Industry 4.0 refers to a new phase in the Industrial Revolution that focuses heavily on interconnectivity, automation, machine learning and real-time data. Industry 4.0, also sometimes referred to as IIoT or smart manufacturing. Industry 4.0 talks about investing in new technology and tools to improve the industry’s manufacturing efficiency. It empowers the business owners to better control and understand every aspect of their operation. Which allows them to leverage instant data to boost productivity, improve a process, and drive growth.
86% of consumers believe that delivery is a very important part of their shopping experience. Therefore, logistics is no more a backend function but plays a very important role in gaining competitive advantage in the highly cluttered e-commerce and retail industry. Therefore logistics companies must invest in new flexible, scalable and future-oriented technologies that will make their operations smarter, more effective, and efficient.
Smart logistics is the key for any organization which helps them to gain a competitive advantage over others. And that will definitely yield a high-profit margin.
There are many pioneers of Smart Logistics around the globe. Toyota is one of them, where smart trucks are equipped with telematics hardware (technology which deals with the long-distance transmission digital information) to connect easily to their end customers. This technology allows them to monitor trucks utilization and driver behavior. Which make sure that your resources are utilized at an optimum level.
Another pioneer of Smart Logistics, FarEye has introduced an intuitive dashboard that has business intelligence algorithms built in. It provides a 360-degree view of the operations based on the location, job type and hub. That way they can track their inventories and rectify faulty actions if required.
What is the value addition of Smart Logistics?
Bossard Group (another pioneer of Smart Logistics) actually believes that “Proven Productivity” is their contribution for boosting the competitiveness of their customers – sustainably and measurably.
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As we can see that these pioneers of Smart Logistics have a better competitive advantage in their respective sectors. Your organization could also become one of them through your innovation and can achieve a competitive advantage. Join us at Bot ‘N Brains as an innovation catalyst.
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