Page 13 - Industrial Technology September 2020 issue

PRECISION

CUTTING THE COSTS VACUUM-
COMPATIBLE

MOTION

WITH MANUFACTURERS FACING ONGOING PRESSURE TO CUT PLATFORMS
COSTS, IMPLEMENTING INNOVATIVE TECHNOLOGIES IS WIDELY
SEEN AS A SOLUTION TO THE CHALLENGE
Aerotech is an expert in the
ne in three (33%) of senior decision-makers at supply chain. Added to this, spending cuts and much design and manufacture of
mid-market discrete manufacturers identified tighter cost management will be an inevitable and vacuum-compatible motion
‘rising costs of raw materials and components’ pragmatic response to the virus outbreak as platforms. Our expertise
Oamong their two main economic challenges manufacturers look at ways in which they can improve includes:
over the next three years, while just under a quarter the bottom line.
(22%) highlighted ‘rising costs of shipping goods’. That’s “Yet, the pandemic is set to have a far-reaching, long- • Material selection
according to a recent independent study commissioned term impact on the manufacturing sector, so • Surface preparation
by advanced technology solutions and services provider, manufacturers will also need to look at how digital
Delaware. transformation and the use of the latest advanced • Hardware venting and
In light of this, it is unsurprising that 26% of the technologies can keep costs under control over the longer elimination of trapped volumes
sample referenced ‘reducing operating costs’ among the term.” • Lubricant selection
top operational challenges they are facing in their supply That’s why it is positive that cost reduction is widely • Thermal management
chain, ahead of getting products or services to market regarded as a driver of innovation by the survey sample.
faster (22%) and improving product quality (21%). Cost Nearly half of the survey sample (47%) ranked it among • Magnetic 昀eld control
is a challenge even in streamlining manufacturing their top two reasons for why they wanted to innovate or • Cleaning
operations. 39% reference it among their top two, ahead make changes to their organisation.
of employee training (22%) and regulatory restrictions According to Seel: “Implementing innovative
(21%). The need for enhanced management and control technologies is increasingly seen as a way to reduce
of costs is, of course, being brought into ever-sharper costs by businesses today and that is going to be crucial
focus by the ongoing Covid-19 pandemic. in the pandemic recovery. Just under a third (31%) of our
“Keeping costs down across their operations is an sample referenced that the perception is that these
overriding concern for every manufacturer in these technologies will improve productivity, while 24% said
uncertain times,” said Richard Seel, managing director the perception is that they will reduce costs.
(UK and US) at Delaware. “In our survey, more than a “The potential of innovation to drive operational
quarter (28%) reference that ‘labour costs have risen’ as efficiencies is clearly there but it is important that
an impact of company-implemented or regulatory driven manufacturers make the right technology choice as the
sustainability requirements on their supply chain. In economy continues the process of recovering from the
addition, 38% of respondents identified that rising cost virus,” he added. “ERP and EAM offer a positive route
prices will be one of the biggest impacts of Brexit on the forward in this regard.”

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September 2020 • INDUSTRIAL TECHNOLOGY

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