To gain the competitive edge, manufacturers need to be agile to respond to market demands at all levels of operation without increasing costs and waste or sacrificing efficiency. Attitudes towards new technologies can mean the difference between success and failure. Industry 4.0 – the ‘Fourth Industrial Revolution’ – is still in the early days of adoption, but the changes it promises are profound. Over the next decade, forward-thinking businesses will transform themselves through connectivity, data, automation, and an increasingly sophisticated workforce.
“If you can’t measure it, you can’t improve it…to increase your productivity and lower production costs you need to benchmark your performance and minimize loss within your manufacturing process.”
– Document Excerpt, Manufacturing Operations Management Brochure