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How best-in-class companies use digitalization for smart manufacturing

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Smart Manufacturing for Electronics

According to PwC, out of 2,000 manufacturers they studied, 86% expect to see cost reductions and revenue gains from their digitization efforts over the next five years. Smart manufacturing, akin to Industry 4.0, is a key digitalization strategy that helps companies achieve economic sustainability and is gaining ground as a way of addressing this rapidly changing landscape. It's all about increasing throughput, uptime and performance while reducing overhead costs, operating costs and capital costs.

However, understanding how and where to implement smart manufacturing in your manufacturing environment can be a daunting prospect. By using data and analytics manufacturers can diagnose the obstacles limiting productivity and causing failures. When you have the data at your fingertips in real time, the right people can make the right decisions to boost productivity and keep costs down. This provides new capabilities and business models that allow your business to grow.

Please join us while we take a deeper dive into some of the new and fascinating technological advances that are transforming the electronics industry.

Key Takeaways

  • Discover the benefits of transforming your company's journey into a digital enterprise one area at a time, by putting some basic ideas into context with the stages of ideation, realization and utilization.
  • Discuss key challenges that manufacturers face, like mechanical and electronics assembly planning and execution in disconnected environments and the benefits of open, intelligent data exchange formats.
  • How "First time right" a combination of seamless NPI (New Product Introduction), increased manufacturing flexibility and manufacturing enforcement plays a critical role in bringing high-performance, reliable and cost-effective products to market faster.
  • Discover how Siemens Fürth overcame its challenges with areas of disconnected systems and processes that were impacting its ability to optimize its manufacturing processes and material flow.