Podcast: The philosophy and application of data-driven manufacturing

David McPhail in conversation with James D. Sawyer – Editor Emeritus, Advanced Manufacturing

A manufacturing concern can get the greatest return on its investment by optimizing its overall equipment effectiveness, or OEE. In this podcast hosted for SME, MEMEX CEO David McPhail details the relationship between OEE and the Industrial Internet of Things (IIoT). Data, he explains, is what drives this relationship. Data-driven manufacturing consists of keeping track of everything that happens on the shop floor, and software, including MEMEX’s MERLIN Tempus solution, helps monitor and manage that data.

Measuring Manufacturing Excellence

The award-winning MEMEX smart manufacturing tool-kit makes the Industrial Internet of Things (IIoT) and Industry 4.0 come alive on the factory floor. MERLIN Tempus is the took-kit’s software foundation. It equips industrial machines with the necessary interfaces for data-driven manufacturing, then presents that data in Web-enabled dashboard reports so machine operators, factory managers, engineers, production managers, continuous improvement managers and senior management can work together to dramatically improve productivity and profit. MERLIN Tempus delivers a 10%-50% average productivity increase, earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness, achieves payback in less than four months with an Internal Rate of Return greater than 300%, and ensures no machine is left behind – connecting them with MTConnect, other protocols, or MERLIN hardware adapters for older machines. Combined with MERLIN Tempus, MEMEX’s Continuous Improvement Fast-Track Services reveal ongoing factory productivity gains and ROI for years to come.

The MEMEX promise

The award-winning MEMEX smart manufacturing tool-kit makes the Industrial Internet of Things (IIoT) and Industry 4.0 come alive on the factory floor. MERLIN Tempus is the took-kit’s software foundation. It equips industrial machines with the necessary interfaces for data-driven manufacturing, then presents that data in Web-enabled dashboard reports so machine operators, factory managers, engineers, production managers, continuous improvement managers and senior management can work together to dramatically improve productivity and profit. MERLIN Tempus delivers a 10%-50% average productivity increase, earns 20%-plus profit improvement based on just a 10% increase in Overall Equipment Effectiveness, achieves payback in less than four months with an Internal Rate of Return greater than 300%, and ensures no machine is left behind – connecting them with MTConnect, other protocols, or MERLIN hardware adapters for older machines. Combined with MERLIN Tempus, MEMEX’s Continuous Improvement Fast-Track Services reveal ongoing factory productivity gains and ROI for years to come.

“Our Product Generates Over 300% IRR,” Says Memex’s CEO

Memex’s Merlin platform measures overall equipment effectiveness

SmallCapPower was at the Canadian Innovation Exchange’s Public Investor Day in November and had an exclusive chat with David McPhail, President and CEO of Memex Inc. (CVE:OEE). The Company’s main product, Merlin, is both a software and hardware platform product that uses three metrics to calculate overall equipment effectiveness (hence their stock symbol) and generates nearly 50% productivity improvement. Find out how Merlin helps to generate over 300% internal return rate of capital, and OEE’s plans to solidify its position as a market leader in North America.

 

Click here to watch the video interview 

“Our Product Generates Over 300% IRR,” Says Memex’s CEO

SmallCapPower was at the Canadian Innovation Exchange’s Public Investor Day in November and had an exclusive chat with David McPhail, President and CEO of Memex Inc. (CVE:OEE). The Company’s main product, Merlin, is both a software and hardware platform product that uses three metrics to calculate overall equipment effectiveness (hence their stock symbol) and generates nearly 50% productivity improvement. Find out how Merlin helps to generate over 300% internal return rate of capital, and OEE’s plans to solidify its position as a market leader in North America.