{"id":5938,"date":"2022-02-09T18:03:39","date_gmt":"2022-02-09T18:03:39","guid":{"rendered":"https:\/\/vikinganalytics.se\/?p=5938"},"modified":"2023-03-28T09:27:44","modified_gmt":"2023-03-28T09:27:44","slug":"creating-an-asset-monitoring-center-for-small-and-medium-manufacturing-companies","status":"publish","type":"post","link":"https:\/\/www.vikinganalytics.se\/creating-an-asset-monitoring-center-for-small-and-medium-manufacturing-companies\/","title":{"rendered":"Creating an asset monitoring center for small and medium manufacturing companies"},"content":{"rendered":"<p><span data-contrast=\"auto\">The term manufacturing company normally brings to mind images of large industrial plants with thousands of workers. However, small family-owned businesses make up the largest proportion of the sector.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">According to\u00a0<\/span><a href=\"https:\/\/www.amtonline.org\/article\/family-business-in-manufacturing\"><span data-contrast=\"none\">AMT \u2013 The Association for Manufacturing Technology<\/span><\/a><span data-contrast=\"auto\">, 97% of the manufacturing firms in the United States have less than 500 employees, and 73% have less than 20 employees. Similar numbers are also seen in Canada, where\u00a0<\/span><a href=\"https:\/\/www.plant.ca\/features\/family-owned-companies-major-players-in-canadas-economy\/\"><span data-contrast=\"none\">Plant Magazine<\/span><\/a><span data-contrast=\"auto\">\u00a0reports that 60% of all small and medium manufacturing companies (SMMs), including industrial service providers (i.e., OEMs and maintenance companies) are also family-owned. In fact, SMMs play an important role in economies all over the world.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">While the reasons for their success rely directly on the dynamics of being small and family-owned, the same is true for the challenges they face. Michael P. Collins, a manufacturing consultant,\u00a0<\/span><a href=\"https:\/\/www.manufacturing.net\/home\/article\/13055556\/the-family-business\"><span data-contrast=\"none\">explains<\/span><\/a><span data-contrast=\"auto\">\u00a0that one of the main hurdles for SMMs is resource limitation, using the acronym FACTS to summarize it:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">\u201cF \u2013 Fear of making a wrong decision<\/span><\/i><br \/>\n<i><span data-contrast=\"auto\">A \u2013 Limited access to capital<\/span><\/i><br \/>\n<i><span data-contrast=\"auto\">C \u2013 Cash flow problems<\/span><\/i><br \/>\n<i><span data-contrast=\"auto\">T \u2013 Time constraints<\/span><\/i><br \/>\n<i><span data-contrast=\"auto\">S \u2013 Small or no staff\u201d<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Collins also says that small manufacturers are just not smaller versions of large manufacturers, therefore, solutions devised and successfully applied to giant manufacturers cannot simply be offered in a smaller size. In India, a\u00a0<\/span><a href=\"https:\/\/www.livemint.com\/Companies\/UIibiMUOwYvq07k69qZYTK\/Family-businesses-reluctant-to-use-new-manufacturing-technol.html\"><span data-contrast=\"none\">survey<\/span><\/a><span data-contrast=\"auto\">\u00a0showed that family businesses were more reluctant in adopting new manufacturing technologies, citing \u201cnon-availability of trained personnel, incompatibility with the companies\u2019 existing set-up, and limitations of the existing technology\u201d as reasons for it.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">So, in the context of condition monitoring and predictive maintenance, how can these small companies also get the benefits of increased operational equipment efficiency (OEE), as improved uptime and productivity, without losing sight of their particularities?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Easy access to quality hardware<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With the FACTS chart in hand, we already know that buying new machinery to become Industry 4.0 compatible is out of the question, either because of limited access to capital or sensibility to wrong decisions. Fortunately, gone are the times when quality hardware was expensive. As technology becomes widespread and vibration sensors reach a lower price point, almost everyone will have access to decent-quality hardware. The other elements of online condition monitoring ecosystem, like data storage and transmission, are also becoming more accessible.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Open ecosystems for flexibility<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">But the benefits of good hardware to SMMs can be lost if they necessarily come attached to data storage and analytics plans that are either too expensive or oversized to their needs. Software that requires data scientists, or experts in signal processing, or\u00a0that has excess false alarms is simply not going to be used.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">It is now apparent that the preferred solutions are those that enable their vibration specialist (either in-house or a trusted supplier) to answer simple questions: \u201cwhich machines need to be prioritized?\u201d and \u201cwhat should be done with them?\u201d. They also have to be compatible with different models of sensors. We have made a commitment to open ecosystems in Industrial IoT,\u00a0<\/span><a href=\"https:\/\/vikinganalytics.se\/open-ecosystems-are-the-future-of-industrial-iot\/\"><span data-contrast=\"none\">click here to read more about it<\/span><\/a><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Workflow that doesn\u2019t eliminate industrial specialists<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Reliability or maintenance or condition monitoring specialists are an asset for any industrial service company, but SMMs are even more reliant on them. They create long and close relationships with their professionals, in which deep knowledge of the machines and processes are developed. An AI or analytics solution can\u2019t simply propose replacing these specialists. It should instead enable them to optimize their work routine while keeping the diagnostics and the recommendations in their hands.