Have you heard of Industry 4.0? If not, we’ll tell you how it plays a role in transforming your supply chain. Discover this new opportunity!
Thanks to the advancements of technology, business operations quickly evolve to where they are today. It was almost 300 years ago when the first industrial revolution began with the mechanization through water and steam power. Fast forward to the present, we’re currently in the fourth industrial revolution in which we use high tech systems to tackle operations.
Optimizing the adoption of computers from the third industrial revolution (i.e. Industry 3.0), businesses enhance the technology with data and machine learning to develop autonomous and smart systems. With essentially an entirely new technology, we’ve entered the fourth industrial revolution, otherwise known as Industry 4.0.
Industry 4.0 represents the trend in digital transformations of manufacturing systems using smart technology, like artificial intelligence (AI), to create an interconnected network of systems that drive intelligent action. These connected systems can share, communicate, and analyze information to ultimately make decisions without human involvement.
If your business doesn’t use smart technology like the ones listed above, let’s see what the technology brought with Industry 4.0 can do for your business.
Today, the supply chain network is moving towards a more digitized, automated, and agile operation. With the support of smart technology, the supply chain becomes more efficient and productive.
Industry 4.0 is an unavoidable trend that bridges the gap between physical industrial assets and digital technologies (I.e. cyber-physical systems). Digitization of the supply chain improves visibility and flexibility, while it reduces inefficiencies and lowers costs. Sounds like a sweet deal, right?
Digital transformation is too great an opportunity to pass up! A digital supply chain is the way of the future. So, what specifically can a smart supply chain do for you?
With the wide range of smart technology, there are many applications for Industry 4.0 to impact your supply chain operations. Of course, all businesses are unique and, therefore, can use the same technology to serve different purposes. In the end, the goal of a digital transformation is to enable autonomous decision-making and monitor connected processes in real-time.
Let’s look at some of the Industry 4.0 opportunities for your supply chain:
There are so much more technologies of Industry 4.0 can do for you! The possibilities are endless as Industry 4.0 is still evolving.
Don’t know where to start with introducing technologies of Industry 4.0 into your supply chain? Look no further!
You can find many of the Industry 4.0 opportunities in multi-carrier shipping solutions. For example, ShipERP can centralize your supply chain processes into one location for you to rapidly pick, pack, and ship your products on the fly, as well as provide you with real-time carrier tracking capabilities.
Features like automation that are enabled by technology contribute to creating a smart and intelligent supply chain. Become an intelligent supply chain with a digital transformation that implements modules like SupplierPORTAL that enhances collaboration with streamlined processes or the warehouse management solution ShipEWM that drives strong connectivity.
Don’t fall behind in Industry 4.0! The arrival of Industry 4.0 signifies a new era of supply chain management that gets rid of traditional organizational structure and framework. Companies that adopt technologies of Industry 4.0 recognize the potential to leverage opportunities in demand forecasting, centralized data, warehouse management, and last-mile delivery.
What are you waiting for?