Consider how smart manufacturing might be used in your business or a business that is comparable to yours in order to better comprehend the concept. You can better grasp the value of Industry 4.0 in a manufacturing operation by considering the following three use cases: Consider how smart manufacturing might be used in your business or a business that is comparable to yours in order to better comprehend the concept. You can better grasp the value of Industry 4.0 in a manufacturing operation by considering the following three use cases:
- Supply chain management and optimization: Industry 4.0 technologies allow companies more knowledge, control, and data visibility throughout their whole supply chain. Companies can outperform less-efficient rivals by using supply chain management capabilities to get goods and services to market more quickly, more affordably, and of higher quality.
- Predictive maintenance/analytics— With the help of Industry 4.0 technology, manufacturers may anticipate when potential issues will develop before they really do. Preventive maintenance is performed at your factory based on schedule or time when IoT systems are not installed. It is, thus, a manual task. Preventive maintenance is significantly more automated and streamlined with IoT solutions in place. Systems can alert you when difficulties are developing or equipment needs to be repaired, enabling you to address possible problems before they grow into more serious ones. In addition to asking proactive questions like “what is going to happen” and “what can we do to prevent it from happening,” predictive analytics enables businesses to answer reactionary questions like “what has happened?” and “why did it happen.” Manufacturers may go from preventive maintenance to predictive maintenance with the use of these analytics.
Consider how smart manufacturing might be used in your business or a business that is comparable to yours in order to better comprehend the concept.
- Asset tracking and optimization – Industry 4.0 technologies assist manufacturers in using assets more effectively at every stage of the supply chain, giving them a greater understanding of inventory, quality, and logistical optimization options. Employees at a factory with IoT can have better global visibility of their assets. Asset transfers, disposals, reclassifications, and adjustments are examples of common asset management processes that can be streamlined, handled centrally, and controlled in real time.
Reviewing these use cases is meant to get you to start imagining and planning how smart manufacturing may fit into your own business. How can you tell if Industry 4.0 is the appropriate fit for your business?
