{"id":6770,"date":"2020-11-10T09:34:06","date_gmt":"2020-11-10T09:34:06","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=6770"},"modified":"2022-12-19T11:16:02","modified_gmt":"2022-12-19T11:16:02","slug":"advanced-manufacturing","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/","title":{"rendered":"Advanced Manufacturing \u2013 Solutions That Are Transforming the Industry"},"content":{"rendered":"\n<p>Advanced manufacturing is on its way to transform the\nindustry. And there are solutions in place already that could help even small\nmanufacturers keep up in the rapidly changing business environments.<\/p>\n\n\n\n<!--more-->\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"854\" height=\"432\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-1.jpg\" alt=\"advanced-manufacturing\" class=\"wp-image-6796\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-1.jpg 854w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-1-300x152.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-1-768x388.jpg 768w\" sizes=\"auto, (max-width: 854px) 100vw, 854px\" \/><\/figure>\n\n\n\n<p><em>You can also listen to this article:<\/em><\/p>\n\n\n\n<iframe loading=\"lazy\" title=\"Advanced Manufacturing \u2013 Solutions That Are Transforming the Industry\" allowtransparency=\"true\" height=\"150\" width=\"100%\" style=\"border: none; min-width: min(100%, 430px);\" scrolling=\"no\" data-name=\"pb-iframe-player\" src=\"https:\/\/www.podbean.com\/player-v2\/?i=eteza-f6d5e8-pb&amp;from=pb6admin&amp;download=1&amp;share=1&amp;download=1&amp;rtl=0&amp;fonts=Arial&amp;skin=1&amp;btn-skin=3\"><\/iframe>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #343333;color:#343333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #343333;color:#343333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#What_is_Advanced_Manufacturing\" >What is Advanced Manufacturing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Advanced_Manufacturing_solutions\" >Advanced Manufacturing solutions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Manufacturing_data_management\" >Manufacturing data management<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Software_of_the_digital_revolution\" >Software of the digital revolution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Modern_manufacturing_software\" >Modern manufacturing software<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Study_confirms_benefits_of_manufacturing_ERP\" >Study confirms benefits of manufacturing ERP<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Advanced_analytics\" >Advanced analytics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Artificial_intelligence_and_machine_learning\" >Artificial intelligence and machine learning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Industrial_IoT_robotics_and_automation\" >Industrial IoT, robotics, and automation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Virtual_manufacturing\" >Virtual manufacturing<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.mrpeasy.com\/blog\/advanced-manufacturing\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Advanced_Manufacturing\"><\/span>What is Advanced Manufacturing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Advanced manufacturing is the use of new, innovative\ntechnologies and processes to improve production efficiency and become more\ncompetitive in the market.<\/p>\n\n\n\n<p>While traditional manufacturing relies on rigid dedicated production lines and industry-specific variations of proven techniques, advanced manufacturing utilizes innovations in IT, automation, sensor networking, materials science, etc. to achieve data-driven, intelligent, more economically and ecologically viable production.<\/p>\n\n\n\n<p><a href=\"https:\/\/www2.deloitte.com\/content\/dam\/insights\/us\/articles\/6276_2019-Deloitte-and-MAPI-Smart-Factory-Study\/DI_2019-Deloitte-and-MAPI-Smart-Factory-Study.pdf\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">According to Deloitte<\/a>, 83% of manufacturers today believe that by 2025, production will be transformed by these initiatives.<\/p>\n\n\n\n<p>With corresponding policies and taskforces created on the highest levels of government both in the United States as well as <a aria-label=\" (opens in a new tab)\" href=\"https:\/\/ec.europa.eu\/growth\/tools-databases\/regional-innovation-monitor\/link\/european-task-force-advanced-manufacturing\" target=\"_blank\" rel=\"noreferrer noopener\">in the European Union<\/a>, advanced manufacturing has come a long way from being a buzzword used liberally by anyone with a vague understanding of the subject.