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_35684\" class=\"wp-caption aligncenter\" aria-describedby=\"caption-attachment-35684\"><img decoding=\"async\" class=\"wp-image-35684 size-large\" src=\"https:\/\/vikinganalytics.se\/wp-content\/uploads\/2022\/02\/Asset-21200-1024x724.png\" sizes=\"(max-width: 640px) 100vw, 640px\" srcset=\"https:\/\/vikinganalytics.se\/wp-content\/uploads\/2022\/02\/Asset-21200-1024x724.png 1024w, https:\/\/vikinganalytics.se\/wp-content\/uploads\/2022\/02\/Asset-21200-300x212.png 300w, https:\/\/vikinganalytics.se\/wp-content\/uploads\/2022\/02\/Asset-21200-768x543.png 768w, https:\/\/vikinganalytics.se\/wp-content\/uploads\/2022\/02\/Asset-21200-1536x1086.png 1536w, https:\/\/vikinganalytics.se\/wp-content\/uploads\/2022\/02\/Asset-21200-500x354.png 500w, https:\/\/vikinganalytics.se\/wp-content\/uploads\/2022\/02\/Asset-21200-270x190.png 270w, https:\/\/vikinganalytics.se\/wp-content\/uploads\/2022\/02\/Asset-21200.png 1684w\" alt=\"Workflow for asset monitoring center for small and medium manufacturing companies\" width=\"640\" height=\"453\" \/><figcaption id=\"caption-attachment-35684\" class=\"wp-caption-text\"><em>Workflow for asset monitoring center for small and medium manufacturing companies, from data collection to maintenance decisions.<\/em><\/figcaption><\/figure>\n<p><b><span data-contrast=\"auto\">Keep it simple<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">SMMs\u2019 resources and personnel are mostly dedicated to their core business, and everything else must aim at taking burdens off their backs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Simple management<\/span><\/b><span data-contrast=\"auto\">, so they don\u2019t need to spend time handling different sensor or cloud or software vendors for each part of the system.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Simple deployment<\/span><\/b><span data-contrast=\"auto\">, that unifies data insights, sensor, storage, and analytics in a single offering.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Simple purchase<\/span><\/b><span data-contrast=\"auto\">, with affordable and flexible plans (like leasing or subscription) so SMMs can avoid worrying about high CAPEX or how the new hardware will look in the balance sheet.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Simplicity lowers the adoption barrier and allows these companies to get started with digitalization and setting up their own predictive maintenance center.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">These are the reasons that led us to create a subscription model of MultiViz Vibration, packing together sensors, storage and analytics, for SMMs, including maintenance companies, OEMs and manufacturers.\u00a0<\/span><a href=\"https:\/\/vikinganalytics.se\/vibration-condition-monitoring\/\"><span data-contrast=\"none\">Click here to learn more about it.<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The term manufacturing company normally brings to mind images of large industrial plants with thousands of workers. However, small family-owned businesses make up the largest proportion of the sector.\u00a0 According to\u00a0AMT \u2013 The Association for Manufacturing Technology, 97% of the manufacturing firms in the United States have less than 500 employees, and 73% have less [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":6409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-5938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Creating an asset monitoring center for small and medium manufacturing companies - Viking Analytics - MultiViz AI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vikinganalytics.se\/creating-an-asset-monitoring-center-for-small-and-medium-manufacturing-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Creating an asset monitoring center for small and medium manufacturing companies - Viking Analytics - MultiViz AI\" \/>\n<meta property=\"og:description\" content=\"The term manufacturing company normally brings to mind images of large industrial plants with thousands of workers. However, small family-owned businesses make up the largest proportion of the sector.\u00a0 According to\u00a0AMT \u2013 The Association for Manufacturing Technology, 97% of the manufacturing firms in the United States have less than 500 employees, and 73% have less [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vikinganalytics.se\/creating-an-asset-monitoring-center-for-small-and-medium-manufacturing-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Viking Analytics - MultiViz AI\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-09T18:03:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-28T09:27:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vikinganalytics.se\/wp-content\/uploads\/2019\/04\/Blog_-reating-an-asset-monitoring-center-for-SMMs.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Arash Toyser\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Arash Toyser\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vikinganalytics.se\/creating-an-asset-monitoring-center-for-small-and-medium-manufacturing-companies\/\",\"url\":\"https:\/\/www.vikinganalytics.se\/creating-an-asset-monitoring-center-for-small-and-medium-manufacturing-companies\/\",\"name\":\"Creating an asset monitoring center for small and medium manufacturing companies - 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