This article was written by our Managing Consultant, Bryan Schriiffer.
Companies that fail to educate themselves on new technologies and invest in it may lose their competitive advantage and miss the opportunity to lead the transformation. History has shown company’s like Eastman-Kodak and IBM believed that the technology they were using could not be improved, enter the personal computer and the cell phone. They did not react to changing technologies.
If your organisation has not yet begun this journey, then CEOs and Boards need to undertake an analysis of Industry 4.0 so they do not miss the opportunity to increase their organisations performance, reduce operation costs and improve profitability.
Listed below are some of the numerous direct and indirect benefits implementing Industry 4.0 can bring:
| Increased | Decreased |
| Productivity and performance | Manufacturing costs |
| Overall operational efficiency | Logistics costs |
| Resources performance | Quality costs |
| Equipment life time | Labor costs |
| Container utilisation | Energy costs |
| Revenue in new products and services | Water usage |
| Supply chain speed | Maintenance costs |
| Production time | Retailer inventory carrying costs |
| Customer fulfilment | Error rates in order picking activities |
Imagine a real-time connected supply chain incorporating a Raw Material Producer, Supplier, Transport operator, Manufacturer, Distributor and Retail consumer. A digitally-integrated and intelligent supply chain enables an unprecedented level of collaboration and real-time visibility across the supply chain to help address rising customer expectations.
In our next article we will look at the endless possibilities of Industry 4.0 and how to implement it successfully. Stay connected with us on LinkedIn to keep up to date with our industry insights.
Rowe Advisory is a leading consulting business in Australia. We are strategically placed to be able to lead, manage or advise on preparing your business for Industry 4.0.
Lastly and most importantly, we guarantee our work.
Contact Rowe Advisory today for a no obligation confidential discussion. Our team of industry experienced consultants are here to help.
Chief Executive Officer, Jody Rowe, at jody@roweadvisory.com.au
Managing Consultant (Brisbane Office), Bryan Schriiffer, at bryan@roweadvisory.com.au
Managing Consultant (Adelaide Office) Richard Peasgood, at richard.p@roweadvisory.co.au