Why Industry 4.0 is changing the supply chain
Measures that you can implement
From big data and the internet of things to cloud computing and autonomous systems, Industry 4.0 and the rise of the smart factory are transforming the speed and efficiency of the supply chain.
Product Development
The introduction of Virtual Reality (VR) and Augmented Reality (AR) digital data overlay functionalities and 3D printing technologies enables rapid visualisation, prototyping and simulation, fast-tracking time to market and collaboration opportunities.
Manufacturing
Cyber-physical systems can make simple, autonomous decisions alongside human counterparts. Inter-linked and cloud-based smart machines are able to quicken set-up and installation times. Then fault diagnostics can provide remote access capability.
Where appropriate, customers can connect with manufacturers’ ERP software to aid demand planning and provide new levels of transparency. This software can also be used to determine stock volumes and identify replenishment points.
Distribution and Logistics
AI systems enable companies to handle unprecedented amounts of logistical information. This facilitates the optimisation of transport processes considerably, transforming how companies plan and organise transport; reducing costs and speeding up the delivery process. Driverless lorries also feature on the horizon.
Scott Fawcett, Divisional Managing Director says: “Where relevant we share stock and future planning information with customers. With multiple sites and hundreds of production lines, supplying 30,000 products globally, our Industry 4.0 evolution is helping us to deliver a strong supply chain”