WEBVTT 1 00:00:10.625 --> 00:00:14.041 The factory of the future for us is a fully optimized plan 2 00:00:14.041 --> 00:00:16.083 that benefits from lean management 3 00:00:16.083 --> 00:00:19.916 as it does from new digital and automation technology, 4 00:00:19.916 --> 00:00:23.708 and it potentially even involves structural changes such 5 00:00:23.708 --> 00:00:28.625 as make, build, or buy or a redesign of the shop floor layout. 6 00:00:28.625 --> 00:00:31.541 With that in mind, I'd even argue 7 00:00:31.541 --> 00:00:34.000 that you need a perspective on your factory of the future 8 00:00:34.000 --> 00:00:39.000 to set guardrails that also guide your short-term actions. 9 00:00:39.000 --> 00:00:40.916 Typically, what you want to do is 10 00:00:40.916 --> 00:00:42.708 to prioritize actions in a way 11 00:00:42.708 --> 00:00:44.666 that you implement those first, 12 00:00:44.666 --> 00:00:47.000 that offer the highest return quickly. 13 00:00:47.000 --> 00:00:51.875 By doing this, you ensure that you optimize for cost today, 14 00:00:51.875 --> 00:00:55.333 while at the same time you fund the journey towards your 15 00:00:55.333 --> 00:00:56.458 factory of the future.