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

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

Industry 4.0 refers to the integration of digital technologies such as IoT, AI, and data analytics into manufacturing processes to create smart factories.

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

Key components include sourcing, production, inventory management, distribution, and customer service.