Industry 4.0 Flashcards
1
Q
value chain
A
series of stages involved in producing - each stage adding value
2
Q
workflow
A
the way a particular type of work is organized
3
Q
lead time
A
time between design & production / ordering & receiving
4
Q
process optimization
A
discipline of adjusting a process so as to optimize some specifies set of parameters
5
Q
smart manufacturing
A
technically-driven approach utilizing internet-connected machinery to monitor production process
6
Q
smart factory
A
highly digitalized and connected production facility that relies on smart manufacturing
7
Q
automation
A
use of machines & computers that can operate without human control
8
Q
digitalization
A
to convert text/pictures into a digital form that can be processed by a computer
