Industry 4.0 and the current status as well as future prospects on logistics

TL;DR: In this article, the authors summarize the current and potential capabilities of the Internet of Things (IoT) and how it contributes to Logistics Management and how they might contribute more in the digital age of the year 2050.

TL;DR: In this paper , a prospective analysis of the opportunities offered by smart technologies regarding the sustainability of the service supply chain is proposed, which is guided by a literature review, interviews with experts, and a quantitative study.

TL;DR: A machine learning (ML) model is proposed as a promising approach to improve the underlying failure phenomena in the AM process and how a ML model can be distributed to form an interactive learning network of smart AM components to fulfil the Industry 4.0 requirements.

TL;DR: In this article , the impact of Industry 4.0 (I4.0) on supply chain governance (SCG) mechanisms within inter-organizational relationships in a multi-tier context is investigated.

TL;DR: In this article, a group of generals of the Byzantine army camped with their troops around an enemy city are shown to agree upon a common battle plan using only oral messages, if and only if more than two-thirds of the generals are loyal; so a single traitor can confound two loyal generals.

TL;DR: It is concluded that it will not be sufficient to improve design processes, raise the level of abstraction, or verify designs that are built on today's abstractions to realize the full potential of cyber-Physical Systems.

TL;DR: Porter and Heppelmann as discussed by the authors provide a framework for developing strategy and achieving competitive advantage in a smart, connected world by providing a broad set of new strategic choices for companies about how value is created and captured.

TL;DR: In this paper, the authors describe the developments of Industry 4.0 within the literature and review the associated research streams. And they assess the practical implications, conducting face-to-face interviews with managers from the industry as well as from the consulting business.