Bob Davies, international operations manager of obsolete components supplier, EU Automation, discusses the role the smart supply chain plays in the factory of the future
In the animal kingdom many animals store food to see them through the difficult winter period, but in the case of the Gray Squirrel it has been shown that 74 per cent of their buried stores fail to be recovered.
In the age of accelerated industrial obsolescence, some manufacturers have taken a similar approach, stockpiling spare parts for their industrial automation systems in case of equipment failure later on. Using a more modern approach can streamline this process by maximising factory space and minimising waste.
When German industrialists created the concept of Industry 4.0, they played heavily on the idea of the smart factory, in which the whole facility is integrated, connected, intelligent analytics orientated and focussed on reducing downtime and waste. [Read more…] about How supply chain professionals can help create a smart factory