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Industry 4.0, which refers to the fourth industrial revolution, is the cyber-physical transformation of manufacturing. The name is inspired by Germany's Industrie 4.0, a government initiative to promote connected manufacturing and a digital convergence between industry, businesses and other...
This online survey was opened from 7th October 2021 and concluded on 24th Oct 2021. 10,000 businesses including companies which are part of the Industry4wrd Readiness Assessment Programme were invited to participate in this survey. The survey focuses on...
It doesn’t matter if you are running a manufacturing or a service business; inventory usually just a natural part of the operations. To produce products you need raw materials inventory, in the process we could generate what we call work-in-process inventory, we could have sub-components that are generated and then you could have finished goods.
