In the first half of 2015, a huge development took place in the continent of North America. North American robotics companies have been long working on creating robots for factories and workplaces. In that year of 2015, a record number of 14,232 robots were ordered with a whopping value of $840 million. ONe of the strongest reasons for this deals with the evolution of process excellence.
Process excellence is essential a business model by which technology and automation work to make businesses more effective and more efficient. This is a smart way for businesses to evolve because as of right now, technology is expanding at a rapid rate that many did not predict possible. This has lead to the development of both process excellence and the Internet of Things.
The Internet of Things is much more simple than most people would imagine. This essentially refers to devices other than computers that are connected to the internet and can send and receive data. The boom of the Internet of Things will mean that the number of devices that connect to the internet will rise from about 13 billion today to 50 billion by 2020.
Here are some of the ways in which process excellence can help businesses evolve:
Process Excellence Helps Hire Great Candidates
Employers say the top five skills that veterans bring to civilian jobs include self-discipline, teamwork, attention to detail, respect and leadership, in that order. Finding the right type of workers is not easy and it is often a serious problem that businesses have. However, using process excellence is an easy way to utilize automation and technology to get the right supply chain recruiting tacts into your business!
Process Excellence Helps Track Shipments
As of right now, the world drug packaging industry has hit a monumental $66 billion in terms of value. While this is incredibly impressive, it is important to note that this is not the only area of the packaging industry that is hitting a boom in productivity and revenue. As a matter of fact, the packaging and shipment industry as a whole is currently at an all-time high.
In the United States, the second largest packaging segment is flexible packaging. It has managed to create just about 18% of the overall $145 billion packaging market. While these numbers are impressive, it is important to make sure that these highly valued items are properly tracked and that is where process excellence comes into play.
12 million RFID tags, used to capture data and track movement of objects in the physical world, were sold in 2011. By 2021, it’s estimated this number will increase to 209 billion as the Internet of Things takes off. This will make tracking and handling packages and shipments an absolute breeze for the 79,000 people that are employed by the flexible packaging industry!
The simple utilization of process excellence and other forms of technology is going to make business more effective and efficient over the next ten years. While some view technology as a danger, it is important to be able to recognize how it can improve the lives of many people!