- GENERATING DATA
- Supply Chain – Integrated supply chain extending beyond company boundaries, value-added networks from end customers and suppliers all the way to subcontractors
- Inventory Management – Predictive inventory management; when the warehouse can predict its short-term needs, just-in-time delivery
- IoT in the Production Area – Sensor data from production lines, predictive maintenance for machines
- Communication Channels to Customers and Suppliers – People, machines
- USING DATA
- Link the core product and supplementary data-driven services to generate and offer innovative solutions, for example customers lease production capacities instead of purchasing machines, manufacturing as a service
- ADDING VALUE WITH DATA
- New business opportunities (delivering a benefit for a limited time period instead of selling the physical product)
- Increase customer loyalty and reduce competition by providing complementary added value
- Reduce downtime via timely prevention of errors or malfunctions
- Shorter changeover times driven by adaptive production planning
- Reduced inventory levels with predictive planning and real time monitoring of upstream value-added steps
- Enhanced customer service driven by real time monitoring of product performance (B2B vs. B2C)
- Shorter innovation cycles using digital prototypes
