Industry 4.0 manufacturing framework has been conceptualized to take the idea of extended enterprise ahead. It breaks the silos within the organization and with the help of cyber physical systems, it takes the collaboration activity and visibility to a very high level, including OEM and its ecosystem which consists of multilevel partners. Smart manufacturing Industry 4.0 comprises the following components — logistics visibility, integrated planning and execution, procurement 4.0, spare parts management, smart warehousing, autonomous and B2C logistics, and prescriptive supply chain analytics.
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