Resource Sharing and Business Convenience in Smart Manufacturing

Abstract

Globally, Smart Manufacturing has set its stage and this readiness has made a huge impact on the manufacturing techniques and standards. Using smart manufacturing techniques, India has an opportunity to pave its way to achieve the objective and aim of the ‘Make in India’ mission. The major objective is to encourage multi-national as well as national companies to manufacture products using state-of-the-art machinery, Industrial Internet of Things (IIoT), reliable resource sharing methods and other smart manufacturing components such as Big data, cloud computing, simulations, artificial intelligence and collaborative robots.  This paper incorporates the resource sharing and networking methods and analogies used in Smart Manufacturing. Due to the increased production of goods using traditional techniques, an adaptation of Smart factories and shops is difficult and farfetched. Cloud-Based Design and Manufacturing (CBDM) has also taken a huge leap due to the rise of Smart Manufacturing. It refers to the transformation of a consumer-based product to a prosumer-based product development network. Using the concept of Cyber manufacturing and Predictive Engineering, manufacturing takes advantage of the advancements in Information Technology, making the journey from raw material to finished product much cheaper and faster.  The creativity of Smart Manufacturing allows companies to make their quality control plan flexible and in reference to recent standards. Most importantly, it provides customers with what they need at an improved pace and a higher quality.