LTTS says its latest set of offerings for Industry 4.0 addresses the fundamental problems with the smart factory solutions present currently.
06 Feb 2019 | 7078 Views | By Autocar Professional Bureau
L&T Technology Services (LTTS), a leading global pure-play engineering services provider is showcasing Factory D.0 – its latest set of offerings for Industry 4.0, which it says address the fundamental problems with the smart factory solutions present currently.
The company refers to a quote by a senior analyst ...
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L&T Technology Services (LTTS), a leading global pure-play engineering services provider is showcasing Factory D.0 – its latest set of offerings for Industry 4.0, which it says address the fundamental problems with the smart factory solutions present currently.
The company refers to a quote by a senior analyst at HFS, “LTTS has developed a broad portfolio of proprietary technologies and platforms, to help clients accelerate implementations and realise the benefits of Industry 4.0.” The major challenge, as LTTS sees it, is in the identification of the right use-cases to ‘digitalise’, it says technology is often implemented just for the sake of it – resulting in mediocre ROI (return on investment).
The company highlights some of its Factory D.0 solutions that, in LTTS’ experience, have resulted in massive benefits for manufacturers across the globe. This it says includes —
Wireless material tracking, which the company says has helped manufacturers ramp up their productivity by 30 percent and parts availability by 40 percent, resulting in annual savings of $100,000 (Rs 71 lakh).
Machine vision based quality inspection, the company successfully implemented a 3D machine vision system to automate quality inspection, which it says led to 20 percent reduction in reject rates.
Digital twin, wherein LTTS says its solution has helped plants with CAPEX estimations, quick root-cause analysis, and massive efficiencies through effective robot and worker utilisation. This solution deployed for a global auto OEM has facilitated savings of over $1 million (Rs 7.11 crore) per plant, along with a 40 percent cut down in inventory and 13 percent improvement in OEE.
Energy optimisation using WAGES (water-air-gas-electricity-steam), the company says that with energy management in large plants being extremely inefficient. Using an integrated approach toward WAGES it has helped a customer cut 20 percent of its facility costs.
The company is also highlights its collaborative robots and 3D modelling solution expertise that has helped its customers to improve efficiencies significantly.