This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Staying Competitive: GE’s Advanced Manufacturing Software Solutions Drive Lower Costs, Faster Production And Tighter Control On Quality

GE Intelligent Platforms (NYSE: GE) today announced that it is building on the expertise of GE as a world-class manufacturer to introduce advanced manufacturing software solutions that drive lower costs, faster production and tighter control on quality. Deployed at GE manufacturing plants around the world, these solutions are continuously honed to keep GE and other manufacturers competitive in their markets.

The software solutions, called Proficy for Manufacturing, address key challenges faced by companies across a diverse range of manufacturing businesses. The first in the family is aimed at long cycle, engineer- or build-to-order (ETO or BTO) complex manufacturing operations. For companies in aerospace, defense, heavy equipment, energy or other complex discrete manufacturing industries, paper-based processes to manage plant floor production are still the norm. The need for comprehensive visibility into production performance has become increasingly important to stay competitive. Elimination of the paper-based processes through digitization provides fast, reliable and accurate information manufacturing businesses need to effectively manage their operations and work toward optimizing their supply chains.

“Manufacturers and their suppliers face multiple industry challenges today,” said Jim Walsh, Software General Manager for GE Intelligent Platforms. “These include agile product development, price pressures, customization to meet consumer demand, quality, and, of course, cost.”

GE companies deploying pieces of the solutions have already realized significant benefits such as: 70% faster order-to-delivery, 15% reduced WIP, 12% less rework and 24% reduced warranty costs.

A key aspect of Proficy for Manufacturing includes the ability to reduce costs through MES digitization of existing paper processes. Manufacturers can then leverage the benefits of digitized processes such as reducing waste, increasing flexibility and decreasing lead times. Digitization makes it possible to capitalize on the value of fast, reliable and accurate information to maximize production performance, save time and money while still providing a consistent high quality product.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs