Meeting Industry 4.0 and OEE Goals with Real-time Analytics to Increase Factory Performance in the Food & Beverage Industry

The food and beverage industry has experienced low growth in the recent years due to the economic slowdown, but this industry is expected to bounce back and reach $7,500 billion by the end of 2023.  However, frequent regulatory changes about food quality, waste disposal, raw materials, and surplus production have become a real challenge to productivity.

Higher health awareness and stricter regulations have impacted the food and beverage industry since consumers have become more interested in what goes in their food, with ‘ingredient labeling’ becoming critical in the packaging process.

In addition, the food and beverage industry must have food safety testing that is fast, accurate, and that provides insightful analytical results. The combination of changing regulations and increased competition from other food and beverage manufacturers is forcing producers to pursue new manufacturing technologies as a way to reduce costs while increasing company transparency and product traceability.

Digital Transformation in the Food and Beverage Industry

In today’s competitive market, decision makers at all levels must be equipped with the best intelligence to make the right decisions at the right time. This process begins with collecting data from each machine on the shop floor and consolidating it into meaningful information for different levels of the organization. The goal is to revolutionize performance to deliver contextualized actionable information to shop floor managers and top-level executives in real-time. To do this, you need to implement digital technology that revolutionizes your factory through a series of adaptive changes.

How FactoryEye Transforms Productivity in the Food & Beverage Industry

FactoryEye is an affordable Industry 4.0 solution for mid-sized manufacturers that transforms data into actionable insights to empower food and beverage manufacturers to make informed decisions in real-time. It supports monitoring of the entire process to enable food and beverage manufacturers to achieve objectives such as:

  • Digitization which consistently ensures that quality management systems are flexible, have real-time impact, and comply with regulation and ever-changing needs. The data will help you analyze test results quickly and easily enable your plant to evolve while keeping costs in check. 
  • Seamless integration with existing IT resources (that may have been implemented decades ago) to support greater selling, production, and service agility. Keeping current enables your company as a producer to cope with the challenges of stricter regulations, traceability, and food safety. 
  • Greater connectivity and visibility of production management systems and overall supply chain management. In turn, you can accelerate response times and ultimately have more satisfied consumers. 
  • Seamless connectivity of key information systems like ERP, MES, PLM and QMS enables optimization of production planning, scheduling, procurement, and logistics.  

How Does FactoryEye Help You Move to Industry 4.0?

To learn more about how Magic Software’s FactoryEye solution can improve performance and profitability on your factory floor, and to schedule a free   introductory consultation, please fill out this form