Manufacturing in a Box: How Equipment as a Service Enabled by an Iot Infrastructure Reduces Fixed Costs and Spurs Agility

Sultan Aziz

Senior Director, Innovations & Insights at Johnson & Johnson

Learning Objectives

This plug-and-play “servitization” model allows manufacturers with strong digital stacks and incredible flexibility to change their factory floor footprints quickly and easily, which allows manufacturers to move it anywhere in the world with the same agility. This new approach is enabling companies to get out of expensive fixed-cost manufacturing. Companies may do this by leasing and/or recycling equipment, paying equipment and solutions partners based on production goal attainment.

Key Takeaways:

  • Equipment as a service drives flexibility and agility

  • Digital Stack is a foundational and must have capability to leverage Industry 4.0 Technologies

  • Robust innovation governance and funding model drive accelerated deployment