A faster response – With greater flexibility
Digitalisation allows for new fabrication options with which manufacturers can respond faster and more flexibly to client needs. To take full advantage of these possibilities, however, innovative business models are needed. The three partners MHP, KUKA and Munich Re aim to digitise the whole value chain, realise a high quality end-to-end data flow, and meld areas and systems in the production development process that were previously unconnected.
Pooling core competences
The three companies are pooling their core competences: KUKA develops the robot-based, automated production; MHP provides its digitalisation expertise, offering consultancy on the closed-loop manufacturing approach throughout the project phase, and delivers systems integration. Munich Re rounds out the business model with integrated risk management and innovative finance models.
Sustainably boosting competitiveness
Through the innovative integration of end-to-end and embedded management of data and risk, SmartFactory as a Service accelerates the product development process and facilitates product testing and development in line with market requirements. SmartFactory as a Service will reduce new products’ time to market by up to 30%, thus significantly improving one of the most decisive competitive factors for manufacturers. For the first time, this makes flexible small-batch manufacturing commercially viable, and clients’ changing requirements for customised products can be fulfilled quicker.
SmartFactory as a Service enables manufacturers to focus on inspiring their clients while simultaneously increasing profitability.