The goal of a sustainable supply chain is to minimize risks, reduce variability, and establish robust supplier partnerships. Creating opportunities to develop deeper connections with suppliers, increasing cross-organizational collaboration, and increasing alignment of priorities are aimed at lifting the performance of the complete supply chain network. Businesses expect their tier-I suppliers to comply with established performance standards and assume … Read More
What is the Live Factory and how does it fit with Industry 4.0?
When Steve Jobs introduced the Apple iPhone in 2007, he predicted we wouldn’t be able to live without it in the future. He was right. Every day, we have instant access to the data we need to run our lives: calendars, notifications, up-to-the-minute news, weather and sports scores, texting, shopping (including order status and delivery details), financial transactions, even the … Read More