【Smart Manufacturing 2.0】Series Report
Nowadays, the importance of smart manufacturing is undeniable. Research consistently reveals that industrial internet of things (IIoT), 5G, cloud and edge computing, artificial intelligence(AI), vision systems and other advanced technologies combined with smart factories can achieve flexible production, increase productivity, fulfil product customization while maintaining product quality and safety, thereby reducing the enterprises cost and increasing revenue.
Deloitte China Industrial Products and Construction team collaborated with Deloitte global professionals to publish a series of point of views and articles on advancing smart manufacturing. It covers various aspects of smart manufacturing, including how to successfully implement smart factory, driving innovation and new business models through Industry 4.0, scaling the smart factory to a smart network, and smart manufacturing ecosystem approach. The summary of each article is listed below. To read the detailed content, please click the full text link to download the article.
【Smart Manufacturing 2.0 series】Implementing the smart factory - New perspectives for driving value
Deloitte conducted more than 40 qualitative interviews with a global array of manufacturing leaders. Drawing from those interviews and building on Deloitte’s in-depth, collaborative study with the Manufacturers Alliance for Productivity and Innovation (MAPI), and our initial 2017 smart factories study, this report offers insight into lessons that can be drawn from leaders’ experiences with smart factory transformations.
We’ve divided our findings into two sections: firstly, positioning smart factory initiatives for value: lessons in smart factory transformations from those who have done it. Secondly, turning lessons into outcomes: realizing the value of smart factory transformations.
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【Smart Manufacturing 2.0 series】Swim, not just float
Driving innovation and new business models through Industry 4.0
Amid significant shifts in the global economic environment, many companies choose to stay put and try to protect their positions in the status quo. However, this can leave them exposed to the risk of being disrupted as those companies that are lagging in their digital journeys may be more likely to fall prey to competitive pressures. It is more important than ever for companies to focus on innovation in existing or new products and services and build new business models.
Industry 4.0 creates many opportunities for organizations to use advanced technologies across their entire value chains, driving operational excellence and business growth in multiple areas from products and services to supply chains and key stakeholders such as employees, partners, and customers.
【Smart Manufacturing 2.0 series】From one to many: Scaling the smart factory to a smart network
The COVID-19 pandemic has put unprecedented stress on global economies and highlighted as perhaps never before the importance of maintaining an agile supply chain and efficient manufacturing operations. Smart manufacturing systems, including industrial IoT, can play a larger role in the months and years ahead, offering organizations the ability to use their digital footprint to manage labor/ absenteeism risks, production scheduling complexities, and upstream and downstream supply chain risks. A network of smart factories could drive organizations’ overall competitiveness in the form of improved efficiencies and toplines—competitiveness that could be critical in the tough economic environment ahead.
【Smart Manufacturing 2.0 series】Accelerating smart manufacturing - The value of an ecosystem approach
As COVID-19 necessitates greater agility and speed, leaders should consider engaging in smart manufacturing ecosystems to accelerate digital transformation and drive results in the next normal.
In a recent CEO poll, 85% of leaders agreed or strongly agreed that investments in smart factories will rise by June 2021. And, while economists predict that overall business investments could be low for the next three cycles, respondents in the study indicated they are directing a greater share of their factory investments toward smart manufacturing initiatives.