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

The global packaging market is constantly adapting due to the evolving retail sector, high consumption of packaged foods by consumers, and many manufacturers pushing demand for innovative and cost-effective solutions. The packaging industry needs a fully connected solution that unifies all data points in facilities to generate continuous improvement.

All industries use some type of packaging in their facility, whether they are fulfilling pharmaceuticals, food and beverage, carrier bags, electronics, toys, or virtually any other product. The most common types of packing materials used today are paper and paperboard, plastics, aluminum and glass. The rise and fall in the cost of petroleum, natural gas, wood and other raw materials is an ongoing challenge to the packaging industry, because it effects both production and delivery. 

Due to sustainability concerns, packaging production will need to process thinner materials and more demanding designs with the same productivity. The global packaging market must evolve to make their packaging more cost-efficient and consumer friendly.

In addition, as the packaging industry progresses and becomes more digitized, there has been an increased demand for flexibility and adaptation in automation capabilities, machine optimization and integration. With the rapid development of e-commerce, the delivery mechanism of boxes is becoming more complex and needs to be completed faster while not sacrificing quality. These issues are forcing packaging manufacturers to get creative in the search for ways to develop new, more profitable business models while not sacrificing operational efficiency. 

Digital Transformation in the Packaging 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 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 Packaging Industry

FactoryEye is an affordable and flexible Industry 4.0 solution for mid-sized manufacturers that transforms data into actionable intelligence and provides visibility from the shop floor to the top floor. It supports monitoring of the entire process to enable packaging manufacturers to achieve objectives such as:

  • Faster go-to-market strategies via better integration of existing IT resources with increased traceability from development to full production which helps better track market needs.
  • Effective end-to-end supply chain management, along with increased connectivity and visibility of this process.
  • More value out of machine data, which in turn ensures better manufacturing intelligence on the floor while increasing focus on operational excellence to minimize waste and costs.
  • IoT connectivity for optimum product traceability which allows increased visibility into operational performance. 
  • Standardized management routines and KPIs for more in-depth review processes and better OEE to resolve critical bottlenecks and grow outputs.
  • 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