Supply Chain World Volume 10, Issue 5 Volume 10, Issue 5 | Page 13

_______________________________________________________________________________________________________ Innovation al supply chain

Industry 4.0 technologies , which includes the integration of new digital tools , automation , and robotics to improve efficiency and reduce risks and costs . While some companies are adapting and modernizing , some will be left behind .
A key component of Industry 4.0 is the use of Computer Numerical Control ( CNC ) machining , which allows for precise and repeatable manufacturing of products . CNC machining has significantly improved the manufacturing industry ' s ability to respond to supply chain issues by providing a reliable and scalable production process . In the past , the production process was time-consuming and labor-intensive , making it challenging to adjust to a sudden shift in demand . However , CNC machining has enabled manufacturers to quickly adapt to changes in demand , therefore mitigating risks associated with supply chain disruptions . Platforms like Wikifactory provide organizations with all the necessary tools to develop and produce products faster and with reduced reliance on supply chains , making them a valuable resource . During times of crisis , in particular , during the pandemic , product designers designed and produced PPE equipment and ventilators using Wikifactory ' s fully end-to-end platform . scw-mag . com 13