Industry 4.0 uses intelligent technologies, which enables the goals of connecting every single machine digitally to optimize, monitor the operational reality of the process and increase production cost-effectively while reducing waste. Here is a quick view:
1. Design Based on Customer Needs
To design an article compliant with product lifecycle management (PLM), it is necessary for the development to be integrated with the supply chain holistically. Industry 4.0 enabled productions are utilized to meet the standards which satisfy customer needs. It is essential to keep in the needs of the customer in mind, while in a design phase.
2. Enhance Visibility across Silos
With a unified view of the real-time supply and demand, the balance between inter-departmental inventory and service levels can be maintained. It can be utilized to devise a responsive schedule to speed up the cycles and respond quickly to changes, enhance synchronization in a process that breaks down silos, and tools to run simulations for accurate design making.
3. Flexible, Fast, and Efficient Manufacturing
The entire floor automation with sophisticated digital supply chain functionalities and enhanced connectivity between processes can increase the shop floor visibility, process bottleneck identification with agility. This can be coined as Smart factories where flexible manufacturing cells makes the impossible possible by transforming mass production into mass customization.
4. Optimize Delivery
With the utilization of Industry 4.0 features, the enterprises can streamline logistics and guarantee better delivery services as it can make or break the customer experiences. Connected delivery vehicles can optimize the delivery routes based on climate and traffic conditions, enable real-time tracking, and supervise the condition of the packages in case of sensitive products. The Next-gen Warehouses can leverage robots and Augmented Reality to increase productivity, and get the goods moving faster.
5. Incorporate New Business Models
Advanced analytics, which helps the companies to monitor asset health, predict issues, and respond immediately will result in being the most cost-efficient in maintenance for the manufacturer. With many organizations transforming to IoT-connected assets, advanced analytics will encourage new business models, wherein the manufacturer owns assets and charges the customer by uptime, usage, or some other metric.
Intelligent technologies make up intelligent enterprises, which are capable of overcoming challenges that can be volatile and complex, all while still being quality and customer experience oriented.