August 20, 2013
The Next Generation of Manufacturing Intelligence
The Baby Boomers are retiring, and are slowly handing over the reins to a new generation of manufacturers. But who is this generation of young leaders who will be tasked with ushering in a new era of American production? How will they fare with the challenges that lay ahead in the coming years?
Those who are taking over are being hailed as the millennial generation—a group of people raised on a steady diet of LCD screens, controllers and high speed Internet. This generation has a much different method, and appetite, for digesting data than its predecessors. While the Baby Boomers played an instrumental role bringing us deep into the high speed computer era, they can still be widely glued to antiquated methods of conducting business. This primarily relates to the use of pencil and paper based systems.
But what they do have is knowledge and expertise—and this is going to have to be transferred to a new generation rather quickly.
In America, manufacturing is not slowing down, and so there is little time to waste bridging the knowledge gap that exists between generations. Data collection via paper and pencil, therefore, has to give way to new technology. And as the cost of Chinese labor continues to rise, American companies currently based in China are going to return home to produce their products.
It is being predicted that by the year 2020 the United States will add between two to three million manufacturing jobs—and will reach an annual production output of $100 billion. The following statistics are indicative of expected migration trends for American industries returning home from China:
- Rubber and plastic: 67 percent
- Machinery: 42 percent
- Electronics: 41 percent
- Computers: 40 percent
- Fabricated metal products: 35 percent
To ensure that this projected growth occurs, manufacturing intelligence is going to have to be a priority for executives. And statistical process control (SPC) software such as ProFicient by InfinityQS will be the engine that makes certain this exists. This is because SPC software produces the real-time production data that manufacturing intelligence is based on. It allows executives to observe every aspect of production quality in their plants, at all times, from any location.
For more information on how your organization can facilitate an easy transfer of power while working to ensure that production quality is not compromised, click here.