Mentor/s
Professor Mahfuja Malik and Professor Suzanne Marmo-Roman
Participation Type
Poster
Abstract
Smart Manufacturing is touted to be the next or Fourth Industrial Revolution. At its core, SM is the integration of product development through production and servicing with the goal to optimize value and profitability for manufacturers. SM promises among other things, efficiency, predictive analytics, reduced costs/waste, and access to troubleshooting capability from anywhere in the world through Digital Twins. Yet, its true value for manufacturers lies in its ability to grow and change with the shifting needs of an organization. Despite some hesitation by U.S. manufacturers in its adoption, due to labor and technology costs and the legal and ethical uncertainties, the many benefits realized by Smart Manufacturing, more significantly, the opportunities it affords Small-and-Medium-Sized Enterprises to continue to manufacture increasingly high value, high-profit margin parts and products in the U.S., and to remain globally competitive, will eventually lead to manufacturers’ acceptance of Smart Manufacturing.
College and Major available
Welch College of Business, Accounting, Management BS
Location
Digital Commons & West Campus West Building
Start Day/Time
4-29-2022 1:00 PM
End Day/Time
4-29-2022 4:00 PM
Prize Categories
Best Multidisciplinary Research or Collaboration, Most Scholarly Impact or Potential, Most Creative
Manufacturers’ Dilemma: The Benefits, Risks, Policies, Laws, and Ethics of Smart Manufacturing
Digital Commons & West Campus West Building
Smart Manufacturing is touted to be the next or Fourth Industrial Revolution. At its core, SM is the integration of product development through production and servicing with the goal to optimize value and profitability for manufacturers. SM promises among other things, efficiency, predictive analytics, reduced costs/waste, and access to troubleshooting capability from anywhere in the world through Digital Twins. Yet, its true value for manufacturers lies in its ability to grow and change with the shifting needs of an organization. Despite some hesitation by U.S. manufacturers in its adoption, due to labor and technology costs and the legal and ethical uncertainties, the many benefits realized by Smart Manufacturing, more significantly, the opportunities it affords Small-and-Medium-Sized Enterprises to continue to manufacture increasingly high value, high-profit margin parts and products in the U.S., and to remain globally competitive, will eventually lead to manufacturers’ acceptance of Smart Manufacturing.
Students' Information
Justin Marc Moran
SACRED HEART UNIVERSITY, WELCH COLLEGE OF BUSINESS & TECHNOLOGY
Bachelor of Science in Accounting/Management, May 2022
Honors: Thomas More Honor Society; Dean’s List 2018-2021
Honorable mention, Dean's Prize: Welch College of Business & Technology 2022 award.