Supply Chain 4.0 & Logistics 4.0 | 6 Ways to increase efficiency using Digital Supply Chain in 2021
How supply chain 4.0 and logistics can increase efficiency by 500 %
One of this advancement is Supply Chain 4.0 which is the restructuring of the previous supply chains – design and planning, production, distribution, consumption, and logistics. This is by using technologies viz Industry 4.0.
Before continuing, let’s note that the Logistics and Supply Chain Management terms are often used interchangeably but they are not the same.
Logistics management is the process of integration and preservation of goods in an organization whereas Supply Chain Management is the coordination and management of supply chains.
Logistics is basically a subdivision of the supply chain. Increase your business efficiency by subscribing to learn transformation and making use of supply chain and logistics by focusing 6 major parameters :
- Transform business model
- Customer’s fulfilment
- E-Commerce
- Accuracy
- Collaboration
- Reducing costs
Source : Learn Transformation YT
