Smart manufacturing in our digital-economy.
The digital economy is more and more characterized by its ability to
streamline and rationalize our critical processes with actionable data, to
produce tangible and auditable metrics in real-time.
The concept of smart manufacturing is based on these realities. Here, a set
of critical questions such as: why, where, when, what, who, and how?, are
unmatched.
Connectikpeople.co can define the smart manufacturing, as the convergence
of data acquisition, analytics, and automated control to improve the overall
effectiveness of a company's factory network.
According to IDC Manufacturing Insights, smart manufacturing transitions the production function from one that is
capacity centric to one that is capability centric.
His new report on this topic provides a strategy guide for implementing
smart manufacturing.
Key findings of the new report include:
- Use the overall equipment effectiveness (OEE) equation to understand the potential benefits, and tie those benefits to financial metrics such as revenue, costs, and asset levels to justify investment.
- Broaden the OEE beyond individual pieces of equipment to look at the overall impact on product lines, factories, and the whole network of production facilities.
- Technology investment can be separated into capabilities related to connectivity, data acquisition, analytics, and actuation.
- A unifying architecture is required to bring the technology pieces together.
- Move toward an integrated governance model that incorporates both operation technology (OT) and information technology (IT) resources.
- Choose an investment cadence based on the level of executive support for smart manufacturing.
