Using new engineering technologies to enhance supply chain management

What is it about?

Modern-day companies face a lot of challenge due to fluctuations in their supply chain. To solve this issue, it is necessary to change how products are manufactured and distributed. For this, companies need to be in line with industry 4.0 requirements. Industry 4.0 requires using new technologies to increase the efficiency of production and management of supply chain. Internet of things (IoT) is one such technology that can help companies improve their final product, reduce costs, and become more eco-friendly. In this paper, the authors discuss ways to improve operations in the supply chain. They propose a new framework using IoT to improve efficiency. They look at the benefits of waste reduction and waste reuse, which supports eco-friendly practices in the supply chain.

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Photo by Jacques Dillies on Unsplash

Photo by Jacques Dillies on Unsplash

Why is it important?

Companies need to become more intelligent by adopting modern technologies. This means improving communication in the supply chain. This, in turn, improves the manufacturing process and the quality of products. Further, it saves costs by improving decision-making in real time. These, in turn, help companies meet the growing demand for products. In addition, companies can reduce waste by reusing them. This reduces their carbon footprint and boosts the economy. KEY TAKEAWAY: As a result of Industry 4.0, the way companies manufacture and distribute their products is changing. New technologies, such as IoT, could improve the quality and efficiency of production. In addition, companies can reuse waste to become more sustainable.