Industry 4.0 is essentially a blueprint for digitalizing the value chain from factory to customer. It combines logistics, production, IT, engineering, production to digitize business operations.
Technologies included are the Internet of Things (IoT) and the Internet of Services, which in turn create the Smart Factory.
The four key aspects of how Industry 4.0 will impact the supply chain could be:
Smart factories – Automated and flexible manufacturing processes that are integrated with customers and business partners in support of product lifecycle changes – will impact current factory layouts.
The Internet of Services – Connecting production facilities across geographies and company boundaries to create virtual production capabilities will create new business models and disrupt current supply chain designs.
Advanced analytics – Capitalizing on big data and predictive analytics – to drive flexibility at the process level, not just production lines or factories – will put more pressure on organizations to use production data to its fullest.
Focus on the knowledge worker – The rise of smart machines will not see the demise of the knowledge worker – rather, this increasing complexity demands supply chain professionals expand their problem solving and systems engineering skills.
The Advanced Manufacturing Council of the EU Tech Chamber takes great pleasure to welcome you to it next Digital Event about “Impacts of Industry 4.0 on Supply Chains” on Friday, August 13th, 2021 starting at 9:00 am CEST. We will discuss this interesting topic, providing different expert visions and perspectives.
DATE Friday, August, 13, 2021
TIME 09:00 – 10.30 am CEST
LOCATION EU Tech Virtual Center