What is Obsolescence in Manufacturing? Tips for Avoiding the Pitfalls
Obsolescence is an unavoidable part of any manufacturing endeavor. No matter how well your company has planned, some factors are more challenging to consider in advance than others.
In the era of Industry 4.0, new technology continues to revolutionize the manufacturing industry. Industry professionals view it as the latest industrial revolution, hence the Industry 4.0 moniker. Big data and computing technologies are the front-runners in innovations proving value to manufacturers. It is more crucial now than ever to remain on the leading edge of new technology. Upgrading equipment to provide greater efficiencies will provide a greater return on the investment.Read More