Engineering news
The ThingWorx Digital Performance Management (DPM) solution is a ‘self-monitoring, self-measuring tool for closed-loop problem solving’, the American software and services firm said as it launched the tool today (28 October).
“Manufacturers consider digital transformation essential, yet often see only incremental improvements, as opposed to large-scale transformational improvements,” said Craig Melrose, executive vice-president of digital transformation solutions.
“The new ThingWorx DPM solution enables companies to address the most valuable manufacturing improvements and solve common challenges to drive production efficiency and transformation at scale.”
PTC said companies can use the new tool to identify the right performance issues to drive efficiency and empower frontline workers to take corrective action. Users can measure results with performance data to ensure actions produce the desired outcomes, with initial results in as little as 90 days.
“All our manufacturing clients, regardless of industry, face the constant challenge of identifying and quickly eliminating production bottlenecks,” said Jerry Gootee, global sector leader for Ernst & Young.
“The market needs a scalable technology solution that can systematically and dynamically identify production constraints, prioritise root causes, recommend and manage corrective actions, and validate outcomes measured as new production hours of capacity.”
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