Implementing Industry 4.0 means big changes - and that's a great thing! However, other aspects of your business will likely have to adjust. Digitalist Magazine said, "Internet-enabled sensors can keep track of inventory, shipping, processes, and more. The data these devices generate can make organizations more efficient and productive and even generate new business models and revenue streams." Visibility can drastically change your supply chain predictions and strategy for the better. Click the link and listen to the podcast to learn more about the relationship between supply chain and industry 4.0.
The Industrial Internet of Things (IIoT) brings the promise of complete visibility into – and management of – the supply chain.So if we take the technology that I just described in an Industrial Internet of Things, which is within a factory or a plant, and then extended out to the supplier channel in the raw material channel, and then extended out to as far as the product goes, using technologies like bar codes for example, or even radio frequency ID (RFID), various technologies like that, can help us track things all the way through.Read More