Benefits for Commodity Management Enterprises by Migrating to Cloud

Benefits for Commodity Management Enterprises by Migrating to Cloud

Manufacturing Technology Insights | Tuesday, February 19, 2019

The cloud-based applications have brought drastic changes in almost every industry. According to IDC reports, the annual investment in public cloud infrastructure and services will enjoy an annual leap of 21.9 percent and is expected to reach $227 billion by 2021. The banking sector, discrete manufacturing, and professional services were the biggest spenders on public cloud technology in 2018. LogicMonitor’s survey has predicted the shifting of 83 percent of enterprise workloads to the cloud by 2020. Despite introducing a transformation in the process of using, storing, and sharing data, cloud technology has given birth to different threats of data manipulation and data theft. Due to this threat, numerous companies are reluctant to move to cloud-based solutions.

Commodity management companies have been investing to provide an on-premise solution, the implementation of which is time-consuming. On-premise environment demands maintenance, workforce, and cost commitments. This solution has to be dealt with multiple versions which lead to confusion and complexity, but cloud solutions need almost 46 percent less investment.

Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

Commodity management companies are making a rapid switch to cloud-based CTRM solutions that are throwing on-premise solutions out of the game. The continuous technological advancements in CTRM systems are propelling the companies to adopt it. They have understood that the deployment of cloud-based CTRM can meet the growing need of embracing new technology at a lower expense, and these cloud-based applications do not need any hardware component. Also, the updates are automatic, and the software company installs it. Thus, companies are able to escape the complex process of maintenance. Cloud-based platforms address the question of security seriously by ensuring layered security and providing proper defense against inappropriate behavior.

The cloud-based platforms ensure quick adjustment of capacity to address the changing demands of business. The vendor provides additional capacity allowing the user to be free from making an investment in new servers. The cloud-based solutions are web-based and have open API platforms, making it highly accessible.

