Oracle: connected industrial manufacturing with Industry 4.0
Industry 4.0 turning ‘what happ...
Manufacturing global takes a closer look at how industry 4.0 is driving connectivity within industrial manufacturing.
Industry 4.0 turning ‘what happened’ into ‘what will happen’. Via connectivity, advanced analytics and artificial intelligence (AI), industry 4.0 is creating autonomous manufacturing capabilities in the industry, with new technology driving innovation and forcing market disruption. As a result of IoT, AI, and cloud computing technology industry 4.0 is driving the transformation of product innovation, customer and field service, smart factories and value chain visibility.
While the physical product still remains important, for industrial manufacturers mastering the use of data and understanding the lifecycle of a product is becoming increasingly important.
Oracle highlights that with this understanding, “tremendous business opportunities and improvements can be made when product lifecycle management (PLM) process is enabled with the digital thread and business management is expanded into the customer’s operational domain.”
Using a connected feedback loop from customer usage, an innovative PLM process can improve product quality, assess new ideas, continuously improve offerings and shorten development cycles.
Industry 4.0 extends this into product end of life and critical customer expectations, product development and market opportunities.
By connecting production machines to manufacturing processes, smart factory solutions drive greater predictability and resolve maintenance requirements, reduce downtime and costs, and improve quality.
By harnessing IoT production monitoring manufacturers can manage productions at not only machine level, but plant, regional and global levels, to identify and monitor key performance indicators generating alerts and automated actions for manufacturing management. This technology harnesses machine learning, predictive maintenance and real-time monitoring to expand a company’s capabilities for Big Data.
With the introduction of Industry 4.0, digitalisation is transforming organisations in terms of how equipment is serviced, how an organisation strategically goes to market and how customer relationships are managed.
This transformation is being driven by real-time asset data collection which provides business opportunities not possible a few years ago. Real time sensor data informs businesses on what is happening in the field, while real time data analytics provides information on what will happen.
This predictive maintenance and asset health analytics results in a proactive management approach to service, based on usage of environmental variables and key diagnostic values.
Driven by the need to be agile, organisations are demanding ‘products as a service’ relationships from suppliers. Industrial manufacturers are required to design smart products to support customer demand and support changing business models.
Connected value chain
Digitalisation, a process which is transforming traditional operations and building new capabilities. Oracle explains that as the number of IoT devices, RFID chips and GPS trackers continue to grow, so does the ability to innovate traditional supply chains. The entire value chain can now experience complete innovation to drive true business value for manufacturers, partners and customers.
“While Industrial manufacturers are well versed in the value of real-time data acquisition and management action, the historical efforts and successes have largely been confined to the four walls of the factory,” comments Oracle.
Industry 4.0 concepts enable manufacturers to enhance and extend the visibility and control of value streams. Increased real-time clarity and detail within the value chain can provide organisations with a true understanding of almost every aspect of the supply chain including lead-times, cost of components of materials, material availability and logistics.
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Lion Electric to Construct US EV Manufacturing Facility
Who is Lion Electric?
Founded in 2008, is an innovative manufacturer of all-electric, zero-emissions, medium and heavy-duty urban vehicles. Lion Electric designs, manufactures, and assembles all components for its vehicles that have unique features specifically adapted to the users and their needs. “We believe that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life,” believes Lion Electric.
Lion Electric’s new Illinois Manufacturing Facility
Just two months after announcing plans to construct a battery manufacturing plant and innovation centre in Quebec, Lion Electric is expanding its locations further, selecting Joliet, Illinois for its new manufacturing facility in the US.
The new facility is said to “represent the largest dedicated production site for zero-emission medium and heavy-duty vehicles in the US,” as well as being the company’s biggest footprint in the market. The new facility will give Lion Electric the capacity to meet increasing demand for ‘Made in America’ zero-emission vehicles and bring production closer to customers.
It is expected that the first vehicles off the production line will be in the second half of 2022.
“Lion’s historic investment to bring its largest production facility to Illinois represents not only a win for our communities, but a strong step forward in our work to expand clean energy alternatives and the jobs they bring to our communities,” said Gov. J.B. Pritzker.
“The new Joliet facility will put Illinois at the forefront of a national movement to transition to zero-emission vehicle use, advancing our own goals of putting one million of these cars on the road by 2030. In Illinois, we know that a clean energy economy is about more than just vehicles – it’s about healthier communities and jobs for those who live there. We are excited to welcome Lion to the Land of Lincoln and look forward to their future success here.”
Lion Electric’s Agreement with the Government of Illinois
Over the next three years, Lion Electric will invest a minimum of US$70mn into Illinois. The new facility - totalling 900,000 square feet - is expected to create a minimum of 745 clean energy direct jobs in the next three years, and have an annual production capacity of up to 20,000 all electric buses and trucks.
Scaling electric bus production and decarbonising freight and transportation
As the US moves to electrifying its school buses, the additional production capacity at the facility will help Lion Electric to scale its electric bus production, as well as produce an increased volume of heavy-duty zero-emission trucks to help governments and operators in the US further the decarbonisation of freight and transportation fleets.
“Lion is the leader in electric school buses and has always been dedicated to the U.S. market, and our commitment to be close to our customers is one of the core values we have as a company. This significant expansion into the U.S. market will not only allow us to drastically increase our overall manufacturing capacity of electric trucks and buses but to also better serve our customers, while adding critical clean manufacturing jobs that will form the backbone of the green economy,” said Marc Bedard, CEO and Founder of Lion.
“I also want to acknowledge the crucial role that P33 and Intersect Illinois, civic groups committed to developing developing a long-term roadmap for the local tech industry, played in connecting Lion with the Chicago area’s business and civic community to help further commercial traction, as well as engagement with key workforce and supplier partners.”