Industry 4.0: 2 basic questions

By Dr. Alin Posteucă

There is much to say about Industry 4.0 (cyber physical production systems).

But two basic questions on Industry 4.0 are required:

1) Is Industry 4.0 the solution proposed for this crisis?

If we look at the previous evolution, it seems that yes (Industry 1.0 of the 18th century – the solution for the crisis of the 18th century, Industry 2.0 from the beginning of the 20th century – the solution for the crisis in ’29 -’33, Industry 3.0 of the 70s – the oil crisis solution). Is Industry 4.0 a kind of energy of the future? and

2) Is the society as a whole ready for this long-term solution?

More details on LinkedIn.

Dr. Alin Posteucă is the founder and CEO of Exegens®, a global consulting firm specialized in cost competitiveness improvement and operational excellence. It helps customers create and implement profitable strategies and cost improvement programs that ensure a unit cost improvement of at least 6% per year for each of the next 5 years by maximizing the efficiency and effectiveness of operations.

He is the author of Manufacturing Cost Policy Deployment (MCPD) concept, published in three books at Productivity Press – Routledge/ CRC, New York (USA). The latest, ”Manufacturing Cost Policy Deployment (MCPD) Profitability Scenarios: Systematic and Systemic Improvement of Manufacturing Costs” (October 2018) is based on its main belief that the annual and multiannual target profit can be achieved irrespective of the sales volumes, increasing or decreasing. He is also the co-author of the book ”Manufacturing Cost Policy Deployment (MCPD) and Methods Design Concept (MDC): The Path to Competitiveness”, published at Productivity Press New York (USA), 2017, as well as the author of the book ”Manufacturing Cost Policy Deployment (MCPD) Transformation: Uncovering Hidden Reserves of Profitability”, published at Productivity Press din New York (USA), February 2018.

Alin Posteucă has more than 20 years of experience in Cost Improvement consulting and training. He has a PhD degree in Industrial Engineering and a PhD degree in Economics.