Owned by Fethi

Introduction to digital trade

...

Contemporary manufacturing often involves large manufacturers dealing with a small number of risk-sharing partners who co-design and deliver key subsystems of the customized product. These partners sub-contract the supply of key systems to their suppliers which results in a vast network of collaboration activities throughout the supply chains involving companies of all sizes. The “digitization” of production and logistics provides a number of significant, new advantages to modern supply chain management in the so-called Industry 4.0 concept. Industry 4.0 concept embraces the Internet of Things, Internet of Services and Cyber-Physical Systems to bring the new design for modern manufacturing. Design features of Industry 4.0 are Interoperability, Virtualisation, Decentralisation, Real-Time Capability, Service Orientation, and Modularity.

...