![]() ![]() With these questions in mind, let’s examine 5 key elements of Industry 4.0 to better understand its place and overall value proposition in a global manufacturing stream. Whether it’s misinformation about how Industry 4.0 came to be or the ways in which manufacturing companies can deploy the concept of Industry 4.0 as a core driver of moderneized, intelligent production, there’s still much supply chain planners and managers can learn about Industry 4.0 and its applications in today’s global manufacturing and supply streams.įor example, how does Industry 4.0 push the manufacturing industry to grow and evolve in terms of communication, technology, and planning and production processes? How can Industry 4.0 help companies actually achieve greater levels of operational efficiency and more accurate demand and planning forecasts? Why should manufacturing companies regard Industry 4.0 as a necessity rather than an industry buzzword or fad? In fact, one could argue the term Industry 4.0 is tossed around by industry insiders without truly understanding its place in the context of manufacturing and supply chain processes on a global stage. So much in the discussion of modern manufacturing surrounds the subject of Industry 4.0 and its influence on the daily, weekly, monthly, and even annual processes associated with the global manufacturing industry.
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