There have been many process improvement trends in manufacturing over the decades, and none have had more significant ROI than machine monitoring. The increase in machine monitoring is owed in large part to the rise in popularity of the open and royalty-free interconnectivity standard MTConnect.
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Shops today must track or measure their manufacturing operations to improve them. This need drives the growing use of MTConnect—an open, royalty-free protocol for extracting data from practically any piece of equipment, including machine tools and other manufacturing systems. The integration of MTConnect is a major undertaking, and can be a bit challenging unless certain preparations are made ahead of time.
Tool presetting machines are a wise investment for machine shops that want to increase their machine utilization. Idle machine tools are often indicators of inefficient machining operations, and stopping a machine tool for any reason is synonymous to losing profits.