Smart Manufacturing Technology: What It Means to the Future of Business
Smart Manufacturing technology is more than just a buzz phrase about today’s technology and its role in the future of worldwide manufacturing. The term accurately describes the convergence of every component of manufacturing, particularly access and integration of all relevant data. The goal of Smart Manufacturing is to provide internal and external (competitive) intelligence, which is a critical driver of global marketplace success. Ideally, Smart Manufacturing’s promise is to deliver innovation that disrupts the marketplace with new insights and actionable steps that will lead to higher and more sustained growth rates, especially for companies that know how to use data to their advantage.
Smart Manufacturing is more than efficient production. It represents an evolutionary approach that spells the end of a silo mentality often displayed by plants in the same company that operate independently of each other. Instead, Smart Manufacturing fosters interconnected operations that lead to better run plants and less costly operations.