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When drilling a well, clearing a forest or excavating a building site, experienced operators count on their toughest equipment to help them get the job done.

Road to maturity involves safeguarding supply chains, treating security with the same urgency as safety, for starters.

If you look at all the companies that were on the Fortune 500 list in 1990, “a very large percentage of them are not there anymore,” David Brousell, executive director of the Manufacturing Leadership Council, told people attending his talk on “Manufacturing 4.0” at Oracle’s recent Modern Business Experience conference.

On-time delivery (OTD), a measurement of the level of finish goods or services delivered when promised and in full, is a signal of efficiency that reveals how well operations is doing.

Within manufacturing, a shift has begun to extend big data analytics and condition monitoring beyond the factory door to both ends of the supply chain—to customers, other end users and to second-and third-tier suppliers.

Additive manufacturing (AM) refers to processes used to make a three-dimension object layer-by-layer. The shape of each layer can be dynamically controlled by computer-aided design (CAD).

Several years ago, a global commercial vehicle maker asked my firm to develop a remote fleet management, health and performance portal that would open a new revenue stream.

The industrial revolution of today, called Industry 4.0, is driven by the interconnectedness of advanced technology, automation, robotics, and real-time data, also called the Internet of Things (IoT). While these cyber-physical systems can autonomously exchange information to trigger actions and make decentralized decisions, it’s impossible to dismiss the importance of the human element in manufacturing.

Throughout 2018, SME has published a series of Smart Manufacturing Industry Reports, with the third being released at IMTS this month. The reports, available at sme.org/reports, detail the necessity and advantages of smart manufacturing, the challenges to implementing digital solutions, and, finally, keys to implementing the technologies and tools.

One of the fastest growing automotive markets in the world is India, and one of the most successful companies there is a company called Maruti Suzuki. Maruti formed a partnership with Suzuki in the 1980s.