanced collaboration tools for team communication. 3D visualization for project optimization and analysis. Technical support and guidance for overcoming project challenges. 2.6WIZZCAD WIZZCAD supports the digital transformation of construction projects through its BIM-native SaaS solution. It focuses on improving project outcomes across the building lifecycle, from design to operation. Its unified collaborative platform serves as the nucleus for managing the intricacies of design, construction, and operation, whether in 2D or 3D. Key Features Digitalization of business processes in design, construction, and operation. Unified collaborative platform for all project stakeholders. Offers tools for managing safety, quality, and environmental standards. Streamlines workflows and enhances project outcomes with digital tools. 2.7PROKON Structural Analysis and Design PROKON offers a suite of over forty specialized programs for structural analysis, design, and detailing. Established in 1989, it has become a trusted name globally for its modular and integrated approach. PROKON has garnered global recognition, serving users across over eighty countries. Key Features Comprehensive suite for structural engineering projects. Modular design with seamless integration among analysis, design, and detailing programs. Promotes accuracy and efficiency in workflow management. Trusted by professionals worldwide for tackling complex structural challenges. 2.8Edificius Edificius provides a versatile solution for architectural design, blending BIM technology with user-friendly tools for rendering and project presentation. It offers a wide range of options for custom Working Drawing layouts and effortless import/export capabilities in standard formats. Key Features Advanced BIM application with real-time rendering capabilities. Tools for landscaping and exterior design, alongside a vast library of resources. Regular updates to align with regulations and technological advancements. Real-time HD rendering and scene photomontage for high-quality presentations. 2.9Allplan BIMplus Allplan BIMplus is a leading open BIM platform, facilitating collaborative work across disciplines in the construction industry. It acts as a centralized hub for managing BIM model data, enhancing project transparency and efficiency. Key Features Centralized management of BIM model data, documents, and tasks. Facilitates cross-disciplinary collaboration and optimizes building lifecycle management. Streamlines communication and project execution among stakeholders. Empowers professionals to manage projects from inception to maintenance. 2.10GeoHECRAS GeoHECRAS accelerates river modeling projects by enhancing the HEC-RAS process with an intuitive 2D/3D interface. It integrates with major CAD and GIS platforms, offering flexibility and efficiency in hydraulic analyses. Key Features User-friendly interface for HEC-RAS model creation and visualization. Interoperability with AutoCAD, MicroStation, and ESRI ArcGIS. Streamlines the analysis of hydraulic structures and floodplain encroachments. Provides comprehensive tools for efficient and accurate water surface profile computations. 3. BIM Software Trends Shaping Construction Industry The adoption rates of BIM are soaring, driven by its proven value in project optimization. A notable uptick in BIM utilization across Europe, as reported by USP’s Architectural Barometer, underscores the growing recognition of BIM's potential to improve project quality, reduce timeframes, and facilitate better clash detection, among other benefits. Here, we delve into the key emerging trends that are setting the stage for the future of BIM, offering insights for decision makers to stay ahead in the AEC industry. Cloud-Based BIM: Cloud technology has revolutionized BIM by enabling real-time collaboration, access, and updates. This advancement facilitates seamless integration of products into BIM models and enhances project management efficiency by ensuring all stakeholders are working with the most current data. The trend toward cloud-based BIM is likely to accelerate, breaking down barriers to collaboration and information sharing within the AEC industry. Prefabrication and BIM: The synergy between prefabrication and BIM is reshaping construction processes, making them faster, more efficient, and less prone to errors. By facilitating the creation of digital models that can be directly integrated into the overall project, BIM is instrumental in streamlining the prefabrication process, from design through to assembly. The Rise of Automation: Automation, powered by AI and robotics, is transforming BIM processes, making them more efficient and less labor-intensive. This trend is about enhancing productivity and improving safety on construction sites, besides enabling more flexible and adaptive production methods. AI and VR: Artificial intelligence (AI) and virtual reality (VR) technologies are revolutionizing the way BIM is utilized for design and project interaction. AI's data processing capabilities, combined with VR's immersive experience, are enhancing visualization, improving design accuracy, and facilitating more effective stakeholder communication. Digital Twins: Digital twins represent a leap forward in how the AEC industry approaches design and simulation. By creating virtual replicas of physical assets, digital twins offer unparalleled insights into the performance and operational dynamics of projects, allowing for preemptive maintenance, optimized performance, and informed decision-making. This trend is poised to redefine the parameters of design excellence and operational efficiency. Blockchain for Enhanced Security: As BIM involves handling vast amounts of sensitive data, security is paramount. Blockchain technology offers a robust solution, ensuring the integrity, traceability, and security of BIM data, thereby mitigating the risk of data breaches and unauthorized access. IoT Integration: The Internet of Things (IoT) is elevating BIM's potential to deliver smarter, more efficient buildings. By embedding IoT security sensors in construction projects, stakeholders can monitor performance in real-time, leading to optimized maintenance schedules, improved energy efficiency, and ultimately, smarter building management. Sustainability: With a growing emphasis on sustainability, BIM is increasingly being used to model energy consumption and evaluate green technology integrations. This trend is critical for designing buildings that are not only efficient but also environmentally responsible, aligning with global sustainability goals. Mandatory BIM Compliance: Governments and regulatory bodies worldwide are increasingly mandating BIM for public projects, recognizing its significant benefits in project management efficiency and overall quality. This shift toward compulsory BIM integration is not solely driven by the aim to harness technological potential but also by a broader objective to enhance national competitiveness and address socio-economic and environmental challenges. For manufacturers and AEC professionals, staying abreast of these mandates is crucial for remaining competitive and meeting market demands effectively. The AEC industry stands at the cusp of a technological renaissance, with BIM at its core. Incorporating the best BIM software can significantly elevate project outcomes. For decision makers, understanding and leveraging these emerging trends is essential for driving innovation, enhancing competitiveness, and delivering projects that meet the shifting demands of the modern construction world.