Knowledge-based manufacturing is defined as that
based on research and innovation. The 2004 European
Commission Report, Manufuture, described knowledgebased
as those business models characterized by:
- Close coordination between the demand and supply
sides (collaborative development)
- Systematic innovation - incorporating new technologies
in parallel to the development of new products leading
to faster time-to-market
- The sharing of knowledge within and between
organisations being the norm
- Supply chains taking the form of flexible collaborations,
networks of specialised small and medium-sized
enterprises (SMEs) and 'virtual enterprises'
- The shift to more integrated product and service offerings
Knowledge Based Manufacturing already ranks as one of
this nation's brightest and most dynamic industry sectors.
The sector includes:
- Bio-technology
- Aerospace
- Transport
- Machinery and tooling; and
- Defence industries
Collectively, these account for about 50% of Australia's
manufacturing output and remains one the fastest growing
export categories.
Australia is poised for an exciting phase of growth in the
technologically advanced manufacturing sector. With strong
Governmental support and a superbly resourced research
community, Australia's Knowledge Based Manufacturers have
the capacity to bring a large volume of high-value innovations
to market, in turn creating enduring economic benefit.
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