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In the spirit of turning data into insights, here are six important statistics about Industry 4.0 to consider as you navigate the complexity of the modern supply chain.
Recently, some businesses have been turning to in-memory technology (both in-memory databases and in-memory processing); but is that a meaningful way to empower agile decision-making for planners?
To begin with, one of the most mission critical goals of an integrated supply chain must be to improve visibility and data accessibility.
If Industry 4.0, which has been touted as the fourth industrial revolution, has an impact that is remotely comparable to those of its predecessors, then it’ll be remembered for a lot more than just powering the smart factory.
In February of 2018, popular fast food brand KFC was in the midst of making some big changes to its UK supply chain. What followed was a cautionary tale about failing to manage supply chain risk.
Adopting a green supply chain can offer competitive advantages while decreasing inefficiencies.
What is real-time planning, and how can it effect your supply chain?
In the spirit of Industry 4.0, some have taken to referring to new and emerging logistics paradigms as Logistics 4.0—but what exactly does this term mean?
The rise of Industry 4.0 is already bringing about significant changes in all aspects of supply chain management, and transport logistics is no exception.
The concepts that make up the Industry 4.0 framework don’t have to stop at the edge of the factory floor. Indeed, the very same principles that drive modern, digitized manufacturing are also bringing about the era of Logistics 4.0.
Out of date quotations and inefficient processes lead to businesses consistently settling for prices that don’t reflect current market trends or their own particular needs. In the era of Industry 4.0 we’re finally beginning to see some meaningful changes to the procurement process
We’ve spoken a bit on this blog about the impact that artificial intelligence and machine learning can have on a given company’s supply chaining planning and day-to-day operations, but what impact does this technology stand to make on the global supply chain as a whole?
Decision-making silos and poor data integration make an accurate view of the supply chain difficult to come by. The end result is that businesses struggle to get the most out of their transport logistics.
The Industrial IoT (IIoT) refers specifically to internet-connected factory machinery and sensors, along with any connected devices that might be integrated into manufacturing workflows.
As of only a few years ago, most companies were analyzing a mere 12% of their data, but the rise of big data and advanced analytics is sure to drive that number up in coming years.
Traffic, weather, and other supply chain events conspire to disrupt the plans of freight forwarders and supply chain logistics experts around the globe. One of the industry’s most important challenges is to mitigate those risks. Strategic network planning is a method of doing just that.
Manufacturers that are able to implement Industry 4.0 systems will be able to produce more business moments and take advantage of the opportunities that they represent.
