The manufacturing industry is all about innovation - new products, better machinery, etc. Lately, the course has been towards digitising a lot of the processes. That covers both data analysis as well as machinery working straight from CAD files to improve the efficiency in the sector.
The next big step in the industry, according to global analysts, is cloud manufacturing. Cloud manufacturing brings many suppliers onto a single platform and uses the data about their capabilities to offer instant production prices.
Procurement teams can now assess costs in a matter of minutes and do so on shared accounts, keeping track of project progress. Having a single point of contact for all manufacturing jobs keeps the necessity to juggle between sources to a minimum
The manufacturers can lower the machinery idle times by filling the gaps with more work coming in from such platforms. The production files are all standardised, minimising the need for a helping hand from a manufacturing engineer.
Also, it creates another outlet for bringing in work without any extra expenses from the supplier.
Fractory is the first platform of its kind in the UK, focusing on business clients. Opening this possibility for customers and manufacturers alike makes the UK frontrunners in this developing industry segment.
As a new company with its sights set on world-wide expansion, Fractory is already utilising the local expertise for executing overseas orders and bringing outsourcing opportunities to manufacturers who do not have the resources to do that themselves.
Several awards over the course of the last years show that the jury has made their mind - cloud manufacturing is the future of the sector. And Fractory is doing its part to bring the UK to the forefront.