Read the white paper The Smart Industry Readiness Index by the Economic Development Board, 01 April 2020,
Question:
Read the white paper The Smart Industry Readiness Index by the Economic Development Board, 01 April 2020, available at https://www.edb.gov.sg/en/about-edb/media-releases-publications/advanced-manufacturing-release.html
According to EDB (2020), the three fundamental building blocks of Industry 4.0 are: The Technology Building Block The Process Building Block The Organisation Building Block
Select an organisation that is part of the supply chain eco-system, e.g. supplier, manufacturer, distributor/wholesaler, retailer, or logistics service provider. This organisation may be one you work/intern for or one that you are familiar with.
Question 1A
Examine whether this organisation's supply chain is well equipped to handle sudden demand or supply shocks in the future. Use the LIVING framework proposed by Handfield & Linton (2017) as the basis of your discussion.
Question 1B In your opinion, which part of the LIVING philosophy is this organisation doing well or faring poorly? Why? What can be done to improve the situation?