A smart factory is a production facility as well as concept used to describe the application of different combinations of modern technologies to create a hyperflexible and self-adapting manufacturing capability. Individual tools information that can be read by other machines contain – for example using RFID chips.
One of the advantages of smart factories is that they can manufacture small lot sizes efficiently or even on a according to special customizations. Smart factories are an underlying capability of smart manufacturing, which in turn fuels digital supply chain and Industry 4.0 initiatives.
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