Improving industries’ productivity and efficiency represents one of the biggest challenges that companies face in the 21st century. An efficient team management and production processes is a must, as well as provide the most advanced technology to optimize their activity, making them more competitive.
3 ways to improve efficiency
If there is one thing that companies have learned in the last years is, that evolution is one of the main keys to keep themselves at the top of the evolution. Therefore, they must learn to plan their strategy taking into account all possible scenarios to be able to adapt to new technologies and methodologies that might arise.
Technological advances have undeniably boosted the productivity of industries for decades, and today we are going through the fourth wave of technology, also known as Industry 4.0.
This new kind of industry is based on a number of pillars that allow all systems to be interconnected in the value chain, interacting with each other through protocols based on analyzing data, predicting failures, and configuring and adapting to any kind of change.
Power Electronics has succeeded in vertical integration and has been able to use Industry 4.0, among other tools, to make the integration process run and improve regarding the previous situation.
With vertical integration, the company can be present at each phase of the production process, giving it a greater flexibility and specialization to adapt to customer needs, obtaining as a result an increasement in productivity and a decline in losses. In addition to that, the company gets more autonomy and applies it to key processes, as there is a risk at service level if they is no control of it or because there is a raise in productivity.
Efficient resources optimization
Being efficient not only means adapting to Industry 4.0, but also the responsible usage of resources is a core issue, which also means using available resources in a sustainable way and minimizing their impact on the environment, thus creating more benefit with fewer resources.
Power Electronics only works with suppliers whose products are manufactured in an environmentally friendly process, is committed to zero-kilometer production, and has a circular economy model within its own facilities, creating value by reusing and recycling most products, components, and materials after they have fulfilled their initial use. In this manner, it contributes to achieving the initiatives set out in the Roadmap to a Resource-Efficient Europe, such as: increasing resource productivity and decoupling economic growth from the use of resources and their environmental impact.
Innovation and sustainability, two core values that go together
Innovation is a fundamental asset for Power Electronics, not only because it has been part of its DNA for more than 30 years, but also due to the constant search for innovation, Power Electronics has been able to achieve solutions to the most advanced technological challenges of the market, and at the same time improve the production processes of the products to obtain innovative and efficient solutions.
But it is true that nowadays, innovation is not understood without sustainability, there is something we are already fully aware of: the environment needs to be taken care of. And this will only be possible if industries focus on being efficient and innovative, but always from an environmental point of view.
Recommended reading: Sustainability, a key value for Power Electronics