Industry 4.0 and Lean Principles: A Partnership to Secure Digital Success
Successful businesses are continually striving to boost speed, efficiency, and profits by optimizing their increasingly complex operations—regardless of industry. To stay ahead in today’s competitive business environment, firms face ongoing pressure to deliver gains in productivity, quality, and customer service. In recent years, the catchphrase “Industry 4.0” has come to represent the next wave of opportunities for ambitious businesses. Here we’ll examine important elements of Industry 4.0 and how it relates to digitalization. We’ll also cover how digital transformations can go awry and illustrate how Lean management principles can lay the foundation for successful adoption of Industry 4.0.
