Market and Product Uncertainty in Manufacturing
You’re developing a new product, but manufacturing costs and market acceptance are unclear. Will there be demand? Will you need to scale production quickly? Or will you need to redesign the product and pivot? Will you need to add new product variants in the future, and what will they look like?
Whether you are in the early stages of development, currently scaling up production, or at a mature stage, there are always levels of uncertainty. By thinking about conveyance as the foundation of automation, your system can be designed to enable reconfiguration for future business requirements. Utilizing manufacturing equipment over the course of multiple product life cycles enables more technology adoption and better ROI.
The three major areas that are affected by uncertainty are:
- Product –changes and tweaks during the design lifecycle
- Process –how a product is produced at different volumes
- Forecast –predicting the marketing conditions for the product you are producing.
Automating under uncertainty? We can help.
Making the decision to invest in technologies to scale your manufacturing process is a difficult one. Maximizing throughput seems like a no-brainer, but, in reality, many variables go into the decision matrix.
Tune in to this free on-demand webinar to learn more.
