First and Last Name/s of Presenters

Justin MoranFollow

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

Course Name and Number, Professor Name

HN 300-A: Honors Capstone, Professor Mahfuja Malik and Professor Suzanne Marmo-Roman

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

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.

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Apr 29th, 1:00 PM Apr 29th, 4:00 PM

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.

 

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