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AS the global financial crisis continues, the 'economics of manufacturing' has drastically changed, driving a growing trend for companies to review or 'reset' their businesses practices with the view to increase operational efficiencies while reducing capital expenditure - basically, do more with less. This has led to an increased focus on automation, control and information systems such as Manufacturing Execution Systems (MES) and other operation management software offerings to help manufacturers increase production efficiencies, while boosting quality, reliability and profitability.
Erik Udstuen, US-based VP - Software & Services, GE Fanuc Intelligent Platforms, says companies that were once aggressively building new production lines or adding capacity are now focussed on getting more out of existing assets rather than investing in 'Greenfields' or new projects.
Read the article at Manufacturers' Monthly:
http://www.manmonthly.com.au/Article/Automation-softens-hard-times/491937.aspx#