Meaning of industry 4.0 The term “Industry 4.0” is used for the fourth industrial revolution. This revolution is characterized by the integration of advanced digital technologies into manufacturing and production processes, leading to the creation of smart factories. These technologies include the Internet of Things (IoT), big data analytics, artificial intelligence (AI), cloud computing, and
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Lean Implementation and Measuring Output In many manufacturing companies, measuring output is not as easy as counting the number of filing cabinets (or the number of cars coming off an assembly line). In a paint or chemical factory, for example, measuring units of 1-litre cans means something completely different than measuring 10-litre cans. The output
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