Comparing the performance of different factories by Factory Activity Level
Several big economics impacts hit the manufacturing industries in a harsh way causing insufficient orders and unstable supplies.
In the world of manufacturing industries, the questions on catching up with the dynamic information (e.g. orders and manufacturing capacity) become even more crucial.
Fygen offers these kinds of quantitative data: We monitor real-time factory activity, i.e. the performance of any manufacturing factories in the world. In other words: Fygen is offering external factory monitoring.
Real-world examples
Let’s take two factories in the energy sector (power transmission & distribution) located in the US as an example, comparing in the same period (03.01.2022 vs. 24.03.2022). The analysis was done on the basis on Fygen’s Factory Activity Monitoring.
Pa Transformers Technology
From Figure 1, our activity monitor shows that Pa Transformers Technology (“Pa Transformers”) has experienced a very sharp drop (-40%) from the beginning of 2022 until now.
Prolec GE Goldsboro factory
On the other hand (Figure 2), its direct competitor Prolec GE Transformer Solution Goldsboro factory (former SPX Transformer Solution; acquired by Prolec GE in 2021) maintains a stable activity level in the same period.
Our novel factory activity index reflects the workforce inside the factory, where it is very sensitive to shifts, orders, and production and more. In addition, we are tracking factory-related traffic patterns.
To closely track its real-time development, we offer an exclusive monitoring service on the power transformers market.
Fygen.com declares that, despite aiming to deliver the most accurate and reliable data, it cannot be excluded that observations in the data might be caused or influenced by other external factors, and hence any inaccuracy.
Fygen.com is the world’s leading data provider for factory observation. It helps its clients to monitor utilization rates and activity levels of potentially more than 3 million industrial sites globally.
All data can be aggregated in order to gain a big picture. No matter if it is about a ticker symbol, a sector or any other kind of data buckets.
Key questions to answer:
- How is a factory/company/sector performing in terms of output?
- How has productivity developed over time?
- Are there abnormalities in factory activity?
By using the platform, clients can:
- Be the first to know about any trend in factory data
- Predict upcoming developments
- Make comparisons to any kind of peer groups
Production data is of top 5 economic indicators, but there was no real-time data available until recently. Fygen is set to provide an advanced alternative to Purchasing Managers Index (PMI) data.
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