Smart manufacturing, also known as Industry 4.0 or the Industrial Internet of Things (IIoT), is a subset of lean manufacturing, which manages the factory floor to improve quality, efficiency, and flexibility. In smart manufacturing, data from sensors and other technologies are used to monitor production so that it can be adjusted on-the-fly as needed. This allows for more flexibility in response to changing market conditions or other factors, such as changes in raw materials costs or availability.
Smart manufacturing is being implemented in various industries and sectors worldwide. Some of these businesses are known as smart factories. Here are some examples of where smart manufacturing is commonly used:
Smart manufacturing offers numerous benefits that can significantly enhance various aspects of production processes, including:
Lean manufacturing is a process of eliminating waste. It focuses on the production process and how to improve it by removing unnecessary steps or materials. Smart manufacturing expands on this idea to include the entire value stream, from design to delivery.
Smart manufacturing uses data to decide what products are being made, how they're being made, who will use them, and how much they'll cost. This allows manufacturers to focus on producing what customers really want instead of guessing what might be popular or profitable (and then making too much).
The cost of implementing a smart manufacturing strategy can vary widely depending on several factors, including the size and complexity of the manufacturing operation, the specific technologies and systems being implemented, and the level of integration required.
Smart manufacturing eliminates unnecessary steps in the production process by rethinking how things are done and redesigning products. Hence, they're easier for customers to use and for employees to assemble or manufacture on their own terms.
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