<\/p>\n\n\n<div class=\"banner-v2\">\n    <p class=\"banner-v2__desc\">Start your advanced manufacturing journey with MRPeasy<\/p>\n    <a class=\"banner-v2__link\" href=\"https:\/\/www.mrpeasy.com\/sign-up\/\" target=\"_blank\" data-ga-event=\"blog_signup_banner_blue\">Try for free<\/a>\n<\/div>\t\t<style>.banner-v2 {\n    float: right;\n    display: flex;\n    flex-direction: column;\n    justify-content: center;\n    align-items: center;\n    padding: 40px 32px;\n    gap: 16px;\n    width: 356px;\n    height: 205px;\n    background: linear-gradient(199.68deg, #6084E5 13.17%, #5FA7DD 82.1%);\n    border-radius: 4px;\n    margin-left: 12px;\n    margin-bottom: 12px;\n    margin-top: 15px;\n}\n\n@media (max-width: 767.98px) {\n    .banner-v2 {\n         width: 100%;\n         height: 173px;\n         margin-bottom: 0;\n         margin-left: 0;\n    }\n}\n\n.single__content p.banner-v2__desc {\n    margin: 0 !important;\n}\n\np.banner-v2__desc {\n    width: 292px;\n    font-style: normal;\n    font-weight: 700;\n    font-size: 22px;\n    line-height: 29px !important;\n    text-align: center;\n    color: #FFFFFF;\n    margin: 0 !important;\n    order: 0 !important;\n}\n\n.single__content a.banner-v2__link {\n    color: #FFFFFF !important;\n}\n\n.single__content a.banner-v2__link:hover {\n    color: #003557 !important;\n}\n\na.banner-v2__link {\n    display: flex;\n    justify-content: center;\n    align-items: center;\n    width: 181px;\n    height: 51px;\n    padding: 18px 0;\n    border-radius: 4px;\n    background: #003557;\n    font-weight: 700;\n    font-size: 16px;\n    color: #FFFFFF !important;\n    text-decoration: none !important;\n    order: 1 !important;\n}\n\n.banner-v2__link:hover {\n    background: white;\n    color: #003557 !important;\n}<\/style>\n\t\t\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advanced_Manufacturing_solutions\"><\/span>Advanced Manufacturing solutions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are different categories of solutions that fall under\nthe larger umbrella of advanced manufacturing.<\/p>\n\n\n\n<p>While some of them are truly cutting-edge, there are also\nsolutions that have been around for decades but are only now slowly entering\nthe mainstream as they are becoming more developed and affordable to even small\nbusinesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manufacturing_data_management\"><\/span>Manufacturing data management<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Many companies already use digital solutions to streamline manufacturing operations by planning and scheduling processes, collecting and analyzing data, and improving communications.<\/p>\n\n\n\n<p>Even though these solutions have been on the market for many decades already, they have been unavailable for the smaller players.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Software_of_the_digital_revolution\"><\/span>Software of the digital revolution<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>ERP, MRP, CRM, SCM, WMS, MES, even Excel \u2013 all these software solutions have their roots in the digital revolution of the second half of the previous century.<\/p>\n\n\n\n<p>Although they have been around for a long time, they have\nbeen unavailable for most manufacturing businesses due to their high licensing\nand implementation costs.<\/p>\n\n\n\n<p>They were also designed to be used by specific departments (CRM by salespeople, WMS by inventory managers, accounting software by finance, etc.), so they were limited in their functionality to only that single area.<\/p>\n\n\n\n<p>Even when these single-department software were developed further to include features for other parts of the manufacturing business, such as <a href=\"https:\/\/www.mrpeasy.com\/production-planning\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"production planning (opens in a new tab)\">production planning<\/a> or <a rel=\"noreferrer noopener\" aria-label=\"maintenance management (opens in a new tab)\" href=\"https:\/\/www.mrpeasy.com\/blog\/maintenance-management\/\" target=\"_blank\">maintenance management<\/a>, they remained essentially unbalanced.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-spreadsheet.jpg\" alt=\"accounting-spreadsheet\" class=\"wp-image-6781\" width=\"495\" height=\"249\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-spreadsheet.jpg 990w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-spreadsheet-300x151.