Critical Review: Impact of Smart Manufacturing to Energy Savings
The goal of Smart Manufacturing is to take advantage of advancements in manufacturing technologies to make manufacturing more cost effective and energy efficient. Smart Manufacturing differs from traditional manufacturing in that smart manufacturing subsystems communicate with each other to allow them to adapt and optimize the manufacturing process. This can lead to improvements in production speed and much more robust and reliable parts. Smart Manufacturing also has the ability for greater customization for parts leading to reduced costs for the consumer and higher profits. A big part of the potential cost savings that come from Smart Manufacturing can be made through adjusting older, already existing, equipment by integrating new technologies into them. This includes things such as installing sensors to get feedback and control conveyor belts, pumps, and a variety of other equipment. Overall, Smart Manufacturing is going to be the next big industrial revolution by modernizing our current manufacturing systems to increase production and bring down costs at the same time. This foundational research study is focused on the collection of the most current studies in energy efficiency and its impact to overall cost factor in Smart Manufacturing.