Despite delays surrounding the initial rollout of the 787 Dreamliner a few years ago, Boeing has increased its production of new airplanes compared to this same time last year, according to Manufacturing.net. The improved production led to a $965 million first-quarter profit for Boeing.
The company also improved the delivery of Dreamliners, delivering 18 in the first quarter, compared to just one in all of 2013 following the fleet's grounding over concerns that the lithium-ion batteries could catch fire. According to CNN, the 787 Dreamliner is assembled in the U.S. but sourced from companies around the world.
Forty-five large companies are involved in supplying the main components of the plane. However, when accounting for hardware and electronics, more than 100 companies are involved. Couple that complex supply chain with a forced grounding by federal regulators just over a year ago and the recent reports from Boeing are impressive.
All Manufacturers Benefit From Improved Productivity
It's no secret that efficiency and productivity are the keys to success in the supply chain, but understanding how to improve them can be difficult. In a supply chain that moves at a blistering pace, manufacturers in all industries need forecasts based on data, not conjecture. With automated data collection solutions, this information is available in real time and populated in an organization existing ERP system.
The data can be accessed and analyzed quickly to make sudden adjustments if necessary, track materials and orders, choose suppliers and monitor employee production. With paper-based systems, it takes much longer to locate and interpret this data and it is often inaccurate due to human error. With automated data collection, it is far less likely that an employee will make an error collecting data because it is very easy to do.