If there is one sector that has been enormously benefitted by the artificial intelligence it will be the manufacturing sector. The manufacturers have always faced mounting pressure to decrease cost while continuing to deliver high-quality products and services. The top manufacturers are taking a proactive approach to streamlining operations. The companies that are making extensive use of AI in the manufacturing sector are reaping the benefits of improved efficiency, decreased downtime while increasing customer satisfaction, which adds to their bottom line.
Here is how artificial intelligence in the manufacturing sector is revolutionizing the manufacturing sector.
Predictive maintenance
The ongoing maintenance of machinery is a huge expense for manufacturers and the shift from reactive to predictive maintenance has become a must for all the manufacturers. If sensors are embedded in manufacturing equipment then alerts can be generated on a real-time basis for required maintenance. AI-enabled tools will predict when the equipment is due for maintenance on more actual condition basis.
Optimization of supply chain
The supply chain is the backbone of the manufacturing industry. By taking a variety of parameters into account like location, weather patterns, and socio-economic conditions, AI algorithms can forecast market demand accurately that helps companies optimize their go-to-market strategies well in advance. AI is helping reduce cost by reducing transportation cost, warehouse management, reducing pilferage and efficient supply chain administration.
Generative design
Generative design is a process where designers can now input various parameters like material types, available production methods, budget limitations, and time constraints into an AI algorithm referred to as generative design software to get a list of possible configurations. The main advantage of generative design is that it eliminates human bias and tests design options in a variety of manufacturing scenarios to ensure that performance demands are met adequately.
Inventory management
Most of the supply chains struggle to face modern challenges of globalization, volatile demand and increasingly differentiated, personalized and complex products. There is a huge challenge of balancing customer service levels while keeping inventories in check. The overstocking of inventories results in huge costs to the company. The AI provides an intelligent inventory optimization solution that automatically adjusts inventory levels to accurately meet changing customer demands. It thereby frees up capital, improves service levels, reduces costs and increases inventory turnover.
Increased safety
AI automates risky activities thus helping in safety. Powering robots with AI and processing real-time data, risky jobs can be handled with minimum impact. These boys can navigate in unsafe environments like hazardous materials, welding, boilers, furnaces, die castings, etc. while collecting, tracking, transmitting and analyzing data at a precision level not done by any of the existing systems.
The ai in the manufacturing sector also helps in asset management and helps to create a hybrid workforce where a man and a machine can work together.
There are tremendous Scopes and the benefits of using AI in manufacturing. So as the manufacturers you need to act smart and adopt AI technology to take all these advantages. By doing so, you will be able to see a dramatic improvement in your businesses.
