Smart Manufacturing in the era of Industry 4.0 / IoT
Smart Manufacturing transforms traditional plants from cost centers into profit centers by optimizing plant resources (man, machine, and material) and enabling it to a demand driven manufacturing for increased sales.
Traditional plants are cost centers, they make more in large lots and focuses on cutting costs in various ways (Outsourcing, limited change overs, …).
In the era of Industry 4.0 /IoT, Manufacturing have started optimizing plants assets and supply networks to transform them into profit centers. Manufacturers have already started gathering & integrating systems & processes on real-time across Sensors, Plant Automation, Supply Chain, R&D, and Enterprise systems to provide authentic information and an actionable intelligence not only to the business stakeholders but also to the operators at the plant to take decision instantly for any business critical exceptions.
This enables the plant to be more flexible or smart to respond to any unique customer need or supply & demand variations across the network.
Enables to reduce operational risk: Due to the last mile of connectivity to sensor, automation, smart meters, and maintenance systems: Not only it can sense but also can predict instantly for any operational risk associated with people, asset, and environment.
Fundamentally it’s going to change how products are innovated, manufactured, stored, shipped, and sold.