Materials Master Data Maturity in the Era of Industry 4.0

Maintenance is easy if you have the right spare parts – or so they say. Over the last 5 years, digitalization and the data we receive from machines are providing new possibilities for optimized maintenance and repair with access to real-time information from factory floors.

Indeed, data interoperability, the IoT (Internet of Things) and digital twins – all components of Industry 4.0 – are on the forefront of change promising improved interactions between the operator and the manufacturer – reducing inventory costs and improving the supply chain ecosystem overall.