Technology is creating new opportunities in manufacturing. Digital advances across industry—in RFID, vision systems, cloud computing, robotics, etc.—are allowing forward-thinking leadership teams to transform their operations, thereby improving costs, enhancing velocity, and growing market share. This comes at an important time, with most manufacturers and distributors facing labor shortages and a variety of supply chain challenges that are increasingly present in today’s world.
But investments in advanced technologies can be expensive, and they’re often confusing to newcomers. More important, maximizing ROI (or even realizing it in some cases) is dependent on baseline operational capabilities such as KPIs, Visual Management, Optimized Layout, Preventative Maintenance, Lean, SIOP, and Quality Management. Without these foundational capabilities in place and functioning well, many benefits of Industry 4.0 transformations won’t materialize.
This piece provides an overview of industry 4.0 and thoughts for manufacturers to consider in the coming years. It also explores the foundational operational requirements that will ensure a successful transition from Industry 3.0 to Industry 4.0.
Industry 4.0 accelerates factory transformations and financial results but requires strong operational discipline
To read more about Industry 4.0 applications that can take you beyond basic automation, click here to download this insight.