Custom goods in the pre-industrial society is the norm. In the twentieth century, the temptation of manufacturers to adopt mass production models, cheap, readily available goods attracted consumers away from unique pieces unique to the early days. In the 21st century, a rebound in the unification of mass-produced products has rekindled the desire of consumers for uniquely tailored products.
The growing demand for customization is making the efficiency and profitability of the current manufacturing model more and more tense. However, companies that are increasingly customized to fail to deliver consumer demand face the risk of losing revenue and customer loyalty.
So what can software furniture makers do to adapt to changing market conditions and ensure they flourish in a vibrant global market? Many observers believe that we are in a new industrial revolution, often referred to as the Fourth Industrial Revolution or Industry 4.0, which will provide businesses with the means to deal with the increasingly complex manufacturing industries and provide greater possibilities for product innovation Business model transformation.
Industry 4.0, the umbrella term for many digital technologies, is already changing manufacturing; it represents a new way of manufacturing and an unavoidable future. We live in a constantly connected era: tablets, cell phones, smart homes. It is natural for this technology to eventually enter the manufacturing world.
During the digitalization of industrial processes, from creation to production, Industry 4.0 is creating a new factory ecosystem organization. A comprehensive network of automation, production and IoT will drive external value chain participants in the flow of digital communications between machines, both inside and outside the machine. This networked production system makes it possible to build smarter production processes and supply chains. It also helps create a smart factory.
Naturally communicating with humans, machines and products on social networking sites such as Facebook or Twitter, these smart factories manage a higher level of complexity, are less susceptible to disruption, and enable more efficient manufacturing.