New solutions for the future of manufacturing: MHP, KUKA and Munich Re present SmartFactory as a Service
- Industry 4.0 and digitalisation allow for new manufacturing methods and demand new business models. MHP, KUKA and Munich Re present one vision for these: the new SmartFactory as a Service.
- Using SmartFactory as a Service allows manufacturers to focus on client satisfaction without having to bear peripheral parts of the value creation process, investment costs and risks themselves. For the first time, this makes flexible small-batch manufacturing commercially viable.
- Through the innovative integration of end-to-end and embedded management of data and risk, SmartFactory as a Service accelerates the product development process and facilitates product testing and development in line with market requirements.
- What is more, the tangible SmartFactory as a Service itself is an ideal location for events and workshops, where exchanges on ideas and challenges can be brought together in a dynamic ecosystem.
Industry is currently experiencing a sea change brought about by dynamically morphing client expectations, putting manufacturers under great pressure to innovate. To remain competitive, they are faced with the challenge of adapting their traditional processes. This transformation demands great flexibility and transparency along the entire value chain – and access to critical resources. It is generating high capital costs and harbours substantial uncertainty and risks.
SmartFactory as a Service will shorten new products’ time to market by up to 30%, thus significantly improving one of the most decisive competitive factors for manufacturers. Teamwork in the partnership and the combination of complementary expertise is essential in achieving this.
Together, the three partners aim to digitise the whole value chain, realise a high quality end-to-end data flow, and meld areas and systems in the production development process that were previously unconnected. The SmartFactory as a Service will independently and flexibly produce different product types in any quantity and so fulfil clients’ changing demand for customised products.
The scalable integration of development, manufacturing, and embedded risk and financial management enables synergies to be realised along the value chain, and allows manufacturers to benefit from innovative usage models while retaining full cost variabilisation.
A plant’s ability to adapt is the key criterion in making manufacturing fit for the future. Our clients face the challenge of responding swiftly and flexibly to market needs. SmartFactory as a Service can achieve this. Our cooperation with Munich Re and MHP brings the business models of the future a great deal closer.
Acceleration can no longer be confined to the shop floor. We need a self-contained “engineering value chain” – which means consistent data, processes and organisations. This end-to-end workflow facilitates the optimisation of highly individualised manufacturing – mass customisation using series production tools.
The combination of state-of-the-art manufacturing technology with the digitalisation of all processes, and with risk management and financial strength enables a new and innovative form of manufacturing. One that we plan to develop in partnership with our clients, supporting them on their journey into the digital future.
At the SmartFactory as a Service in Munich’s dynamic factory quarter, tomorrow’s production lines can already be seen in action today, illustrating and facilitating the realisation of innovative business models. In seminars, presentations and workshops, clients and all other players in the emerging ecosystem can discuss the perspectives IoT opens up for industrial companies. The location offers a space to network, share thoughts across industry boundaries and collaborate on concrete use cases for new business ideas.
Interested enterprises are invited to join the network and help shape the manufacturing plants of the future.
More information can be found at www.sfaas.de
MHP Management- und IT-Beratung GmbH
MHP – Excellence in management and IT consulting for mobility and manufacturing.
Amtsgericht (Local Court) Stuttgart HRB-Nr. 205571
Dr. Till Reuter, Chief Executive Officer
Peter Mohnen, Chief Financial Officer
Registrar of Companies
Amtsgericht (Local Court) Augsburg, HRB 22709
VAT identification number: DE 143588517
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season and the California wildfires in 2018. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.
This media information contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of Munich Re. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.