Saturday, 22 July 2017

Smart Factory - The Future of Manufacturing Industry

To make India a manufacturing hotspot for domestic as well as overseas players, the Make-in-India programme was launched in 2014. The future looks promising with Indian manufacturing sector geared up to hit the $1 trillion mark in the next ten years and generate 90 million domestic jobs. To achieve this, a smart factory set-up that includes CNC machine job, VMC job work, etc needs to be in place. This will help maintain operating costs and efficiency at every step of production. What needs to be observed is whether Indian manufacturers are up for the challenge and are digital-ready.

Smart Factory - The Future of Manufacturing Industry
What is a Smart Factory?

It is the merging of the virtual and the physical worlds through computer systems. Smart factory is touted to be the paradise of efficiency where downtime, defect, waste and waiting will be forgotten. The plant managers and CIOs will have to work together and illuminate every piece to make it globally acceptable. The rise of Internet of Things framework has propelled smart factories to a great extent.

On the shop floor CNC job work is used to share data among themselves. This creates a flow of real- time data that helps manufacturers understand the intricacies involved in their inventory, infrastructure and workflow status.

Benefits of Smart Factory

Lean Process With a significant reduction in material handling cost and low inventory holding cost, smart factories offer maximum savings on order management cost.

Maximum Operation Flexibility The logistics systems of smart factory are designed to suit several manufacturing environments and production houses. This ensures flexibility in operation.

[Read the full article on theengineeringportal.in]

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