Industry 4.0 is a powerful force in an increasingly digital supply chain. Here are a few noteworthy statistics about it.
Inventory management is one of the most rapidly evolving facets of supply chain management. Why? Because it's an area in which added visibility can create enormous value.
How is Logistics 4.0 like starting a diet? Both have a high level of startup energy, but can pay off in a big way over time.
Demand capacity planning is a critical component of any Industry 4.0 value chain.
Is Logistics 4.0 a buzzword, or a critical concept for the future of supply chain management?
For supply chain managers who are hoping to maintain a certain degree of leanness, the trick is to find ways to mitigate disruptions without costly fortifications at every turn. This means finding ways to be smarter, and more proactive, rather than more defensive and reactive.
In previous eras, you’d only know that there was a problem with your supply chain if something actively went wrong. But in the modern, digital world, it’s suddenly possible to collect, store, and analyze enough data to identify the early warning signs of any potential supply chain disruptions.