IoT connects devices and equipment in factories to collect and exchange data, enabling real-time monitoring, remote control, and predictive maintenance.

Benefits include reduced costs, improved quality, shorter lead times, increased flexibility, and better customer satisfaction.

Factories can improve product quality by implementing quality control measures, using advanced technology, providing training to employees, and listening to customer feedback.

Industry 4.0 can improve operations by enabling real-time monitoring, predictive maintenance, process optimization, and enhanced decision-making.

Lean manufacturing is a systematic approach aimed at minimizing waste while maximizing productivity and efficiency.