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Smart Manufacturing
A smart manufacturing system uses sensors, robots, and other technologies to automate parts of the production process. Smart manufacturing systems are typically used for highly specialized tasks that require precise control over temperature, pressure, or position. These systems can be expensive, but they also offer many benefits, such as reduced labor costs and increased productivity.
What Small and Midsize Businesses Need to Know About Smart Manufacturing
A smart manufacturing system may be a good investment for small businesses that can afford it. These systems' increased efficiency and precision can lead to a significant return on investment over time. The most crucial advantage of smart manufacturing systems for SMBs is optimizing production processes using real-time data from sensors throughout the factory floor. By collecting this information in one place, SMBs can quickly identify process improvements that allow them to compete with more prominent manufacturers.
Related terms
- Procurement
- Bill of Materials (BOM)
- Advanced Driver Assistance Systems (ADAS)
- Smart Factory
- Strategic Sourcing
- Value-Added Reseller (VAR)
- Telematics
- Supply Chain
- Vendor
- Enterprise Resource Planning (ERP)
- Supply Chain Planning (SCP)
- Scanner
- SCADA (Supervisory Control and Data Acquisition)
- Total Quality Management (TQM)
- Vendor Management
- Senpai
- Radio-frequency Identification (RFID)
- Loopback
- Total Cost of Ownership (TCO)
- Electro Mobility (e-Mobility)
