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The Smart Real-Time Factory as a Product Service System

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Functional Thinking for Value Creation

Abstract

In modern manufacturing landscape, companies are increasingly relying on product service systems i.e. bundling of products and services together in order to gain a competitive edge. In this article we present the Smart Real-Time Factory, a smart digital manufacturing environment that can transform the process of production into an informational service for the customers. The different components of the smart factory are discussed at length along with a discussion of the different services that can be offered by the smart factory.

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Hameed, B. et al. (2011). The Smart Real-Time Factory as a Product Service System. In: Hesselbach, J., Herrmann, C. (eds) Functional Thinking for Value Creation. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-19689-8_57

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  • DOI: https://doi.org/10.1007/978-3-642-19689-8_57

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-19688-1

  • Online ISBN: 978-3-642-19689-8

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