August's Manufacturing Productivity Bulletin
FourJaw Manufacturing Analytics
Award-winning manufacturing analytics technology that enables factories to maximise machine productivity.
Welcome to the Manufacturing Productivity Bulletin - August Edition.
As the world has just experienced the hottest month since records began it was encouraging to read in Make UK's latest report 'Digitalise to Decarbonise' that Britain’s manufacturers are powering forward in their digital journey towards Net Zero as the sector moves to reduce energy usage and costs, cut greenhouse gas emissions and boost productivity.
The research finds that manufacturing businesses are investing in digital technologies more than ever before and reaping multiple benefits – from productivity increases, product improvements, reduction in waste and labour efficiencies. We've included the key findings and a link to download the report below.?
Staying on the theme of improving things for the better, we've included our latest blog that looks at the role, importance and benefits of implementing Kaizen methodologies within manufacturing.?
Also in this month's productivity bulletin, read what our CEO and Co-founder Chris Iveson had to say when he spoke to Insider Media about factory digitisation and five key things manufacturers should consider when looking to invest in smart technology.
Thanks and Happy Manufacturing,
The FourJaw Manufacturing Analytics Team
NET ZERO INSIGHT
Digitalise to Decarbonise Report
Key findings:
?? Nearly half (47%) of manufacturers have an active plan underway to invest in digital technologies to decarbonise their business.
?? 62% of those who have adopted digital technologies reported energy cost savings
?? Almost half (44%) said digitalisation was their firm’s top productivity improvement driver.
?? A quarter of Britain’s manufacturers stated digitalisation has led to decarbonisation and strengthened their ability to achieve challenging Net Zero targets.
OUR LATEST BLOG
Implementing Kaizen in Manufacturing
As Robert Collier once stated, "Success is the sum of small efforts, repeated day in and day out".
It was true then and it is true now. By recognising that even small improvements can have a significant impact over time, manufacturers can create a culture that embraces change and encourages continuous growth.
Read our latest blog that explores the fundamentals of Kaizen in manufacturing and highlights its significance in achieving sustainable growth and success.
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ELSEWHERE IN THE NEWS
What side of history will you be on?
Last week we came across an interesting article from the BBC that looked at the relationship between technology and productivity.?
The article draws comparisons between the current adoption of technology and revolutions of the past and poses the question... will the 4th Industrial Revolution take as long as Edison's first public use of the light bulb in 1879, to the electrification and the replacement of steam power in manufacturing which took some 40 years?
And as history has taught us, it will be the country and the businesses that can make the best and fastest use of new technology that is going to win the productivity race!
The question is, what side of history will you be on?
MEMBERSHIP NEWS
FourJaw becomes Make UK Defence member
?As an existing Make UK member, we are delighted to announce we've joined Make UK Defence which champion and supports the UK’s innovative and diverse defence manufacturers and the wider defence supply chain.
We look forward to playing our championing productivity improvement and showing what's possible when deploying smart factory technologies.
OUR CEO'S INTERVIEW WITH INSIDER MEDIA
Five things to take into account when considering investing in 'Smart Technology'
The spiralling costs of raw materials and energy prices coupled with issues around recruitment and retention of staff are putting more pressure on manufacturers than ever before. That is why many are turning to ‘smart factory’ technology to help increase productivity, reduce costs and help navigate the challenges and, at the same time, unlock the opportunities that arise.
However, for many manufacturers, starting a factory digitisation project’ brings with it a host of questions. Where do I start? What does good look like? What technology do I need? How do I engage my workforce? Chris spoke to Insider Media to discuss five key points to consider when starting your ‘smart factory’ journey.
That's it for this month, thanks for reading!