Search Result

  • Brownfield

    Like greenfield, the term brownfield can be traced back to construction planning and is now used as an analogy in other areas. A brownfield is not an open “greenfield” site,...

  • OEE

    OEE stands for Overall Equipment Effectiveness. The formula for calculating it is as follows: OEE= Degree of availability x Degree of performance x Degree of quality. OEE= Possible production time...

  • ROI

    Return on Investment (ROI) indicates the percentage ratio between profit and investment. The key figure provides information on how efficiently a company has worked....

  • IT-System

    The starting point for an IT solution is a concrete task or problem of a customer. These are used for analysis and are solved through the use of software or...

  • IIoT

    IIoT – Industrial Internet of Things, describes the trend of the Internet of Things in the industrial environment. Manufacturing companies use this trend to produce more efficiently and effectively....

  • IoT

    Internet of Things stands for the increasing number of devices connected to the internet. These exchange data with each other and generate a massive amount of data. This is often...

  • Cloud Computing

    Precisely twenty-one years ago, then Amazon Chief of Staff, Andy Jassy, discovered that Amazon wasn’t running as smoothly as the company needed to run. He found that when the executive...

  • AI

    AI stands for Artificial Intelligence and describes the concept of the intelligent machine. The theory was already developed by Alan Turing in 1936. In practice, it has only become established...

  • MES

    Manufacturing Execution Systems (MES) are used in manufacturing with the aim of controlling production and fulfilling various functions. The three main task areas of the MES include production, personnel and...

  • Plan-Do-Check-Act (PDCA)

    Plan do check act (PDCA) (also called “plan do check to adjust”) is a management method used in iterative, continuous improvement of business processes. The manufacturing industry is one of...

  • Total Cost of Ownership (TCO)

    Total Cost of Ownership (TCO) is a concept that helps manufacturing companies determine the actual cost of an investment decision. Traditionally, the focus has always been on price as deciding...