5 Steps for Creating a Common Language to Define Manufacturing Innovation
As we hear more about Industry 4.0; Industrial Internet of Things, and The Digital Factory, it might be a good time to reflect and develop a “Common Language” as it pertains to the word “Manufacturing.”
Since every word has specific meaning, we should ensure that terms such as “Manufacturing” and “Manufacturing Technology” are understood and articulated with a shared language.
This effort could also serve a very useful purpose as we review the developments in the past century and plan ahead for future ones.
“Manufacturing” is the REPETITIVE use of an organized collection of Physical processes, Information Processes and the combination of the two to achieve the “Product” at the required quantity, quality, cost, time and place.
It is the repetitive use of all processes that distinguish “manufacturing” from research, design, product development, etc.
Our presenter will discuss:
• Learn how manufacturing is where the action happens as much as supply chain and logistics management;
• That manufacturing is the repetitive use of an organized combination of physical processes and information processes;
• Ways in which core competencies are enabled by physical process technology;
• A binary model for manufacturing focused on Value Manufacturing Vs. Volume Manufacturing;
• How to determine your Value Addition Score (VASC) for Manufacturing.
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