To be able to leverage the benefits of Smart Manufacturing and Industry 4.0, standardization and precisely defined processes and products are required. When first time right, efficiency and effectiveness are our goals, then we need to define and maintain our manufacturing master data carefully. Obvious, you would say. But too often, master data are completely forgotten or only partially taken into account at best.
Not only for new product development and introductions it is important to define how a product looks like and how it must be put together. It is crucial for any product, process at any stage to be successful as a manufacturer. To maintain standardized and well-structured processes for manufacturing master data, supported by the right tools, is an excellent starting point.
- Definitions, Trends and Observations
- Product Lifecycle and New Product Development and Introductions
- Governance: Organization and Ownership
- Master Data Maturity
- Conclusion and Wrap-up