More in News

  Industrial mobile robots navigate complex factory environments and perform various tasks with high precision. By minimizing the risk of human error and optimizing operational efficiency, they play a crucial role in industries such as manufacturing, electronics, and the automotive sector. Their ability to operate autonomously and adapt to changing conditions makes them indispensable. Within the manufacturing sector, industrial mobile robots perform several essential functions, including transporting materials, handling delicate components, inspecting products for quality assurance, and assisting with logistics. Equipped with cutting-edge sensors, cameras, and sophisticated navigation software, these robots can also navigate factory spaces autonomously.  Technologies such as LiDAR, GPS, and artificial intelligence (AI) enable them to detect obstacles, plan optimal routes, and make real-time adjustments, making them far more flexible than traditional automated guided vehicles (AGVs). This ability to continuously adapt to changing conditions allows the robots to improve operational flexibility and reduce downtime. The Impact of Industrial Mobile Robots in Industry 4.0 As the technology behind these industrial autonomous mobile robots (AMR) advances, their applications in various industries become increasingly sophisticated, delivering greater flexibility, efficiency, and safety in production. Material Transportation: Unlike traditional fixed transport systems, AMRs autonomously navigate factory floors, making real-time routing decisions and adapting to environmental changes. This enables the seamless movement of components, parts, or finished products between workstations, reducing downtime and improving production flow. AMRs can also perform tasks such as assembling components on the move, streamlining the integration of different production stages and enhancing overall process efficiency. Handling Delicate Parts: Autonomous mobile manipulators can pick, transport, and assemble intricate components with remarkable accuracy. Their ability to handle delicate parts makes them increasingly indispensable in industries that require high precision, ensuring the maintenance of stringent quality standards. Product Inspection and Quality Control: By incorporating advanced sensors, cameras, and machine learning algorithms, AMRs can inspect products more precisely than human workers. These robots can autonomously move through production lines, identifying defects or inconsistencies and ensuring that only products meeting the highest standards are shipped out.  As these robots' capabilities continue to expand, their impact on the future of industrial processes is poised to be even more profound, driving innovation, efficiency, and safety across multiple sectors. Advancing Sustainability in Modern Manufacturing As industries strive for greater profitability and reduced environmental impact, optimizing robotic systems intelligently has become increasingly essential. This integration of automation with robotics enhances production efficiency and opens new avenues for processes that increase productivity while reducing environmental footprint. One key element of a sustainable future in manufacturing is adopting renewable energy and improving product traceability. These advancements help ensure that manufacturing processes are both more transparent and energy-efficient. Furthermore, Industry 4.0 supports the implementation of flexible production systems that can adjust energy needs in real-time, thereby contributing to energy conservation and reducing waste. As industries continue to embrace these innovations, they will be better positioned to meet the demands of a rapidly evolving market while achieving economic and ecological goals. Through integration with the broader advancements of Industry 4.0, they help pave the way for an environmentally responsible approach to manufacturing, propelling toward a greener, more sustainable future. ...Read more
A well-structured lubrication management program is increasingly essential due to the harsh and often remote operating conditions in the resource sector. Such programs can also benefit other production processes that involve numerous assets. No site can more effectively begin or enhance a reliability initiative than by implementing a new lubrication management program or revising an existing strategy. Equipment wear is not unique to any particular sector, as it affects all sectors. Friction is what wears out equipment. Therefore, the amount of friction that slows down moving objects will increase if the wrong lubricant is used, misapplied, or allowed to get contaminated. To overcome that friction, more energy is subsequently needed. Implementing a seven-step approach to lubrication can decrease an operation's energy expenses, lubricant stocks, consumption, spills, and cleaner equipment. Lubrication Consolidation Many lubricants that have been used and purchased by sites for decades can be outperformed by modern lubricants. Depending on the business, lubricant stocks can be rapidly reduced by up to 75% or more through consolidation operations. As a result, the lubricant application program becomes more straightforward, and the purchase and transport costs are reduced. In reliability-focused maintenance environments, CSI emphasizes the importance of documenting lubricant inventories and storage conditions to support effective consolidation and contamination control. Note that consolidation requires a company to record all the storage locations and inventory ALL the lubricants on site. Encourage your lubricant providers to submit bids for a lubricant consolidation operation. These programs are typically provided at little or no cost in return for bulk orders that can benefit your business by lowering lubricant expenses for a predetermined amount of time. Allied General Industries LLC provides precision industrial fabrication and support services that enhance equipment reliability and operational uptime across resource-intensive sectors. Contamination Control Inadequate handling, application, and storage procedures are the main causes of contamination problems. Lubricants that transfer abrasive substances to the wear surface are not well received by radial lip seals or fine-tolerance bearing surfaces. Outdoor storage of lubricant barrels exposes them to harsh weather conditions, corroding them and retaining moisture. Additionally, it has become commonplace to employ unclean and non-specialized lubricant-transfer methods. Filtration Inadequate machine-filter management can result in decreased lubrication flow and the avoidance of harmful wear impurities on your bearing surfaces. Make sure that your PM program prioritizes filter replacement. To save money on lubrication, change-out, and disposal expenses, you can utilize an external pump/filtration cart to clean and prepare your significant reservoir lubricants for reuse. For more information about this simple technique, contact your neighborhood lubrication hardware or filter supplier. ...Read more
Edge computing is a transformative force in manufacturing technology, reshaping industrial operations by enabling real-time decision-making and managing the growing volume of data. More importantly, it significantly improves operational efficiency, a crucial factor in the success of any manufacturing process. This transition from centralized, cloud-centric models to a more distributed architecture marks a significant step toward a more efficient and connected industrial landscape. The sheer proliferation of Industrial Internet of Things (IIoT) devices, from smart sensors monitoring temperature and vibration to advanced robotics executing complex tasks, has resulted in an unprecedented data deluge. This can overwhelm traditional cloud infrastructure, leading to bandwidth constraints, increased costs, and slower communication. Edge computing alleviates these pressures by filtering, processing, and analyzing data locally, transmitting only essential insights to the cloud for long-term storage, historical analysis, or broader enterpriselevel decision-making. This hybrid approach, combining the immediate responsiveness of the edge with the scalability and extensive storage capabilities of the cloud, represents a sophisticated and effective architecture for modern industrial environments. Advanced Capabilities at the Edge The technology landscape is evolving, with the power of edge computing significantly amplified by the migration of AI models from the cloud to the edge. Once predominantly trained and deployed in the cloud, AI models are increasingly being brought to the edge. This shift enables edge devices to perform complex computations like pattern recognition, predictive analytics, and automated decision-making without constant reliance on cloud