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-spreadsheet-768x386.jpg 768w\" sizes=\"auto, (max-width: 495px) 100vw, 495px\" \/><figcaption><strong>Spreadsheets or accounting software are not a good way to plan production.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Modern_manufacturing_software\"><\/span>Modern manufacturing software<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>With the last decade, however, there has been a massive\nshift toward affordable, easy-to-use software that integrates all the different\nfunctionalities previously offered by standalone programs and offers\nmanufacturers an all-in-one solution.<\/p>\n\n\n\n<p>MRP systems or manufacturing ERPs are software that act as\nan underlying infrastructure of a manufacturing business.<\/p>\n\n\n\n<p>Other than allowing manufacturers to plan and schedule their production processes and material needs, a modern <a href=\"https:\/\/www.mrpeasy.com\/mrp-system\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"MRP system (opens in a new tab)\">MRP system<\/a> has the capabilities to manage each aspect of a manufacturing business, from sales to procurement, from finances to maintenance, and so forth.<\/p>\n\n\n\n<p>In addition, an MRP system collects vast amounts of data from each of the departments and helps to translate it into insights.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" aria-label=\"Cloud-based MRP software (opens in a new tab)\" href=\"https:\/\/www.mrpeasy.com\/\" target=\"_blank\">Cloud-based MRP software<\/a> can be accessed remotely and thus has the ability to connect all of the departments at all times, however remote they might be, making the exchange of information between them instantaneous while automating many processes.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Study_confirms_benefits_of_manufacturing_ERP\"><\/span>Study confirms benefits of manufacturing ERP<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In fact, an ERP implementation study conducted among 315 manufacturers and distributors in November 2018 by Mint Jutras consulting firm produced the following results:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>40% of the respondents reported reduced IT costs<\/li><li>38% reported reduced inventory levels<\/li><li>35% reported reduced cycle time<\/li><li>32% reported reduced headcount dedicated to manual data entry<\/li><li>31% reported increased production capacity without added headcount or capital investment<\/li><li>22% reported revenue growth without added headcount or capital investment<\/li><li>51% reported improved data accessibility\/availability<\/li><li>40% reported improved inventory accuracy<\/li><li>34% reported improved internal collaboration\/interaction<\/li><li>28% reported improved OTIF delivery<\/li><li>23% reported improved external collaboration\/interaction<\/li><li>23% reported improved product quality<\/li><li>21% reported increased trust in data<\/li><li>19% reported improved customer satisfaction<\/li><li>17% reported improved employee engagement<\/li><\/ul>\n\n\n\n<p>This is a massive amount of benefits.<\/p>\n\n\n\n<p>Furthermore, the fact that all these improvements were\nattained by a large margin of surveyed companies is testimony to each of them\nbeing attainable if an MRP system is properly implemented.<\/p>\n\n\n\n<p>Only 1 respondent out of the 315 deemed their implementation\na failure.<\/p>\n\n\n<div class=\"banner-v1\">\n    <div class=\"banner__text\">\n        <div class=\"banner-v1__title\">Drastically improve your production efficiency<\/div>\n        <div class=\"banner-v1__desc\">MRPeasy users report a 54% average improvement in their company&#8217;s overall performance.<\/div>\n        <div><a class=\"banner-v1__link\" href=\"https:\/\/www.mrpeasy.com\/sign-up\/\" target=\"_blank\" data-ga-event=\"blog_signup_banner_white\">Try for free<\/a><\/div>\n    <\/div>\n    <div class=\"banner__img\">\n        <img decoding=\"async\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/themes\/mrpeasy\/assets\/images\/banner.svg\" alt=\"banner\">\n    <\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advanced_analytics\"><\/span>Advanced analytics<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With the data management capabilities of an MRP system\nallowing you to collect large amounts of data, you can also use the software to\nstart turning all of that information into business insights.