What is Industry 4.0?

Global supply chains comprise thousands of suppliers operating within the supply chain ecosystem of an enterprise. Bringing everything online and interconnected has multitude of benefits — greater transparency and accuracy, increased interconnectedness and collaboration, improved warehouse management.

Not just that, advanced AI-driven supply chain management software bring about data-backed decisions that result in lower operational costs, reduced inventory and reduced lost sales opportunities. The adoption of Industry 4.0 technologies ultimately results in companies getting more agile, faster, accurate, granular and efficient.

 


Related Terms

What is Independent Procurement?What is Indirect Materials?What is Indirect Procurement?What is Insurance Procurement?What is Integrated Logistics?