PricewaterhouseCoopers estimates that by 2020, Industry 4.0 digital transformation initiatives will deliver nearly 4% in annual cost reductions for both the aerospace and automotive industries.
One area manufacturers are automating is internal audits, including the layered process audits (LPAs) required by several original equipment manufacturers (OEMs). These daily checks of high-risk processes are a best practice for reducing defects, but they’re also time-consuming when tracking a large volume of audits manually.
Given the understandable scrutiny on costs, the question for auto and aerospace manufacturers becomes whether paper-based or spreadsheet-based LPAs actually cost less than automation. Here we discuss various costs to consider, including administration, implementation and quality costs—as well as hidden costs that should figure into your decision.
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