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Effective Integration of Lean Operations and Industry 4.0
| Content Provider | Scilit |
|---|---|
| Author | Ratcliffe, Aaron Kumar, Maneesh Narayanan, Sriram |
| Copyright Year | 2021 |
| Description | Organizations face novel challenges and opportunities as they adapt to the shifting competitive landscape brought on by globalization and digitization. Markets now evolve faster. Products rapidly become commodities. Organizations compete as supply chains. Customers demand greater flexibility and responsiveness – enhanced customization, swift product development, integrated product-service combinations, and fast delivery options across multiple channels. Managing more with less is the MANTRA. There is a greater emphasis on corporate social responsibility, accountability to stakeholders, and the impact of today's actions on future generations. Organizations also seek new ways of working and adapting their organizational and supply chain structure to cope with demand variations, supply uncertainty, technological advancements, and end-to-end connectivity requirements in the supply chain. They are under ever-greater pressure to do the right things and do them well: high quality, low cost, fast delivery, high flexibility, customer satisfaction, and positive or zero environmental impact. All these need to be undertaken with fewer resources. Book Name: Industry 4.0 Technologies for Business Excellence |
| Related Links | https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.1201/9781003140474-5&type=chapterpdf |
| DOI | 10.1201/9781003140474-5 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2021-12-02 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Industry 4.0 Technologies for Business Excellence Adapt Social Responsibility Flexibility Customers Structure Supply Chain Greater Fast Delivery Corporate Social |
| Content Type | Text |
| Resource Type | Chapter |