Varie
High Mix-Low Volume Components Demand Boosting Flexible Manufacturing System
"Implementation of FMS has created a positive impact on both productivity and quality due to factors such as increased accuracy, increased consistency, reduction in human error, and more," said Vignesh Premkumar , Research Analyst at Beroe. "The increased automation and flexibility in implementing FMS have a direct impact on reduced production lead time. This also results in an improvement in the quality of the product, which subsequently leads to enhanced accuracy."
The need for reduced operational costs and downtime during the setting up of tools, along with agile production in industries such as medical, aerospace, are providing extensive support for FMS. Further, the need to produce high customization-high mix parts/ components at reduced lead times and lower costs have caused a growth in demand for FMS. It helps manufacturing components industries to be competitive.
Some of the challenges in FMS adoption are in the planning phase, which is considered the most critical stage in FMS.
Some of the areas where FMS are preferred include batch production of components or parts, automated material handling, inspection, storage, or retrieval systems.
Adoption of FMS is increasingly seen in automotive industries, especially in luxury car OEMs, due to the large number of variants produced by companies for a particular brand. Notable trends in FMS implementation are the use of robots and automated guided vehicles in storage or retrieval systems. The use of big data and the Internet of Things (IoT) by companies in distribution for an efficient operation has also supported the growth of FMS. Increased efficiency and zero error were achieved thanks to the use of Big data and IoT in the process of implementing FMS. Forging, machining, metal fabrication, surface treatment, and other processes are becoming automated and interconnected with FMS implementation.
"FMS has come a long way since the concept was first developed by Jerome H. Lemelson in the 1950s, said Vignesh Premkumar , Research Analyst at Beroe. "The demand for FMS is being driven by the need for manufacturing industries to attain cost, operational efficiencies and support the concept of Industry 4.0. And this trend will only deepen in the coming years."
For more such market insights, procurement intelligence, supplier analysis, price, and cost benchmarking, please log on to Beroe LiVE.Ai: https://www.beroeinc.com/beroe-live-ai/
Beroe is the world's leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions — leading to lower costs, greater profits, and reduced risk. Beroe has been providing these services for more than 15 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies. For more information about Beroe Inc., please visit https://www.beroeinc.com/ .
:
Debobrata Hembram
debobrata.hembram@beroe-inc.com
Logo: https://mma.prnewswire.com/media/777512/Beroe_Logo.jpg