Skip to main content

Expense and Revenue Factors of Smart Factories: Analysis of the Economic Effects of Condition Monitoring

  • Conference paper
  • First Online:
Advances in Production Management Systems. Smart Manufacturing and Logistics Systems: Turning Ideas into Action (APMS 2022)

Abstract

Numerous approaches for assisting Smart Factory implementations in production companies have been published over the last few years. However, guidelines for calculating the profitability of these efforts have barely been addressed by scientific approaches so far. This paper aims to close this research gap using the Smart Factory application Condition Monitoring as an example. Therefore, a framework of the expense structure, as well as a framework of accompanying effects on business processes and resources, are presented. Based on these frameworks a procedure to support the financial assessment prior to the actual implementation is proposed. This procedure enables decision-makers to follow a deductive approach when identifying the economic relevant factors of smart factory applications. The authors argue that the shift towards a descriptive character of effect assessment simplifies and precises the profitability calculation. The construct validity of the frameworks and the usability of the proposed approach are confirmed in two case studies in separate production plants of ZF Friedrichshafen AG.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 89.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 119.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    The given explanations for the KPI evolution are derived from the expert interviews.

References

  1. Kaufmann, T., Forstner, L.: Horizontale Integration der Wertschöpfungskette in der Halbleiterindustrie, 1st edn. In: ten Hompel, M. (eds.) Handbuch-Industrie 4.0: Produktion, 2nd edn. pp. 95–103. Springer, Cham (2017). https://doi.org/10.1007/978-3-662-45279-0_31

  2. Rüb, J., Bahemia, H.: A review of the literature on smart factory implementation. In: 2019 IEEE International Conference on Engineering, Technology and Innovation, pp. 1–9 (2019)

    Google Scholar 

  3. Kleinemeier, M.: Von der Automatisierungspyramide zu Unternehmenssteuerungs-Netzwerken, 1st edn. In: ten Hompel, M. (eds.) Handbuch-Industrie 4.0: Produktion, 2nd edn, pp. 219–226. Springer, Cham (2017)

    Google Scholar 

  4. Verhulst, E., Brenden, S.F.: Strategic roadmapping towards Industry 4.0 for manufacturing SMEs. In: Dolgui, A., Bernard, A., Lemoine, D., von Cieminski, G., Romero, D. (eds.) APMS 2021. IAICT, vol. 631, pp. 3–12. Springer, Cham (2021). https://doi.org/10.1007/978-3-030-85902-2_1

    Chapter  Google Scholar 

  5. Terstegen, S., Hennegriff, S., Dander, H., Adler, P.: Vergleichsstudie über Vorgehensmodelle zur Einführung und Umsetzung von Digitalisierungsmaßnahmen in der produzierenden Industrie. In: Frühjahrskongress 2019, pp. 3–13 (2019)

    Google Scholar 

  6. Leone, D., Barni, A.: Industry 4.0 on demand. In: APMS. The Path to Digital Transformation and Innovation of Production Management Systems 2020, vol. 2(12) (2020)

    Google Scholar 

  7. Issa, A., Hatiboglu, B., Bildstein, A., Bauernhansl, T.: Industrie 4.0 roadmap. In: 51st CIRP Conference on Manufacturing Systems, vol. 72, pp. 985–988 (2018)

    Google Scholar 

  8. Schuh, G., Anderl, R., Dumitrescu, R., Krüger, A., ten Hompel, M.: Industrie 4.0 Maturity Index. Acatech STUDY, München (2020)

    Google Scholar 

  9. Fleischer, J., Lanza, G., Schulze, V.: Erfassung von Prozessdaten (u.a.) durch Maschinen und Werkzeuge. http://www.intro40-webtools.de/dl/15_Erfassung_von_Prozessdaten.pdf. Accessed 28 Feb 2022

  10. Schuh, P., Schneider, D., Funke, L., Tracht, K.: Cost-optimal spare parts inventory planning for wind energy systems. Logist. Res. 8(1), 1–8 (2015). https://doi.org/10.1007/s12159-015-0122-7

    Article  Google Scholar 

  11. Liebrecht, C.: Entscheidungsunterstützung für den Industrie 4.0-Methodeneinsatz. Shaker Verlag, Herzogenrath (2020)

    Google Scholar 

  12. Glass, R., Meissner, A., Gebauer, C., Stürmer, S., Metternich, J.: Identifying the barriers to Industrie 4.0. In: 51st CIRP Conference on Manufacturing Systems, vol. 72, pp. 985–988 (2018)

    Google Scholar 

  13. Orzes, G., Rauch, E., Bednar, S., Poklemba, R.: Industry 4.0 implementation barriers in small and medium sized enterprises. In: 2018 IEEE International Conference on Industrial Engineering and Engineering Management, pp. 1348–1352 (2018)

    Google Scholar 

  14. Liebrecht, C., Schaumann, S., Daniel, Z., Alica, A., Gisela, L.: Analysis of interactions and support of decision making for the implementation of manufacturing systems 4.0 methods. In: 10th CIRP Conference on Industrial Product-Service Systems, vol. 73, pp. 161–166 (2018)

    Google Scholar 

  15. Mayring, P.: Qualitative Inhaltsanalyse, 11th edn. Beltz Verlag, Weinheim (2010)

    Google Scholar 

  16. Nath, C.: Integrated tool condition monitoring systems and their applications. In: 48th SME North American Manufacturing Research Conference, vol. 48, pp. 852–863 (2020)

    Google Scholar 

  17. Schuh, G., Kampker, A., Odak, R.: Verfügbarkeitsorientierte Instandhaltung, 1st edn. Apprimus Verlag, Aachen (2009)

    Google Scholar 

  18. Henderson, B.: Die Erfahrungskurve in der Unternehmensstrategie, 2nd edn. Campus Verlag, Frankfurt am Main (1974)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Moritz Spatz .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2022 IFIP International Federation for Information Processing

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Spatz, M., Riedel, R. (2022). Expense and Revenue Factors of Smart Factories: Analysis of the Economic Effects of Condition Monitoring. In: Kim, D.Y., von Cieminski, G., Romero, D. (eds) Advances in Production Management Systems. Smart Manufacturing and Logistics Systems: Turning Ideas into Action. APMS 2022. IFIP Advances in Information and Communication Technology, vol 664. Springer, Cham. https://doi.org/10.1007/978-3-031-16411-8_18

Download citation

  • DOI: https://doi.org/10.1007/978-3-031-16411-8_18

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-16410-1

  • Online ISBN: 978-3-031-16411-8

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics