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Energy Business Review | Tuesday, August 30, 2022
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Businesses will experience increased efficiency, visibility, and innovation throughout the product value chain and lifespan by integrating data and processes across the digital thread.
Fremont, CA: Today's forward-looking manufacturers no longer see sustainability programs as additional costs, but rather as ways to differentiate and increase the value of their products in an increasingly competitive global marketplace. Moreover, manufacturers understand that sustainable production is not just an expense that must be offset somewhere else in the manufacturing process.
Today, successful industrial operations increasingly include sustainable production principles into their DNA. Increased market share might result from investments in sustainable goods and business practices. To address the requirements of the current generation of consumers, they achieve this by opening up new avenues for discovering, inventing, producing, and selling more sustainable products.
Utilizing the digital thread and related technology can help businesses today drastically decrease their global impact (instead of adding to it). Once more, these adjustments shouldn't be viewed as a cost or hardship that a firm must suffer. As a substitute, they provide countless chances for firms to prosper via innovation. Businesses will experience increased efficiency, visibility, and innovation throughout the product value chain and lifespan by integrating data and processes across the digital thread. This implies that everything gets raised to sustainable standards, including the materials and energy utilized in their production. Let's see a few instances of how the digital thread promotes sustainability:
• Virtual design and development
Virtual design and development skills remove or greatly minimize the need for physical prototypes and material waste.
• Product Lifecycle Management:
The platform for tracking and reporting sustainability gets created by Digital Thread, which controls the product definition, including information about the product, materials, and supply chain.
• AR/VR/XR:
Augmented reality apps can improve the design process.
• Process Emulation:
Manufacturing and packaging processes can get digitally evaluated in real-time to reduce waste from research and trial lots or batches.
• Supply Chain Optimization:
Utilizing global patterns, the technology identifies material and supplier limits and directs users to a sensible workaround.
• Integration of Distributed Energy or Renewables:
Digital thread facilitates renewable asset planning, dispatch management, and setup to lower peak demand charges and carbon footprint.
• Intelligent Operations:
Automation, learning, & advanced analytics can improve manufacturing operations and resource optimization, product quality, and asset performance. These improvements include overall equipment effectiveness (OEE), OEE per unit of output (OEE), and OEE per unit of output (OEE).
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