ndustry 4.0 is increasingly being hailed as the way to raising productivity, stimulating economic growth, and safeguarding the long-term viability of manufacturing businesses. A large number of businesses, on the other hand, have already partially or completely incorporated the ideas and tools of the Lean management method, which is similarly targeted at increasing productivity. There are strong parallels between the principles and tools proposed by Industry 4.0 and those proposed by the Lean management approach, with a particular emphasis on how some of Industry 4.0's technologies are improving the implementation of Lean principles, depending on their capability levels. As a result, based on the capability levels that have been established as targets, there are implications of Industry 4.0 technologies for Lean principles to consider. As a result, it is critical to implement Lean management practises while also enhancing some of the concepts of Lean through the application of Industry 4.0 technologies. Requirement 2. What is the advantages and disadvantages in technology application Inventory and Warehouse Management?
Industry 4.0 is increasingly being hailed as the way to raising productivity, stimulating economic growth, and safeguarding the long-term viability of manufacturing businesses. A large number of businesses, on the other hand, have already partially or completely incorporated the ideas and tools of the Lean management method, which is similarly targeted at increasing productivity. There are strong parallels between the principles and tools proposed by Industry 4.0 and those proposed by the Lean management approach, with a particular emphasis on how some of Industry 4.0's technologies are improving the implementation of Lean principles, depending on their capability levels. As a result, based on the capability levels that have been established as targets, there are implications of Industry 4.0 technologies for Lean principles to consider. As a result, it is critical to implement Lean management practises while also enhancing some of the concepts of Lean through the application of Industry 4.0 technologies.
Requirement
2. What is the advantages and disadvantages in technology application Inventory and Warehouse Management?
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