All Modules
|Module 5|

Profit Formula: Economic Benefits of Twin Solutions for Manufacturing Businesses

Description

This module highlights the pivotal role of digital solutions in transforming manufacturing processes and supply chain management to enhance efficiency and reduce costs. It explores the Return on Investment (ROI) metric, emphasizing the potential of Industry 4.0 (I4.0) technology investments to drive revenue growth and operational savings. Additionally, the module delves into how digitalization enables manufacturing companies to create new revenue streams through innovative business models like Product-as-a-Service (PaaS) and Manufacturing as a Service (MaaS). These models not only improve profitability but also align with sustainability goals, fostering a green transition in business practices. Through theoretical insights and real-case examples, the module demonstrates the financial and technical benefits of embracing digital solutions in manufacturing.
Show More

Learning objectives

  • Understanding of digital solutions: Grasp how digital technologies like IoT and digital twins enhance operational efficiency and cost reduction.
  • Mastery of predictive maintenance: Learn how predictive maintenance prevents failures, reduces downtime, and extends equipment lifespan.
  • Proficiency in supply chain management: Acquire knowledge of optimizing supply chains through predictive analytics and real-time data management.
  • Data analysis skills: Develop the ability to collect, analyze, and interpret data for informed decision-making.
  • Software utilization expertise: Acquire skills in using specific software for predictive maintenance and supply chain optimization.
  • ROI evaluation competency: Understand ROI fundamentals, evaluate investments, and explore innovative business models like PaaS and MaaS.

Contents

Theory

Case Studies

Show what you have learned

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Education and Culture Executive Agency (EACEA). Neither the European Union nor EACEA can be held responsible for them.