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08: SMART MANUFACTURING AND THE FACTORY OF THE FUTURE

      https://doi.org/10.1142/9789811222313_0008Cited by:0 (Source: Crossref)
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      Abstract:

      Smart factories represent the fusion of a myriad of technologies and business approaches to production in manufacturing. In its fully-optimized form, smart factories can evolve to be adaptable systems that can enable continuous improvements of processes and optimize supply chain planning.

      In this chapter, we explore the convergence and fusion of various technologies to describe the Factory of the Future. We detail how manufacturing will be transformed in the digital era through technologies that have defined it such as AI, IoT, and Machine Learning to form the Digital Twin and the emergence of Cyber-Physical Systems (CPS). We analyze the shifts in manufacturing practices, and illustrate several key factors that will shape the future manufacturing environment such as manufacturing operations, Lean Production principles, advanced prototype modelling, IIoT, and the use of integrated manufacturing analytics and the transformation of value chains to value network. We conclude with our thoughts on sustainable innovation and the workforce of the future with increasing scarcity of proficient IR4.0 professionals to support and build the future.