Visibility into the supply chain is crucial for businesses to improve efficiency, use data more effectively, and even identify new potential revenue streams. So how do you go about creating a digital supply chain strategy?
Digital supply chain strategy for ultimate efficiency
The Industrial Internet of Things (IIoT) brings the promise of complete visibility into – and management of – the supply chain. Internet-enabled sensors can keep track of:
- inventory
- shipping
- processes, and more
The data these devices generate can make organizations more efficient and productive and even create new business models and revenue streams.
“I look at the Industrial Internet of Things as this whole system that’s geared toward improving profitability, productivity, and the efficiency of manufacturing,” said Gary Mintchell, founder of The Manufacturing Connection, and an industry-leading analyst and writer on the Industrial Internet of Things, manufacturing, marketing, and leadership
The IIoT is one of the chief drivers for Industry 4.0, a “digital revolution” similar to the industrial revolution of the 19th century, but on an even bigger scale. The organizations that can make a transformation to compete in an information economy – that can make the leap to Industry 4.0 – are the ones that will thrive in the next decade and beyond.
Industry 4.0 allows organizations to do so many more things so much better, Mintchell said. “I can make changes without destroying the whole supply chain, which people have done in the past.”
What technologies do businesses need to adopt to build an Industry 4.0 supply chain? What do we stand to gain if we get it right? In this episode of Tech Unknown, Mintchell shares his thoughts.
Listen, learn, leap: Transforming your strategy
Mintchell understands what’s required to transition to Industry 4.0. Here you’ll find his advice on getting started, real-world success stories, and predictions for what comes next.
In this episode, you’ll hear about:
- Real-world applications for the Industrial Internet of Things
- What Industry 4.0 means and why it matters
- How to get started and scale up a digital transformation
- How to manage the human element of automation & AI adoption
