Industry 4.0 and digital manufacturing have emerged as significant areas of research in recent years. According to several reputed research papers, Industry 4.0 is a new industrial revolution that involves the integration of cutting-edge technologies such as the Simulation (Discrete Event Simulation), Internet of Things (IoT), artificial intelligence (AI), and big data analytics into the manufacturing process. Smart manufacturing, on the other hand, is the implementation of these technologies in the manufacturing sector to increase efficiency, reduce waste, and improve product quality. The research suggests that Industry 4.0 and smart manufacturing have the potential to revolutionize the manufacturing industry by enabling companies to achieve higher levels of automation, productivity, and agility. The Indian manufacturing industry has witnessed substantial growth in recent years, becoming a significant contributor to the country's economic development. To maintain its competitive edge in the global market and meet the increasing demand for innovative and cost-effective products, the industry has been actively adopting digital manufacturing practices. In this context, Industry 4.0, characterized by the integration of cyber-physical systems, Simulation, the Internet of Things, and data analytics, offers new opportunities for enhancing efficiency and productivity. This research paper presents a comprehensive study on the successful implementation of digital manufacturing practices in the Indian automobile industry through the use of simulation approaches, in alignment with Industry 4.0 principles. The study aims to identify the key challenges faced by the industry and proposes viable solutions to harness the full potential of digitalization. The paper delves into the critical aspects of simulation techniques, such as discrete event simulation and virtual manufacturing, and their role in optimizing manufacturing processes, reducing lead times, and enhancing product quality. The results of this study indicate that the integration of digital manufacturing practices with Industry 4.0 principles has resulted in significant improvements across the entire value chain of the Indian automobile industry. Reduced production costs, increased production flexibility, and enhanced product quality have been observed as the key outcomes of this strategic alignment.
Read full abstract