- Companies that invest in "smart factory" technology will see a 10% to 12% average increase in metrics including manufacturing output and labor productivity, according to a recent survey of more than 600 manufacturing executives conducted by Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI). The survey looked at the change in various measures at these facilities over the last three years.
- Quality sensing and detecting was the most commonly used smart factory technology, and 87% of respondents are already using or piloting the technology, the survey found.
- The use of quality sensing technologies makes the entire value chain more efficient and can eliminate disruptions, according to Paul Wellener, one of the report's authors and a vice chairman of industrial products and construction at Deloitte. "If 100% of what you're receiving as a manufacturer from your suppliers is good quality product that can be assembled or manufactured into your product, then you've got a relatively smooth supply chain, you don't have disruptions based upon" having to reorder product, Wellener said in an interview with Supply Chain Dive.