What is it?
Advanced manufacturing is the use of innovative technology to improve products or processes, with the relevant technology being described as “advanced,” “innovative,” or “cutting edge.” Advanced manufacturing industries “increasingly integrate new innovative technologies in both products and processes. The rate of technology adoption and the ability to use that technology to remain competitive and add value to define the advanced manufacturing sector.”[1]
World class manufacturing (WCM) “integrates the latest-generation machinery with (process/work) systems to facilitate ‘manufacturing’- based business development governed around manufactured[2] products only, duly based over a high accent on Product Substitution or New Product Development.”
“Advanced manufacturing centers upon improving the performance of US industry through the innovative application of technologies, processes and methods to product design and production.”[3] A 2010 survey of advanced manufacturing definitions by the White House states: “A concise definition of advanced manufacturing offered by some is manufacturing that entails the rapid transfer of science and technology (S&T) into manufacturing products and processes.” (PCAST, April 2010.)
Additional Reading:
Blockchain in the Factory of the Future
The Role of Blockchain in Manufacturing
What opportunities are available in South Carolina?
Who is in the industry in South Carolina?
Does your company work with Advanced Manufacturing in South Carolina? Please click here to reach out to SCETA and be highlighted.