FactoryEye Value and ROI Calculator

FactoryEye reduces downtime using the following:

• Machine anomaly detection helps you detect trends that indicate potential machine failure.
• Predictive maintenance results in both less maintenance time compared to using a scheduled maintenance approach and eliminates, or greatly reduces, unexpected outages due to machine failures.
• Alerts and notifications give you real-time information on machine failure - or is about to fail - thus reducing the downtime duration or preventing the failure.
• Human error is reduced by ensuring access to updated information and digitalized SOPs and traceability regarding which employees need more training.
• Integrating systems such as PLM, MES and CRM ensures that full and accurate information is received and production lines are not idling while information is clarified.

FactoryEye improves cycle time by:

• Providing detailed and contextualized microstops information allowing you to identify when these occur and eliminate them.
• Analyzing the machine speed and quality trade-off to optimize speeds.
• Identifying and eliminating the source of any quality problems in the production line - allowing for faster production

FactoryEye saves labor time by:

• Speeding up machines and reducing downtime
• Improving first-pass yield
• Simplifying accessing and entering data
• Reducing maintenance planning
• Automating reports
• Ongoing IT team savings with a cloud service

FactoryEye facilitates overall quality improvements - both within the factory and ensuring that the goods sold are less likely to have quality problems:

• Improved visibility into processes
• More streamlined quality checks
• Immediate responses (Alerts and notifications) result in fewer rejects

FactoryEye helps save electricity by enabling more efficient machines & processes that save electricity:

• Visibility and reacting to machines in operation but not being used
• Visibility into machines not running at correct speeds
• Non-optimally serviced machines
• Less time spent on re-producing of faulty parts

FactoryEye lowers inventory holding costs with:

• Faster turnaround times (via reduced downtime and more efficient processes)
  • helps reduce the amount of finished goods inventory you need to hold
• Ability to adjust your production levels more quickly in response to changes in demand
  • enables smaller and more frequent production batches more frequently
  • this reduces the amount of work-in-progress (WIP) inventory you need to hold
  • which saves storage costs and lowers your cost of capital.
• Better forecasting & and visibility into what is needed
• Shorter production lead times

FactoryEye saves on logistic savings with:

• Accurate commitments based on an accurate understanding of capacity and better planning
• Better supply chain visibility
• Ability to detect and react faster to exceptions
• Shorter lead times
• Improved forecasting
• Reduced quality issues
• Reduced production variability/downtime

FactoryEye enables capital savings as:

• Longer machine lifespan can be achieved by better maintenance methods, which translates to delayed or less frequent machine replacement
• Working more efficiently may save the need to purchase additional machines to achieve greater production output

FactoryEye's secure mechanisms very significantly reduce the chance of a data security event and provides savings in ongoing IT costs. 

FactoryEye improves job satisfaction by providing modern digital tools that promotes:

• Better cooperation creates a better work culture more pleasant place to work
• Smoother workflows which reduce the stress levels
• Upskills and learning opportunity