Saturday, April 1, 2023

Lenovo Recognized for Global Manufacturing Leadership at World Economic Forum 2023

Hong Kong: At this year’s World Economic Forum in Davos, Lenovo’s Hefei factory, LCFC, has been recognized as one of 18 additional sites added to the Forum’s Global Lighthouse Network of 132 leading manufacturers, each chosen for their leadership and integration of fourth Industrial revolution technologies (4IR).

The Global Lighthouse Network is a community of production sites and value chains that are world leaders in the adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution (4IR). Lighthouses apply 4IR technologies such as artificial intelligence, 3D-printing, and big data analytics to maximize efficiency and competitiveness at scale, transform business models and drive economic growth, while augmenting the workforce, protecting the environment, and contributing to a learning journey for all-sized manufacturers across all geographies and industries

Established in 2011, LCFC is one of the most advanced smart manufacturing factories in the world and the largest for intelligent computing devices (PCs, servers, edge computing, smart Internet of Things). It is the flagship in Lenovo’s network of 35+ manufacturing sites across nine markets and ships products to 126 markets around the world. This is done while managing 300K individual pieces of materials and parts every day, 300 discreet new products every year, and more than 200,000 different product configurations.

LCFC was recognized for its integration of 4IR technologies, and the transformation the factory has undergone in the last few years to meet and overcome the broad industry changes, increased competition, and significant fluctuation in demand through the global pandemic, as well as a growing requirement for customization of products. This transformation has included the use of advanced analytics, improving labor productivity by 45%, reducing any potential supplier quality issues, while managing 8,000 orders a day – 80% of which are small-scale orders of less than five units.

Digital intelligence technology has played a significant role too, with a focus on production scheduling/planning and dynamic operation of the factory’s 36 intelligent production lines. This has resulted in significant efficiency gains for scheduling and inventory management, meaning a completed PC is delivered off the production line every 0.5 seconds.

LCFC’s focus on R&D and being a center and beacon for advanced manufacturing technologies – with a particular focus on sustainability – has resulted in 121 authorized patents in the field of intelligent manufacturing. One of LCFC’s other notable innovations is the low-temperature developed to improve PC manufacturing by conserving energy and increasing reliability. Lenovo uses the best practice from LCFC across its global manufacturing footprint and uses it to support the wider industry ecosystem’s digital transformation. Lenovo is highly regarded globally for its manufacturing and supply chain, with Gartner ranking it #9 amongst the world’s top 25 supply chains, and #1 amongst supply chains in Asia Pacific.

The Global Lighthouse Network is a World Economic Forum project in collaboration with McKinsey & Co. Factories and value chains that join the Network are designated by an independent panel of experts. More information can be found here.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 82,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere.

Content Source: Business Wire India


centre for excellence

T V Narendran unveils Art Gallery at Centre for Excellence in...

Jamshedpur: The Art Gallery at the Centre for Excellence, Jamshedpur was inaugurated today by T V Narendran, CEO & Managing Director, Tata Steel in...
TMH waives off dues

Tata Main Hospital inaugurates state-of-the-art Ophthalmology Operation Theatre

Jamshedpur: Tata Main Hospital inaugurated a new Ophthalmology Operation Theatre to provide better healthcare services to the citizens of Jamshedpur. The inauguration event was graced...


Bhagwan Ram is essence of Indic civilization

Bhagwan Ram represents the very essence of India, its culture, and its ethos. The Hindu community in India celebrates Ram Navami as a significant festival....

Welcome initiative to win community’s trust!

The initiative taken by the East Singhbhum district police to distribute educational materials and essential items to the villagers in Bodam is an excellent...


hotel cc camera shot

Businessman from Ranchi staying at Sakchi hotel dies, investigations on

Jamshedpur: Ashwini Jaiswal, a successful businessman from Ranchi, was found dead at Hotel Devdoot in the jurisdiction of Sakchi Police Station on Thursday. For 11...

Dharma prevails over usual Hindu Splitsville in Jamshedpur

Truce reached as Jamshedpur MP Bidyut Mahato intervenes, norms relaxed, Akharas take out processions, Saturday Bandh call withdrawn Jamshedpur: For a few hours, it seemed...

Feel like reacting? Express your views here!

Read More



Subsribe Our Newsletter & get Free Daily News & Opinion updates!

Town Post