Industry 4.0 in terms of logistics and supply chain management- Benefits

Ganesh Radhakrishnan

Abstract

Business 4.0, or the fourth revolution, refers to the use of technologies such as artificial intelligence (AI), the Internet of Things (IoT), and robots to improve the efficiency and effectiveness of the manufacturing process. It has recently become popular as Logistics and Supply Chain Management: Fundamentals and Strategies and has great potential to revolutionize supply chain and logistics management. In this section, the advantages of Industry 4.0 in logistics and supply chain management will be emphasized from the perspective of logistics professionals and experts. Benefits of Industry 4.0 in Terms of Industry of Logistics and Supply Chain Management 4.0 have many benefits in terms of logistics and supply chain management. These include better performance, better customer service, better visibility, lower costs, better security and more. Improved visibility Improved visibility is a key benefit of Industry 4.0 for supply chain management and supply chain management. IoT devices may be used to collect data from many linked devices in real time for improved tracking and monitoring of products in transit. Focusing can increase efficiency, improve customer service and reduce delays. It can also help detect potential problems before they turn into serious problems, allowing for a smoother resolution than just putting out a fire. This paper tries to induce new path in Indian companies.