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When is it best to make your own components?

Most manufacturers have relied on third-party vendors to make parts that are then incorporated into the final product. From automakers sourcing stereos and aircraft makers contracting for jet engines to a small bakery ordering plastic bags or a woodshop buying nails, producers of all types have supplemented their internal capabilities through a painstakingly developed supply chain of external vendors.

Taming the Most Detailed Product Data Imaginable

Some things are a given today. One is computing is cheap and powerful, and it is getting cheaper and more powerful. Another is the dropping price of industrial sensors. Combine this with easier ways of moving around data from those sensors and you get lots of data: Terabytes of data.

Sensors Help With IT/OT Integration … Outside the Factory

Smart sensors, already an integral feature of many manufacturing plants that are integrating IT and OT, are now making their way into the supply chain where they monitor reliability and shipping conditions, improve predictive maintenance and make just-in-time delivery (the innovation from the 1980s) easier.

Is Leveraging the IoT Really ‘Smart Manufacturing’?

Industry 4.0 is often referred to as smart manufacturing, where technology enables interconnectivity for machines and manufacturing software and systems. It also provides “Big Data,” increased visibility and remote access to manufacturing assets.