Smart manufacturing is the use of advanced technologies, such as AI and the IIoT, to increase the efficiency of traditional manufacturing processes.
Smart manufacturing, on the other hand, is a collaborative, fully-integrated manufacturing system that responds in real-time to meet changing the conditions and demands in the factory, in the supply network, and in the needs of the customers. The goal of smart manufacturing is to optimize the ...
A smart factory is a highly digitized and connected production facility that relies onsmart manufacturing. Thought to be the so-called factory of the future and still in its infancy, the concept of the smart factory is considered an important outcome of the fourth industrial revolution, orIndustry...
This post is the first installment (Part 1A) of six regarding the concept of Smart Manufacturing (SM). This series aims to inform manufacturers of SM’s components, how it affects business performance, economics and plans, its importance in the value chain, how it changes the workforce and t...
Another important innovation is theIndustrial Internet of things (IIoT), also known asIndustry 4.0. IIoT is the general term for the proliferation of inexpensive, smart, connected sensors and devices that can be used to monitor and control virtually anything and everything throughout the entire ...
What a smart factory really is – a definition Based on our research, a smart factory is “the holistic transformation of people, processes, and technologies along with the use of data to achieve the intended performance/business goals of one or more production site(s).” It is important to...
Definition of smart materials Smart materials are materials reacting to external stimulations and have one or more properties. We could also call them responsive materials. These objects can change shape or behaviors with hot water, pressure, chemical, light or heat. ...
CAD stands for computer-aided design and is a way to digitally create 2D drawings and 3D models of real-world products before they’re ever manufactured.
The acronym ERP stands for Enterprise Resource Planning. The definition of ERP is that, “it is a software that unifies and integrates various arms of an organization and helps the company automate most of its operations.” Additionally, ERP can also help with highly advanced technical forecasting...
Multicurrency bank accounts: Definition & how they work What are electronic payments and how do they work?BILL and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be ...