<\/p>\n\n\n\n<p>Finding patterns and translating the data will not only help\nyou detect hiccups in the production process or prevent overstocking your raw\nmaterials.<\/p>\n\n\n\n<p>It can also provide you with key statistics about your business performance and allows for better forecasting and decision-making throughout your whole company \u2013 from customer behavior trends to <a href=\"https:\/\/www.mrpeasy.com\/blog\/overall-equipment-effectiveness\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Overall Equipment Effectiveness (opens in a new tab)\">Overall Equipment Effectiveness<\/a>.<\/p>\n\n\n\n<p>This is what modern MRP systems are gradually moving toward \u2013 to becoming data powerhouses that not only collect and do simple processing with the information fed to them but also perform complicated analyses that predict business outcomes and prescribe necessary steps.<\/p>\n\n\n\n<p><em>Also read about <a href=\"https:\/\/www.mrpeasy.com\/blog\/demand-forecasting\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"What is Demand Forecasting and What Can MRP Software Do With It? (opens in a new tab)\">What is Demand Forecasting and What Can MRP Software Do With It?<\/a><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Artificial_intelligence_and_machine_learning\"><\/span>Artificial intelligence and machine learning<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>AI and machine learning could be some of the more transformative\nconcepts of our era, and they are already employed in manufacturing on a\nnoticeable scale.<\/p>\n\n\n\n<p>Although AI is not an entirely new field of technology,\nrecent developments like cloud computing, big data, and machine learning have\npaved the way for it to enter the world at large.<\/p>\n\n\n\n<p>If the appropriate infrastructure is in place that would\nallow for collecting data from different departments of a manufacturing\nbusiness on a mass scale, AI could be utilized to make real-time data-driven\ndecisions.<\/p>\n\n\n\n<p>For example, data could be sent in from the production line\nthat would help AI to calculate and predict cycle time with different\nvariables, which would in turn allow for more accurate planning and scheduling.<\/p>\n\n\n\n<p>With the help of sensors, AI could be used to spot inconsistencies either in the quality of the products or in the condition of the production equipment.<\/p>\n\n\n\n<p>In procurement, AI could be used for highly accurate demand\nforecasts and predictive ordering while sales teams could benefit from its\nanalytical capabilities to assess opportunity.<\/p>\n\n\n\n<p>But that is only the tip of the iceberg.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.accenture.com\/t20170620T055506__w__\/us-en\/_acnmedia\/Accenture\/next-gen-5\/insight-ai-industry-growth\/pdf\/Accenture-AI-Industry-Growth-Full-Report.pdf?la=en\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Accenture estimates<\/a> that AI has the potential to grow profits in the manufacturing industry by a whopping 39% of the predicted baseline in 2035.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-robotics-e1605000615546.jpg\" alt=\"advanced-manufacturing-robotics\" class=\"wp-image-6775\" width=\"496\" height=\"235\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-robotics-e1605000615546.jpg 991w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-robotics-e1605000615546-300x142.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/advanced-manufacturing-robotics-e1605000615546-768x364.jpg 768w\" sizes=\"auto, (max-width: 496px) 100vw, 496px\" \/><figcaption><strong>AI-led robotics is not a sci-fi concept anymore &#8211; it is already a reality.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Industrial_IoT_robotics_and_automation\"><\/span>Industrial IoT, robotics, and automation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Industrial Internet of Things comprises interconnected sensors, production equipment, and other devices used in manufacturing.<\/p>\n\n\n\n<p>IoT solutions could be used for remote monitoring and\noperations, i.e. keeping an eye on and guiding machinery, but also for\nequipment interaction that would allow for autonomous machinery to create a\nworkflow and prevent accidents.<\/p>\n\n\n\n<p>Cooperation between human and machine is already possible on\na more intimate level, too, with wearable IoT-aided gloves and exoskeletons providing\nworkers with extra safety and strength.