connectivity. Practically, this translates into a myriad of benefits. For instance, AI algorithms can analyze real-time sensor data from machinery to anticipate potential failures before they occur, a process known as predictive maintenance. Moreover, AIpowered computer vision systems deployed at the edge are revolutionizing quality control. These systems enable automated, real-time inspection of products on assembly lines, detecting defects instantaneously and preventing faulty items from proceeding further in the production process. Edge analytics is also a key area of focus. By processing data at the source, manufacturers can derive immediate actionable insights from their operational data. This leads to the faster identification of inefficiencies, bottlenecks, or deviations from optimal performance, providing real-time visibility. This empowers frontline workers and automated systems to take corrective actions swiftly, improving overall production quality and reducing operational costs. The continued advancement of energy-efficient processors and specialized AI accelerators, such as Tensor Processing Units (TPUs) and Vision Processing Units (VPUs), further enhances the capability of edge devices to handle computationally intensive AI and ML workloads. Evolving Edge Infrastructure and Connectivity The physical and logical infrastructure supporting edge computing in manufacturing is continuously evolving. Notably, the robustness and power of industrial-grade edge devices are on the rise, designed to withstand harsh factory environments characterized by extreme temperatures, dust, and vibrations. These devices, ranging from intelligent sensors and gateways to rugged industrial PCs and integrated controllers, each with varying processing capabilities, memory, and storage, instill confidence in their ability to handle the demanding manufacturing conditions. One of the most significant enablers for advanced edge computing deployments is the expansion of private 5G networks within manufacturing facilities. The ultra-low latency and high bandwidth offered by 5G are paving the way for a future of robust and reliable connectivity, necessary for seamless machine-tomachine communication, real-time data exchange, and the efficient operation of autonomous systems and robotics at the edge. This localized, high-performance network infrastructure is a beacon of hope for realizing the full potential of edge-driven automation. Another significant trend is the shift towards more flexible and scalable deployments in the architecture of industrial edge solutions. Manufacturers are increasingly adopting phased implementation strategies, starting with pilot projects for high-impact use cases before wider rollout. This approach allows for a more controlled and effective integration of edge systems with existing operational technology (OT) and information technology (IT) systems, a critical aspect requires standardized data exchange protocols and mechanisms for seamless data synchronization between edge and cloud environments. Interoperability and Security Imperatives As edge computing permeates manufacturing, the importance of interoperability and robust security measures cannot be overstated. Ensuring seamless data exchange between various IIoT devices, legacy equipment, and disparate systems from multiple vendors is crucial for a cohesive edge ecosystem. Initiatives focused on open standards and standardized communication protocols, such as OPC UA (Open Platform Communications Unified Architecture), are vital for achieving vendor-agnostic and interoperable industrial environments. These standards facilitate semantic consistency across different devices, allowing data from multiple sources to be integrated and understood without fragmentation. Security at the edge is not just a consideration but a paramount concern. The distributed nature of edge deployments means a larger attack surface, necessitating a multi-layered security approach. Robust authentication and authorization mechanisms, comprehensive data encryption, and rigorous hardware and software integrity checks are all critical components of a strong security strategy. Continuous monitoring and analysis of logs from edge devices are essential for detecting anomalous patterns and responding swiftly to potential threats. Proactive patch and update management systems are also critical to address vulnerabilities promptly. The convergence of IT and OT security practices is becoming increasingly important to safeguard the integrated edge environment effectively. Edge computing is an incremental improvement and a fundamental shift in manufacturing technology. It enables a new era of agile, responsive, and highly efficient production environments. The ongoing advancements in edge hardware, the growing synergy with AI and ML, the widespread adoption of 5G, and the continuous focus on interoperability and security collectively drive the widespread adoption of edge computing, positioning it as a cornerstone for the future of smart manufacturing.         ...Read more
Transitioning from a linear "take-make-dispose" model to a circular and sustainable approach. Sustainable manufacturing, often referred to as green manufacturing, involves producing goods in ways that reduce negative environmental impacts, conserve energy and natural resources, and prioritize long-term economic viability. The Pillars of Green Technology Green technologies form the foundation of environmentally responsible manufacturing, enabling companies to move from regulatory compliance toward genuine sustainability leadership. Central to this shift is the adoption of energy-efficient and renewable energy solutions. Manufacturers are increasingly integrating on-site solar and wind power, or sourcing green grid electricity, to reduce reliance on fossil fuels. Simultaneously, replacing legacy equipment with high-efficiency motors, HVAC systems, and LED lighting significantly cuts energy consumption. These efforts are strengthened by smart energy management systems that use IoT sensors and AI platforms to monitor usage in real time, detect inefficiencies, and automatically optimize energy distribution across production environments. Digitalization—anchored in Industry 4.0—further enhances resource efficiency by providing unparalleled visibility into operations. AI-enabled analytics and IoT connectivity streamline workflows, minimize production variability, and support predictive maintenance to prevent equipment failures and reduce both material waste and downtime. Digital twins extend these benefits by allowing manufacturers to model, test, and refine production processes virtually before deploying changes in the physical facility. Together, these technologies drive waste reduction and support the transition to a circular economy. Advanced recycling methods, closed-loop systems that repurpose industrial by-products, and innovative waste-to-energy solutions help conserve materials. In contrast, cutting-edge water treatment and recycling technologies enable substantial reductions in freshwater use and pollutant discharge. Designing for a Sustainable Tomorrow Sustainable manufacturing extends beyond operational improvements to the very design of products. Eco-design principles ensure sustainability is embedded from the earliest development stages through choices such as low-carbon, recycled, or bio-based raw materials that minimize the environmental impact of material extraction and processing. Design for Disassembly (DfD) principles further support circularity by enabling products to be easily taken apart at the end of their life cycle, facilitating repair, refurbishment, and efficient recycling. In parallel, prioritizing product durability and repairability counters the legacy of planned obsolescence, extending product lifespans and reducing the need for continuous new production. Collectively, these strategies reinforce a strong business case for sustainable manufacturing. Improved energy efficiency lowers greenhouse gas emissions while reducing operational costs. Waste-reduction initiatives conserve natural resources and decrease material expenditures and disposal fees. A strengthened environmental reputation enhances consumer loyalty and market standing, while proactive compliance with tightening ecological regulations helps companies avoid fines and reduce legal risks. Through these integrated technological and design-driven approaches, manufacturers can achieve measurable environmental impact while unlocking long-term economic value. By leveraging green technologies, manufacturers can achieve the triple bottom line of people, planet, and profit, pioneering a new era where industrial growth harmonizes with environmental responsibility. The future of manufacturing is undeniably green, and those who innovate today will lead the industries of tomorrow. ...Read more