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Machine Monitoring Costs Less Than You Think

For any business, the process of implementing any new technology can often seem like a costly and time-consuming task. Industry 4.0 and machine monitoring is no exception.

Emerging technologies and existing technological advancements are paving the way for a revolution in the manufacturing industry; but how much does being a part of this revolution cost? Well, that depends on the technology.

Why Bolt-on Solutions Are Less Expensive

Unlike robotics, AI and fully automated factories, machine monitoring is relatively inexpensive. Instead of the intensive and often costly installation of AI and robotics, machine monitoring can be installed with minimal cost and disruption to machine operations. Rather than having to alter or rebuild existing infrastructures, bolt-on monitoring solutions like our ShiftWorx Platform are bolt-on, making them extremely simple to incorporate on the shop-floor.

By installing our hardware without disrupting machine production, we can provide a cost-efficient solution that saves you money and never contributes to machine downtime. By maintaining a low overhead cost, our solutions also experience impressively quick ROI. In fact, one of our clients managed to achieve an additional +160 hours of machine output per month—both saving and making them a lot more money in the process.

Employee Looking at a ScreenWhen manufacturers are asked what their plant utilization rate is, most plant managers give an answer anywhere between 65-75%. In most cases after machine monitoring is implemented, the actual percentage is revealed to be closer to 25-32%. That massive variance illustrates how quickly machine monitoring solutions can help manufacturers save on production costs, helping payoff the system in days rather than months and years. Once switched on, machine monitoring solutions instantly start paying themselves off.

Overall, transitioning to IIoT doesn’t have to break the bank. By piggy-backing off existing infrastructures as opposed to rebuilding them, machine monitoring can be an attainable and inexpensive means of innovating your production process and enhancing your plant’s productivity.

Get a free quote today and find out for yourself how attainable IIoT can be for your organization.

FreePoint Surpasses $40 Million Client Dollars Saved

It is with great pride that we announce FreePoint Technologies has officially saved our clients more than forty million dollars (See the live counter). Providing our clients with better insight into their production processes has enabled them to increase efficiency as well as profitability, resulting in immense cost savings. To commemorate such a massive milestone, we wanted to look back on what got us to this point.

We started FreePoint with a simple idea: to connect people to machines, regardless of age—in order to help manufacturers prosper. In this pursuit, we have pioneered a method of non-invasively installing equipment that gives manufacturers more control over their process. By helping better connect people to their machines, we have done more than just save our clients money. In addition, we have also helped them recover more than eleven million minutes of valuable production time.

We have always been about building connections— between people, as well as machines. As we surpass forty million dollars saved, we want to thank everybody who has connected with us along the way. We could not have reached this milestone without your continued support and commitment.

Fifty million, here we come!

FreePoint Featured in CIO Applications Top 10 Manufacturing Solution Providers

Top 10 Digital Manufacturing Solution Providers 2019

FreePoint Technologies is proud to announce that we have been featured in CIO Applications’ Top 10 Digital Manufacturing Solution Providers.

Our Senior Vice President, John Traynor, sat down with CIO Applications to discuss how FreePoint differentiates itself while addressing the needs of manufacturers and ensuring the security of their data.

Referencing our ShiftWorx Platform, John explained how we “enable operators to monitor machine performance in real time and document any shortcomings with the click of a button or the tap of a screen”, while maintaining a lower cost than most competitors. As the article outlines, the ShiftWorx platform is installed non-invasively and can take as little as 30 minutes to set up, making it easy to retrofit onto any machine, and keeping implementation costs low.

By avoiding physical connections between ShiftWorx and the machines, FreePoint can mitigate the risk of cyber-attacks:

“FreePoint’s non- invasive solution involves using sensors instead of attaching hardware to a programmable logic controller (PLC). The solution does not interfere with machine operations nor is it a vector for cyber-attacks on the machinery.”

Read the article for yourself here to learn more about how FreePoint is helping to revolutionize the manufacturing industry.

4 Ways to Increase Production Capacity (With the Same Headcount)

For many manufacturers, increasing efficiency and production capacity is the primary focus. However, where the challenge really lies is in increasing production capacity without hiring additional staff or purchasing more machines.

Fortunately, manufacturers can leverage industry 4.0 as a driver for growth as well as productivity; with machine monitoring technology, you can unlock the full potential of your factory, and those who operate within it.

Machine monitoring provides a long list of benefits to manufacturers, these benefits result in increased production capacity and increased profitability. For a real world example, a client of ours managed to improve overall efficiency by a 69% in just 1 year – saving roughly $325/day without increasing personnel or machines.

Read below to learn the 4 ways to increase productivity without hiring new employees or procuring new equipment.

Employee Engagement

Employee engagement through machine monitoring is focused on inviting collaboration between management and machine operators. It is not a “big-brother” tactic, quite the opposite actually, by showing employees how their contribution affects the big picture, you help unite management and plant employees working towards the same goals.

Using visualized dashboards, employees can easily see their role in the manufacturing process from a data perspective – which helps them fully realize the value of their contribution. This can even evolve into a “gamified” environment, as employees compete to see who can be most productive. This encourages employees to constantly improve, as they can now view their performance in real-time.

