Column by the Craftsman: Expected Benefits and Challenges of Using MES and IoT for Cost Management

Enhancing the reliability of product costs! An explanation of what kind of productivity innovations and profitability improvements can be expected.

This column discusses the expected effects and challenges of using MES and IoT for cost management. To fully utilize the matrix cost table, it is necessary to efficiently collect activity information from the production processing activities using MES and IoT with high accuracy and without imposing human burdens. As IoT and similar technologies become more prevalent in future production processes and cost calculation processes, I have summarized the potential innovations in productivity and improvements in profitability that can be expected. [Summary (Excerpt)] ■ Higher precision in measuring/visualizing product costs with IoT ■ Derivation of standard cost information becomes possible with IoT ■ Reliability of product costs can be enhanced ■ Enables increased profits ■ Improved ability to detect signs of loss and prevent issues before they occur *For detailed content of the column, please refer to the related links. For more information, feel free to contact us.

Cost Management System