Smart Manufacturing

Historic manufacturing enterprises based on vertically optimized companies, practices, market share, and competitiveness are giving way to enterprises that are responsive across an entire value chain to demand dynamic markets and customized product value adds; increased expectations for environmenta...

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Bibliographic Details
Published in:Annual review of chemical and biomolecular engineering 2015-07, Vol.6 (1), p.141-160
Main Authors: Davis, Jim, Edgar, Thomas, Graybill, Robert, Korambath, Prakashan, Schott, Brian, Swink, Denise, Wang, Jianwu, Wetzel, Jim
Format: Article
Language:English
Subjects:
advanced manufacturing
advanced sensing
Commerce - economics
Commerce - instrumentation
Commerce - methods
Conservation of Energy Resources - economics
Conservation of Energy Resources - methods
control and platforms
Database Management Systems - economics
Demand
digital manufacturing
Environment
Food Industry - economics
Food Industry - instrumentation
Food Industry - methods
Historic
Humans
Information technology
Innovation
Manufacturing Industry - economics
Manufacturing Industry - instrumentation
Manufacturing Industry - methods
Markets
Networks
Productivity
Renewable energy
smart manufacturing
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Summary:Historic manufacturing enterprises based on vertically optimized companies, practices, market share, and competitiveness are giving way to enterprises that are responsive across an entire value chain to demand dynamic markets and customized product value adds; increased expectations for environmental sustainability, reduced energy usage, and zero incidents; and faster technology and product adoption. Agile innovation and manufacturing combined with radically increased productivity become engines for competitiveness and reinvestment, not simply for decreased cost. A focus on agility, productivity, energy, and environmental sustainability produces opportunities that are far beyond reducing market volatility. Agility directly impacts innovation, time-to-market, and faster, broader exploration of the trade space. These changes, the forces driving them, and new network-based information technologies offering unprecedented insights and analysis are motivating the advent of smart manufacturing and new information technology infrastructure for manufacturing.
ISSN:1947-5438
1947-5446
DOI:10.1146/annurev-chembioeng-061114-123255