Lean manufacturing and Industry 4.0 are in some ways a case in contrasts. The former is a production methodology designed to reduce operational costs through a combination of process efficiencies, a lighter footprint and smart time management. In short, it’s a system of minimizing waste and maximizing productivity through the barest of essentials. According to a recent research report spearheaded by IndustryWeek, lean manufacturing systems is a major priority among manufacturers in the U.S. today, behind only quality management systems.
Industry 4.0 is next-generation technology, which relies heavily on state-of-the-art equipment, tools, data, and analytics to make automation possible.
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