Transitioning t to Industry 4 y 4.0 Event Sponsors Welcome and - - PowerPoint PPT Presentation

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Apr 10, 2024 545 likes •630 views

Manufacturing Workshop Series Transitioning t to Industry 4 y 4.0 Event Sponsors Welcome and Introduction Wabash Heartland Manufacturing Group Workshop Series. By Ted Fiock Purdue WHIN Managing Director Transitioning to

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Event Sponsors

Manufacturing Workshop Series

“Transitioning t to Industry 4 y 4.0”

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“Transitioning to Industry 4.0” August 28, 2019

Welcome and Introduction Wabash Heartland Manufacturing Group Workshop Series.

Ted Fiock Purdue WHIN Managing Director

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“Transitioning to Industry 4.0” August 28, 2019

Justification for New Technology Transformations in your operations.

Steve Dunlop Managing Director of DCMME and GSCMI

Dr. Jan-Anders Mansson

Distinguished Professor of Materials & Chemical Engineering and Co-Director of InMaC

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Return on Investment (ROI) is a calculation of the most tangible financial gains or benefits that can be expected from a project versus the costs for implementing the suggested program or

solution. (tangible financial benefits relative to costs of investment)

Cost Benefit Analysis (CBA) is more comprehensive than ROI, and attempts to quantify both tangible and intangible (or “soft”) costs and benefits. Value on Investment (VOI), is defined as “intangible assets that contribute heavily to an

rganization’s performance.

Value on Investment refers to the overall value received on any given financial investment. Basically, VOI includes the financial return, but also takes into account more abstract value that was received from that investment.

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Benefits Potential

Customer Experience
Lower Customer Turnover Rates
Increased Revenue Opportunities
Faster Time To Market
Compliance and Security
Fraud Reduction
Industry Regulation Compliance
Flexibility
Replace/Supplement Traditional IT Lifecycle
Leverage Existing Infrastructure
Intermediary Processes
Employee Satisfaction
Headcount Re-allocation
Hiring Avoidance For New

Processes

Productivity Returned

To Line-of-Business

Recruiting, Training,

Facilities Cost Avoidance

Process Metrics
Increased Revenue
Data Quality

Tangible Intangible

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“Transitioning to Industry 4.0” August 28, 2019

Event Sponsors

Manufacturing Workshop Series

“Transitioning t to Industry 4 y 4.0”

Welcome and Introduction Wabash Heartland Manufacturing Group Workshop Series.

Ted Fiock Purdue WHIN Managing Director

Justification for New Technology Transformations in your operations.

Steve Dunlop Managing Director of DCMME and GSCMI

Distinguished Professor of Materials & Chemical Engineering and Co-Director of InMaC

Benefits Potential

Justification for New Technology Transformations in your operations. Questions and Answers