How to Define, Estimate, and Prove Out the Value of Smart Manufacturing Technologies
EAST Session: Abstract : Manufacturers are keen and pragmatic on how their capital is used to advance their state of manufacturing. And it is clear to them how investments in physical assets bring operational value. What is not so clear is the value-add of technology to their operations. In this session, you will learn how to translate the value of technology to operations to facilitate internal planning and justification for technology investments. You will learn how to build a business case around technology to show the expected value and ROI of that investment. Using this approach, the project team can report the financial gains to key constituents to help with continued funding and support. Significance/Importance : Manufacturers are keen and pragmatic on how their capital is used to advance their state of manufacturing. And it is clear to them how investments in physical assets bring operational value. What is not so clear is the value-add of technology to their operations. In this session, you will learn how to translate the value of technology to operations to facilitate internal planning and justification for technology investments.