If manufacturing was "perfect" there would be no down time and zero waste. While absolute perfection isn't possible, reaching in that direction is with Industry 4.0. Forbes said, "By bringing production closer to their customer base they not only reduce shipping costs, slash energy consumption and lower the risks inherent in the supply chain; they can also respond faster to customer demands." It also sets companies up to be successful in years to come.
Manufacturers are under constant pressure. They need to decrease waste while increasing uptime, throughput and quality to continue to compete effectively. Manufacturers are no stranger to disruption either, and in recent years lean manufacturing practices and automation have applied further pressure on them, even forcing some out of the game altogether. The next disruptive phase in manufacturing is already well underway. “Industry 4.0” builds on the previous three phases of industrialization – mechanization, mass production and controls. It’s an intelligent production environment enabled by an integrated platform of enterprise data systems, the Internet of things (IoT) and cloud computing. Read More