Dictionary
EnglishShort definitionProduction as a service (PaaS) describes the business concept in which a company's production capacities are made available for other companies to use. The advantage for companies that use this service is that they do not need their own production facilities and therefore save financial resources. PaaS also guarantees a faster market launch, automated production and access to professional contacts.
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EXW (Ex Works)The international trade term EXW (Ex Works) is part of the Incoterms (International Commercial Terms) and states that the seller fulfills their delivery obligation as soon as they have made the goods available for collection at their location. This type of delivery is therefore also called "ex works." The seller is therefore not responsible for transport and shipping, so the buyer must bear the logistics and costs themselves. This type of delivery is particularly suitable if the buyer already has a large existing logistics network or has sufficient experience and resources for logistics handling.
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Make or buy (manufacturing)Make or buy is a decision-making process in which a strategic decision is made as to whether a product or service should be manufactured internally (make) or by an external provider (buy). The decision is made on the basis of several factors, such as costs, quality, capacities and know-how. The analysis can help companies to find the optimal solution in terms of resources and costs. This can improve competitiveness and flexibility.
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On-demand (service)On-demand refers to products or services that are available immediately, usually via the internet. On-demand platforms are primarily known in the areas of software and streaming, but are also developing an important role in industry. The advantages of on-demand platforms are increased flexibility and cost savings, as industrial offers can be created quickly and only for the resources that are actually required.
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IoTThe Internet of Things (IoT) refers to a network of physical devices, machines and sensors that are connected to each other via the internet and exchange data. In the manufacturing industry, IoT enables the real-time monitoring of production processes, the optimization of workflows and the predictive maintenance of systems. By collecting and analyzing large amounts of data, companies can work more efficiently, reduce costs and improve product quality. IoT plays a central role in Industry 4.0 by driving the digitalization and automation of production facilities. The integration of IoT technologies helps to increase the competitiveness of manufacturers and develop innovative business models.
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ISO 9001 certificateISO 9001 is an international certification awarded to companies that can demonstrate a good quality management system. They can therefore prove that they are able to implement complex processes to ensure consistently high product quality and a high level of customer satisfaction. This applies to the entire value chain, from development and production through to customer service. ISO 9001 is therefore an important proof of quality in relationships between companies and customers, and can also improve competitiveness and efficiency.
Dictionary
PlasticizingPlasticizing refers to the process in which plastics are made more flexible and easier to process by adding plasticizers or other additives. This process changes the physical properties of the material by influencing the molecular structure and increasing the mobility of the polymer chains. In industry, plasticizing is used to adapt plastics to specific requirements, for example for the production of films, coatings or flexible components. Through plasticizing, materials can achieve higher elasticity, better formability and improved processability, which optimizes production processes and increases the quality of the end products. Plasticizing is therefore an essential step in plastics processing that has a significant impact on both technical performance and economic efficiency.
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