Outbound logistics involves both inventory management and transport planning, both of which are historically difficult to optimize. How can Industry 4.0 help?
Industry 4.0 is a powerful force in an increasingly digital supply chain. Here are a few noteworthy statistics about it.
Is Logistics 4.0 a buzzword, or a critical concept for the future of supply chain management?
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.
How is Industry 4.0 like The Matrix? Accurate digital simulations are very important to each.
As we more firmly enter the Industry 4.0 era in manufacturing, shipping and freight forwarding paradigms will have to keep up by offering the same levels of integration and digitization as their industrial counterparts.
Henry Ford wanted the general public to stop thinking of cars as a luxury and start considering them an attainable goal for working class buyers. How did he do it? By making cars cheaply enough that they could be purchased (the story goes) by the very factory workers who were helping to build them.
What are digital twins, and what do they have to do with NASA's Apollo 13 mission?
While evaluating an IT solution is, in some ways, just like evaluating any other product, it’s also markedly different in others. Specifically, it requires businesses to think not just practically but conceptually, considering the long-term, transformative implications of a given piece of software.
How is supply chain management in the Industry 4.0 era like optimizing your morning commute? In both cases, more data is the key to staving off unwanted disruptions.
Supply chain management as a field has gone through plenty of change during the past few decades, including the advent of Industry 4.0.
One of the most significant changes being brought about right now by the Industry 4.0 revolution is the sheer increase in data and information transparency across the entire supply chain. This has big implications for production planning.
As the era of Industry 4.0 continues to ramp up, new corners of the world of industry will continue to see rapid growth and changes—how will the furniture industry respond?
What can smart fridges tell us about real-time information in the supply chain? Read on to find out!
In a recent poll, PwC found that while 60% of respondents were “dabbling” with Industry 4.0 technology, only 3% had truly achieved a working Industry 4.0 paradigm. Why? In part because it can be difficult to evaluate the software solutions involved.
What does the annual hop harvest have to do with Logistics 4.0? They both demonstrate the importance of connectivity and real-time communication in modern manufacturing and shipping.
In 2015, the global cost of overstocking goods was $470 billion, and the cost of under-stocking was more than $600 billion. What implications does this have for modern manufacturers?
