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Factories of the Future - and What They Mean for
Your Business
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Industry 4.0. Industry 4.0 is a collective term drawing together Cyber-Physical Systems, the Internet of Things and the Internet of Services in the vision of a “Smart Factory”.
It’s more than a mere buzzword.
From Germany to Japan, enterprises both big and small are talking about Industry 4.0’s ‘factories of the future’.
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But how will this supposed digital movement benefit your enterprise and how it operates in the future?
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“Cyber-Physical Systems”aka Semi-Autonomous Robotics
It’s a bit like Lego, but smarter.
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“Cyber-Physical Systems”aka Semi-Autonomous Robotics
Robotics act as cost-effective interconnected modules, able to communicate with one another and move independently across the factory floor, automating the entire manufacturing process.
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Pros for your business:
Offers the ultimate in scalability depending on your needs.
Makes the manufacturing process quicker, cheaper and more reliable, and aids in ‘reshoring’ strategies.
Enables high wage-paying countries to compete in a cost effective manner with the cheap labour offered by countries such as China.
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Should Employees Fear Industry 4.0?
75%of supply chain and operations executives say that employees will be “at the centre” of the automated factory.
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“Additive Manufacturing”aka 3D Printing
A cost-effective solution for high-value, low volume parts and increasingly for production parts too.
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Pros for your business:
Reduce the time and costs associated with creating new parts.
Increase in output and range of parts.
Decrease in cost per unit.
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An example?
40 millionunique dental moulds are created by Invisalign annually.
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Over the past four years, deploying additive manufacturing techniques have seen a:
4xincrease in the company’s output.
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48%decrease in unit costs.
Over the past four years, deploying additive manufacturing techniques have seen a:
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50%reduction in the time required to ramp up new production.
Over the past four years, deploying additive manufacturing techniques have seen a:
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“Factory Digitisation”aka analysing production steps on a unit, not batch, level.
From logistics to automation, digitisation in the factories of the future will offer manufacturers the ability to fulfil customers’ orders effectively, no matter the level of customisation required.
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Pros for your business:Digitally plan and simulate your products before manufacturing even begins.
Execute production processes and monitor on a unit-by-unit level.
Incorporate value-added updates to existing product lines, offering potentially limitless levels of customisation and up/cross-selling opportunities.
Embrace data analysis to improve ongoing performance and products.
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In other words…
… the factories of the future are about manufacturing capability.
… if the factories of the past were about manufacturing capacity…
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And manufacturing is already waking up to the potential of Industry 4.0:
38%of supply chain and operations executives are ‘gathering information’ about designing the factory of the future.
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And manufacturing is already waking up to the potential of Industry 4.0:
32%have a formal initiative in place.
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The question is – how could your manufacturing SME plan to embrace the benefits of Industry 4.0?
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Takeaways:
Be ready to consider robotics to optimise your manufacturing output.
Embrace adaptive manufacturing techniques to increase responsiveness and decrease costs.
Unlock your potential with increased visibility of your production lines via digitisation.
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Discover what else lies ahead for manufacturing, download:
Top three management challenges for manufacturers that will dominate 2016
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The Top Three Management Challenges for Manufacturers That Will Dominate 2016
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