Smart Factory and Its benefits on the manufacturing industry
New Levels Reached with Smart Factory
Today you need not expand the 4 walls of your factory in order to achieve more. Imagine increasing your output with the same limited factors, now that is smart. A smart factory is a highly digitized and connected production facility that relies on smart manufacturing. Thought to be the so-called factory of the future is still in its infancy, the concept of the smart factory is considered an important outcome of the fourth industrial revolution, or Industry 4.0.
A factory is truly smart when all machinery and equipment are able to improve processes through automation and self-optimization. The benefits also extend beyond just the physical production of goods and into functions like planning, smart maintenance supply chain logistics, and even product development.
Used by manufacturing companies, a smart factory works by employing technology such as artificial intelligence (AI), robotics, analytics, big data and the internet of things (IoT) and can run largely autonomously with the ability to self-correct.
However, the operations take place inside the four walls of the factory. And all IIoT (industrial internet of things) devices make the process more seamless. The structure of a smart factory can include a combination of production, communication technologies and information, some with the potential for integration across the entire manufacturing supply chain.
Smart factories rely on smart manufacturing, which connects the plant to other entities in the digital supply network, enabling more effective supply chain management. They also rely on digital manufacturing, which uses a digital twin to connect a product digitally at all stages in its lifecycle.
Any technological change boosts the overall efficiency in any condition, especially in industry 4.0 dawning the rise of smart industry. With the rapid pace of technology, human-machine interfaces and better analytics, more businesses are expected to look for ways to create their own smart factory endeavours.
One of the key components in any smart industry is the maintenance system. A smart industry implies IIoT powered smart maintenance which is predictive maintenance. In contrast to preventive maintenance, this method of maintenance is much more sophisticated. Predictive maintenance (PdM) techniques are designed to help determine the condition of operating equipment in order to predict when maintenance should be performed. The chances left for the breakdown in preventive maintenance are no more.
The most immediate benefits of smart factories are –
- Leaner Process
- Maximum savings on order management cost
- Significant reduction in material handling cost
- Lowest inventory holding cost
- Highest availability
- Maximum flexibility
Smart Factory Logistics Systems are engineered to suit different manufacturing environments and production setups. This ensures maximum operational flexibility.
- Improved predictability
Infinite Uptime’s IDE (Industrial Data Enabler) calculates mechanical data through edge computing to deliver predictive maintenance.
- Increased agility
Using advance embedded sensors technology, Smart Factory Logistics Systems automatically recognize manufacturing demand fluctuation. This will allow the supply chain to respond with better agility.
- Proven Productivity
Based on the value-stream-mapping methodology, Smart Factory Logistics Advisory provides expertise for continuous and sustainable productivity improvement.
Today, smart factories have only seen their genesis. With the current technological force, it promises a great degree of advancement.