What is “Valufacturing”?
- the transition from manufacturing to valufacturing
Background
Amid global transformations and structural limitations that could potentially lead to a crisis in the manufacturing industry, there is un urgent need to seek new directions through innovation in production technologies. To effectively respond to these changes, a multifaceted approach is required – one that goes beyond economic considerations to include technological innovation and evolving societal demands. Rather than relying solely on incremental trends, we must adopt a perspective rooted in disruptive innovation. In this context, we propose the concept of valufacturing as a new paradigm to help overcome the crisis facing manufacturing.
Definition
“Valufacturing” is a hybrid concept combining “value creation” and “manufacturing”. It represents a new paradigm for the manufacturing industry – one that goes beyond traditional manufacturing to lead the era of value revolution. Today, manufacturing must move in an upward-right trajectory, where productivity and the fulfillment of personalized value grow simultaneously, resulting in enhanced economic value.
Valufacturing offers a pathway to maximize the total value of manufacturing - represented by the area between the X and Y axes in the graph below – by fostering a new form of craftsmanship supported by energy efficiency and advanced production systems. This concept goes beyond merely enhancing productivity and economic value in parallel; it establishes a foundation for building a more sustainable manufacturing ecosystem.
Furthermore, valufacturing also plays a critical role in improving product quality. By leveraging connectivity, intelligence, and automation, it enables transformative improvements in product performance and contributes to the creation of a sustainable innovation ecosystem.