<\/p>\n\n\n\n<p>Apart from helping conduct the actual production processes,\nIoT is an invaluable source of data that could be used to make your production\nprocesses more efficient and safe.<\/p>\n\n\n\n<p>By 2019, <a href=\"https:\/\/www.statista.com\/statistics\/264084\/worldwide-sales-of-industrial-robots\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">the annual sale of industrial robots had tripled<\/a> compared to ten years before.<\/p>\n\n\n\n<p>As we are still only on the verge of the era of smart\nfactories, the growth of the importance of IoT and automation will undoubtedly\naccelerate going forth.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Virtual_manufacturing\"><\/span>Virtual manufacturing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Virtual manufacturing utilizes augmented or virtual reality to model, simulate, and optimize production processes and products.<\/p>\n\n\n\n<p>Using Integrated Computational Materials Engineering (ICME),\nproduct engineers can create a virtual product model and simulate its\nperformance in various conditions before taking it into real-life production.<\/p>\n\n\n\n<p>Virtual manufacturing also allows engineers to create simulations of manufacturing processes, which can be immensely helpful to iron out inefficiencies and create a streamlined production cycle.<\/p>\n\n\n\n<p>Furthermore, augmented reality can aid in studying the processes and performing maintenance for the production equipment.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/augmented-reality-maintenance.jpg\" alt=\"augmented-reality-maintenance\" class=\"wp-image-6794\" width=\"500\" height=\"251\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/augmented-reality-maintenance.jpg 1000w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/augmented-reality-maintenance-300x151.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/11\/augmented-reality-maintenance-768x386.jpg 768w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><figcaption><strong>Augmented reality can also aid in process visualization and performing maintenance.<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Advanced manufacturing is not a trend or a buzzword that\nwill fade away in five years, neither is it merely an umbrella term for\nindividual innovative solutions.<\/p>\n\n\n\n<p>Instead, it is a phenomenon that will only start to grow\nrapidly in the near future, ushering in the age of remotely managed smart\nfactories that will employ all the advanced manufacturing technologies, each\ncomplementing and perfecting the other.<\/p>\n\n\n\n<p>Because you cannot utilize AI without having the capability\nto collect massive amounts of data.<\/p>\n\n\n\n<p>You cannot take full advantage of robotics and automation if\nyou do not have an AI system guiding the robots.<\/p>\n\n\n\n<p>And the first step manufacturers should take would be to start creating an infrastructure for their advanced manufacturing initiative.<\/p>\n\n\n\n<p><em>You may also like: <\/em><a rel=\"noreferrer noopener\" aria-label=\"What Are the Challenges in Manufacturing and How to Face Them? (opens in a new tab)\" href=\"https:\/\/www.mrpeasy.com\/blog\/challenges-in-manufacturing\/\" target=\"_blank\"><em>What Are the Challenges in Manufacturing and How to Face Them?<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advanced manufacturing is on its way to transform the industry. And there are solutions in place already that could help even small manufacturers keep up in the rapidly changing business environments.<\/p>\n","protected":false},"author":7,"featured_media":6796,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,94],"tags":[418,412,173,413,227,417,209,48,416,107,419,32,415,66,229,414],"class_list":["post-6770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-choosing-a-software","category-tips","tag-advanced-analytics","tag-advanced-manufacturing","tag-ai","tag-artificial-intelligence","tag-automation","tag-data-management","tag-erp-implementation","tag-erp-software","tag-erp-study","tag-iot","tag-machine-learning","tag-mrp-software","tag-mrp-study","tag-mrpeasy","tag-robots","tag-virtual-manufacturing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Advanced Manufacturing \u2013 Solutions That Are Transforming the Industry<\/title>\n<meta name=\"description\" content=\"Advanced manufacturing is on its way to transform the industry. 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