Why does IOT matter for the future of factories?
As a factory manager or a production leader, it may be important for you to increase the efficiency of your production teams or have total control on your supply chain. It depends on your goals to make your factory more successful, increase production or reduce errors.
The trend of using internet-of-things (IoT) smart labels in the factory is increasing and gaining lots of traction in supply chain because it gives you a direct viewpoint on what is happening in the factory and allows your supply chain to be more elastic. Knowing realtime how much parts are being produced by each assembly line, where there are delays and where some productivity lines are exceeding pace, is a game changer.
The main point is that the flexibility of smart labels is limitless, therefore with the assistance of SpearIT experts, we can discuss your production situation, your requirements and the available options for your factory.
How much does ESL-IOT cost and bring in ROI?
It will of course depend on the size of the factory, how many assembly lines you will tag with IoT smart labels and how many assembly parts boxes you will monitor.
Typically an electronic smart label comes in various sizes between 5 to 10 cm wide, and you get several options between a monochrome E-ink screen to a 4-colour E-ink screen. A 5 cm monochrome price label that is a standard starting point, will cost on average 6 EUR per label or 550 EUR per 100 labels.
Apart from the cost of the ESL labels, there are several aspects that influence the total cost calculation: shop audit (free), RFP proposal, ERP connection, set-up and installation costs. After the audit and your known requirements, we make a budgeted proposal with different ESL options that meet your needs.
The definition of your return over investment can be included but you should consider a 3-5 year period before your smart label implementation is fully integrated by the factory teams, the labels are 100% embedded in the supply chain process, the installation cost is absorbed in your CAPEX and the support costs are streamlined in your OPEX.
How can we avoid disruption while implementing IOT?
We can discuss and adapt the implementation schedule to introduce smart labels one assembly line at a time. The installation of smart labels can be done in a pilot area and we can identify together quick wins or tasks to speed-up.
The installation of smart labels in one assembly area can be fast to install and setup, but it has to be on par with the training of the assembly line workers and the synchronisation with the ERP system.
What maintenance is needed for ESL smart labels?
Thanks to our in-house IoT experts, technical support technicians and customer helpdesk agents, we can assess your maintenance needs and adapt our support capacity. Depending on what is needed and how much the smart labels are being used, we can adapt the maintenance plan to take into account standard wear-and-tear, issues covered by warranty and exceptional issues to clarify any situation.
We will advise you at all steps before, during and after an IoT implementation because there are multiple gains from smart labels in the factory. You can expect us to follow-up and follow-through with your factory goals and needs in the short and the long run.
Who can answer questions on IOT?
You can either fill the contact form here to schedule a meeting or virtual call, either visit the contact page to call the helpdesk team.
Depending on the problem or the technical needs, we will dedicate a consultant to check with you directly or a small team of experts to answer your questions.
The first call is always complimentary just to understand what you need. Any later meeting or intervention cost is first discussed and agreed with you. No hidden cost, full transparency.