b) Impact of the Fourth Industrial Revolution on Supply Chain Lea Manufacturing industry Additional Revenues 22.6% 20.1% Cost Reduction 17.6% Cost Reduction + additional revenues 17.6% Logistics Service Additional Revenues 33.6% 14.5% Cost Reduction 34.2% Cost Reduction + additional revenues 17.8% 每 Retail Additional Revenues 33.3% 25.5% Cost Reduction 7.8% Cost Reduction + additional revenues 33.3% Source: http://www3.weforum.org/docs/WEF The above diagram shows the expected impact of digital transformation on the cost situation in companies practising Industrial Revolution 4.0 (IR 4.0) principles. a) Discuss two (2) factors that could benefit the logistics industry when embracing the digital transformation initiative. Elaborate two (2) activities in logistics operations that require changes to fulfil the digital transformation to IR 4.0.
b) Impact of the Fourth Industrial Revolution on Supply Chain Lea Manufacturing industry Additional Revenues 22.6% 20.1% Cost Reduction 17.6% Cost Reduction + additional revenues 17.6% Logistics Service Additional Revenues 33.6% 14.5% Cost Reduction 34.2% Cost Reduction + additional revenues 17.8% 每 Retail Additional Revenues 33.3% 25.5% Cost Reduction 7.8% Cost Reduction + additional revenues 33.3% Source: http://www3.weforum.org/docs/WEF The above diagram shows the expected impact of digital transformation on the cost situation in companies practising Industrial Revolution 4.0 (IR 4.0) principles. a) Discuss two (2) factors that could benefit the logistics industry when embracing the digital transformation initiative. Elaborate two (2) activities in logistics operations that require changes to fulfil the digital transformation to IR 4.0.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Transcribed Image Text:b)
Impact of the Fourth Industrial Revolution on Supply Chain
Lea Manufacturing industry
Additional
Revenues
22.6%
20.1%
Cost
Reduction
17.6%
Cost Reduction + additional
revenues
17.6%
Logistics Service
Additional
Revenues
33.6%
14.5%
Cost
Reduction
34.2%
Cost Reduction + additional
revenues
17.8%
每
Retail
Additional
Revenues
33.3%
25.5%
Cost
Reduction
7.8%
Cost Reduction + additional
revenues
33.3%
Source: http://www3.weforum.org/docs/WEF
The above diagram shows the expected impact of digital transformation on the cost situation
in companies practising Industrial Revolution 4.0 (IR 4.0) principles.
a)
Discuss two (2) factors that could benefit the logistics industry when embracing the
digital transformation initiative.
Elaborate two (2) activities in logistics operations that require changes to fulfil the
digital transformation to IR 4.0.
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