Track, Trace, and Control (TTC) systems are an essential element of success in achieving the fundamental strategic objectives in modern manufacturing. High quality products delivered at the lowest possible cost. And, the total cost of production must take into account the complete product lifecycle including warranty, recalls, and repairs. TTC systems are designed to achieve optimal use of materials and resources throughout the manufacturing process and provide crucially significant data throughout the life of the product.
A compelling case for the need for traceability can be based on simple economic considerations. The cost of catching a defect increases tenfold at each step in the product lifecycle. The actual cost of a product recall can be staggering, without even factoring in knock on costs of brand damage and the associated impact on future sales.
Murray Percival Company represents a leader in the field of TTC Systems. Cogiscan, Inc partners with leading equipment manufacturers and electronics assemblers to create solutions that can integrate with existing systems to provide factory-wide TTC solutions.
The most recently announced a new OEM relationship with another of our principals, Speedline Technologies. The companies have entered into an agreement under which Cogiscan will provide software to harvest and report traceability data from Speedline printers. Under the agreement, the companies will develop a standard traceability package that Speedline will incorporate as part of its product portfolio and resell through its own channels. This of course includes Murray Percival Company.
Since the new product will be based on the standard Cogiscan TTC software, it will be easy for Speedline customers to expand the basic traceability package to other functions and to integrate this solution with existing enterprise systems such as ERP and MES.
Quantitative Benefits of TTC based on Real world Case Studies
• Reduce manufacturing cycle time (35–45 percent)
• Reduce manufacturing lead time (30 percent)
• Reduce machine/line changeover time (50 percent)
• Reduce data entry time (36–75 percent)
• Reduce work in progress (17–32 percent)
• Reduce paperwork between shifts (56–67 percent)
• Reduce inventory (4–6%)
• Increase product quality (+18 percent)