Downtime Narration

Machine monitoring allows for real-time narration of downtime, another way a manufacturer can leverage IIoT to increase production capacity, without increasing headcount. Not only is downtime narration critical for plant managers seeking seamless production, it’s also a strong motivator for employees as well. Obtaining insight into what causes delays allows employees to better understand the impact of any delays in their work station.

It’s important to understand all data is good data. Even unexpected downtime or broken machines can give you valuable insight into your process. With proper real-time narration, managers can identify and mitigate root causes of machine downtime, as well as highlight strong points in the production chain.

Bottleneck Identification

Like we mentioned earlier, machine monitoring provides valuable insight into your manufacturing processes, one of those insights is bottleneck identification. When one process is being delayed due to another person or machines performance, you know exactly where along the workflow the delay is occurring – empowering you to address the problem in real-time, and create fixes to prevent it from happening in the future. By proactively identifying holdups in your process, you are better positioned to make actionable changes to your workflow that will increase both efficiency and productivity.

Maintenance Alerts

Machine monitoring also enables a more proactive approach to machine maintenance. Rather than having to wait for someone to notice a machine is broken, then communicate that to management, you can get real-time alerts as issues arise. That means a significantly faster response time when a machine unexpectedly goes down, and a much quicker fix. It all comes down to maximizing machine uptime, the more value-added time that a machine contributes, the more efficient your plant becomes.

Are you ready to Increase your Production Capacity without Adding more People or Machines?

With FreePoint’s globally deployed solution, manufacturers are seeing near-immediate benefits to their processes. Increased efficiency, mitigated machine downtime, and improved employee engagement are accessible benefits to all those willing to shift into the IIoT world.  Machine monitoring not only helps management make more informed decisions, it also provides real-time visibility into individual contributions and the entire production process overall.

If you’re interested in saving time and money, being proactive about your machine maintenance, and gaining total transparency into your entire production process, you should consider making the transition to industry 4.0.

How Reason Codes Help Reduce Machine Downtime

The worst enemy of any manufacturer is machine downtime. How to control and mitigate downtime is a constant battle for manufacturers trying to increase efficiency and maintain peak production. At FreePoint, through machine monitoring and production tracking technologies, we work with manufacturers to minimize downtime as much as possible, while maximizing machine output.

One of the ways we help manufacturers control their machine downtime is with Reason Codes, the backbone of downtime narration in our ShiftWorx platform. When a machine becomes idle, operators can apply a reason code to categorize that downtime period. Rather than seeing a machine offline for 20 minutes with no explanation, plant managers can see in real-time what the cause of the delay is— and address it. Those small increments of time add up, 10 minutes here or there can be worth over 6 figures in a year.

Using Reason Codes, you can:

  • Diagnose Machine Downtime Causes and Apply Solutions
  • Alert Decision Makers in Real-Time to Plant Floor Issues
  • Identify Machine Maintenance Needs
  • Empower Employees to be Part of the Solution

FreePoint’s ShiftWorx dashboard visualizes machine performance with one-click application of downtime reason codes.

Identify Downtime Causes

With reason codes, employees and managers can easily identify factors impacting machine downtime. Whether the reason is “waiting on materials” or “needs repair”, everybody is made aware of what factors are contributing to delays— valuable data for plant managers seeking to increase efficiency and achieve seamless production in real time. If someone has transparency into delay causes, they are more motivated to solve the cause of the delay. This makes the overall process more efficient and engaging.

Keeping Everyone in the Know

Reason codes also help mitigate machine downtime with real-time alerts. When reduced productivity or machine delays are detected, notifications are sent to all devices connected to our ShiftWorx platform, through SMS or email. Real-time alerts increase response time to problems that impact production—meaning solutions are found faster, and the length as well as the frequency of downtime can be decreased.

Identifying Downtime Patterns

By comparing actual performance to projected performance, you can benchmark productivity against past data to identify opportunities for improvement. A recurring reason code could indicate a machine issue in need of maintenance, or another machine consistently causing delays. Identifying these factors better positions plant managers to rectify them and prevent them from happening in the future.

It is important to understand that all data is good data. Even un-anticipated downtime, machine breakdowns or inefficient scheduling can give you crucial insight into your operation. When machine monitoring hardware works in tandem with data visualization, you can see every performance detail from any machine, regardless of industry or age of machine.

Schedule a demo today and learn what ShiftWorx can do for you!

Why FreePoint’s IIoT Solutions Have Quick ROI

The transition to industry 4.0 can seem daunting at first. How much will it cost? How will it fit my process? How long will training staff take? All common questions we get asked from manufacturers. The most common question we get asked is “how soon can I expect an ROI?”. Luckily, the answer is simple: VERY SOON. In fact, one client of ours managed to save $300 per day as a direct result of our machine monitoring, which allowed the system to pay itself off in less than a month.

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FreePoint and Intellacor Team Up To Reinvigorate US Manufacturing

Using ShiftWorx, Intellacor brings Industry 4.0 to existing factory equipment across the United States

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Increasing Efficiency With FreePoint

About Caldwell

For more +130 years, Caldwell has created quality spring balances for window manufacturers around the world. Their products are everywhere from homes to schools, offices to hotels, even the United Nations Secretariat Building and the Empire State Building.

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