Industry 4.0 & the future of productivity

By Dr. Alin Posteucă

Industry 4.0: best practice, the role of man and the future of productivity in factories

Increasingly, it is believed that Industry 4.0 will significantly transform the design, manufacture, operation, services and manufacturing systems as a whole. As some of you already know, Industry 4.0 has 9 pillars: (1) Big data and analytics; (2) Autonomous robots; (3) Simulation; (4) Horizontal and vertical system integration; (5) The Industrial Internet of Things; (6) Cybersecurity; (7) The cloud; (8) Additive manufacturing și (9) Augmented reality. In fact, lately, Industry 5.0 is already talking.

So what examples of Industry 4.0 best practice do you know? What is their impact on the long-term plant productivity (equipment, man, materials, space and utilities)? Starting from the fact that the difference will continue to be done by man, which may be the role of man in the future in a Industry 4.0 environment?

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.