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More and more manufacturers are seeing productivity as a crucial factor to their business success. In the meantime, business models are changing from the large quantities and few variants to small quantities with frequently changed variants. This change requires high flexibility during production.

The automation debate is a captivating one, but for some it conjures up images of a world where their roles become obsolete, superseded by the ruthless efficiency and unwavering energy of machines.

These days mirror the late 1990s, when the Internet evolved to widespread use—and the topic bedeviled many. But others—in banking and entertainment, for example—who quickly learned the new lingo and jumped at the chance to explore the Web’s potential benefited greatly. Today’s tantalizing topic: blockchain.

One of the foundational aspects of Industry 4.0 protocols is the creation of electronic “digital twin” models of product data and production processes. This includes an exact replica of all machine tools, including complex work envelopes showing the particular spindles, fixtures, and cutting tools.

When Meyer and Ida Cohen founded Meyda Tiffany Co. in the early 1970s based on a family hobby of making stained glass windows, it’s doubtful that they ever thought it would evolve into the leading U.S. manufacturer of custom and decorative lighting.

If you’re feeling a bit overwhelmed by the prospect of Industry 4.0, and perhaps a bit sheepish about your lack of progress, you’ve got good company.

If you look at all the companies that were on the Fortune 500 list in 1990, “a very large percentage of them are not there anymore,” David Brousell, executive director of the Manufacturing Leadership Council, told people attending his talk on “Manufacturing 4.0” at Oracle’s recent Modern Business Experience conference.

On-time delivery (OTD), a measurement of the level of finish goods or services delivered when promised and in full, is a signal of efficiency that reveals how well operations is doing.

Road to maturity involves safeguarding supply chains, treating security with the same urgency as safety, for starters.

When drilling a well, clearing a forest or excavating a building site, experienced operators count on their toughest equipment to help them get the job done.