SMART MANUFACTURING WITH REAL-TIME PERFORMANCE EVALUATION SYSTEM AND FASTER DECISION-MAKING

ABSTRACT: This paper explores the role of real-time performance evaluation in automotive manufacturing industry, especially its significant impact on efficiency, productivity, and quality of manufacturing processes. Companies are looking for improved productivity by identifying bottlenecks and inefficiencies in manufacturing processes, reduced costs by identifying quality issues and inefficiencies in real time, manufacturers can reduce costs related to recalls, repairs, and scrap. Real-time data allows manufacturing managers and supervisors to make faster and more informed decisions to resolve issues, optimize processes and Increase flexibility to respond more quickly to changes in demand, production conditions, quality issues, or predict equipment failures. However, it is important to note that implementing a real-time assessment system requires careful planning and implementation to ensure that the data is accurate, reliable, and useful for decision-making.