Abstract:

Today Internet of Things, Big Data and Industry 4.0 creates innovative solutions for logistics as the convergence of software and hardware development will make industrial production and public services more powerful and efficient. Innovation projects are advancing the way that manufacturing companies and their supply chain networks drive productivity, collaborate and build intelligence. The development rhythm of the modern economy urges organizations to process all data on operating processes, process efficiency, and quality management, as well as business planning. As machines learn to communicate, bringing intelligent, connected equipment to all industries, companies are eager to add value to their customers. Collaborative technology connects employees' efforts to extend the organization’s services to the customer and create new products. From the perspective of the traditional supply chain ecosystem, the question arises on how organizations will be able to smoothly transfer the collaboration with partners and transparency into operations, respectively into digital ecosystems. The collapse of traditional supply chain nodes into an open, digitally interconnected network likely can create new value and new opportunities for cost reduction? The researchers propose to assess collaborative technologies and explain how vulnerabilities of this Industry 4.0 movement can be surpassed through collaboration. As a solution to collaboration, ERP systems prospect in real-time production facilities, removes inefficiencies and improves transaction cycles. Now companies can react in real-time based on customer needs. Sharing information through ERP systems paved the way in developing successful supply chain business-supplier relationships. When a supplier collaborates with a distributor, the result is a win-win.