Benefits of Industry 4.0 for Logistics and Decision-making of Managers
Abstract
The article discusses the benefits of the implementation of the Industry 4.0, focusing on the logistics management and decision-making of business managers. The obtained data and conclusions are evaluated qualitatively. Modern technologies have a significant impact on the lives of people and businesses today. This trend is mainly supported by advances in information and communication technologies. ICT technologies are now more accessible and smarter than ever before. This creates new opportunities and opportunities to improve business processes at enterprise level. ICT potential is also an option to generate more data thanks to devices and sensors in Industry 4.0. This data has a potentially important information value for the pony, especially in the decision-making process. The Industry 4.0 has been able to digitize the enterprise through several new technologies and their interconnection. Following the results obtained from this research study, it can be concluded that, based on acquired information through such a digital concept, Industry 4.0 can improve logistics and decision-making processes, and ultimately, the overall performance and prosperity of the enterprise. The Industry 4.0 is now creating an opportunity for businesses to digitize business operations at all levels of management.
-
[1] Frank A.G. Dalanogare L.S. & Ayla N.F. (2019). Industry 4.0 technologies: Implementation patterns in manufacturing companies. International Journal of Production Economics. 210(4) 15-26.
-
[2] Castelo-Branco I. Cruz-Jesus F. & Oliveira T. (2019). Assessing Industry 4.0 readiness in manufacturing: Evidence for EU. Computers in Industry. 107(5) 22-32.
-
[3] Sanders A. Elangeswaran C. & Wulfsberg J. (2016). Industry 4.0 Implies Lean Manufacturing: Research Activities in Industry 4.0 Function as Enablers for Lean Manufacturing. Journal of Industrial Engineering and Management. 9(3) 811-833.
-
[4] Burieta J. (2017). Prvý ročník fóra kvality bol veľmi úspešný. Retrieved September 01 2019 from https://www.ipaslovakia.sk/sk/tlac-a-media/aktualne-vzdelavanie/prvy-rocnik-forakvality-bol-velmi-uspesny.
-
[5] Vaidya S. Ambad P. & Bhosle S. (2018). Industry 4.0 – A Glimpse. Procedia Manufacturing. 20 233-238.
-
[6] Wopata M. (2019). IoT analytics – market insight. The leading Industry 4.0 companies 2019. Retrieved September 02 2019 from https://iot-analytics.com/the-leading-industry-4-0-companies-2019/.
-
[7] Microsoft Azure product portfolio. (2019). Retrieved September 02 2019 from https://azure.microsoft.com/en-us/.
-
[8] Migalani S. (2018). Microsoft – Industry 4.0 smart factories with IoT and AI. Retrieved September 10 2019 from https://blogs.msdn.microsoft.com/msind/2018/04/27/iiot-smart-factories-ai-azure-iot-edge/.
-
[9] Müller J. & Däschle S. (2018). Business Model Innovation of Industry 4.0 Solution Providers towards customer process innovation. Processes. 6(12) 260.
-
[10] PTC – augmented reality use cases. (2019). Retrieved September 11 2019 from https://www.ptc.com/-/media/Files/PDFs/IoT/J10118_PTC_AR_Use_Cases_ebk_EN_V4.pdf.
-
[11] Siemens – product portfolio for digital innovations. (2019). Retrieved October 05 2019 from https://www.plm.automation.siemens.com/global/en/products/.
-
[12] WT1 – Production portfolio of GE Digital. (2019). [Retrieved October 16 2019 from https://www.ge.com/digital/sites/default/files/download_assets/Become-digital-industrial-company-GE-Digital-overview.pdf.
-
[13] WT2 – Production portfolio of GE Digital second part. (2019). Retrieved October 20 2019 from https://www.ge.com/digital/blog/industry-40-lets-get-started.
-
[14] PwC – Industry 4.0: Budovanie digitálneho podniku. (2019). Retrieved October 21 2019 from https://www.pwc.com/sk/sk/publikacie/assets/2016/ceo-prieskum/industry-4-0-budovanie-digitalneho-podniku.pdf.
-
[15] GE Digital – Use case Gallo Glass Company. (2019). Retrieved October 23 2019 from https://www.ge.com/digital/customers/gallo-glass-company-improves-quality-safety-and-efficiency-ifix-ge-digital.
-
[16] Siemens – case study of Akevono Kohgyo. (2019). Retrieved October 23 2019 from https://www.plm.automation.siemens.com/pub/case-studies/64571?resourceId=64571.
-
[17] Microsoft – case study Textron. (2019). Retrieved October 23 2019 from http://customers.microsoft.com/en-in/story/manufacturer-to-reduce-it-costs-by-25-million-with-hyb.
-
[18] Solutions Industry 4.0 from PTC. (2019). Retrieved October 23 2019 from https://www.ptc.com/en/industries/manufacturing.
-
[19] Falát L. & Holubčík M. (2017). The influence of marketing communication on financial situation of the company – a case from automobile industry. Procedia Engineering. 192 148-153.
-
[20] Soviar J. Holubčík M. Rechtorík M. & Pollak F. (2019). The Presentation of Automotive Brands in the On-Line Environment The Perspective of KIA Peugeot Toyota and VW in the Slovak Republic. Sustainability. 11(7) 2132.
-
[21] Soviar J. Holubčík M. & Vodak J. (2018). Regional Cooperation Ecosystem: Case of the Zilina Self-Government Region (Slovak Republic). Sustainability. 10(7) 2219.
-
[21] Holubčík M. & Falát L. (2016). Possible implementations of prediction models for forming global cooperation relations. In Globalization and its socio-economic consequences - 16th international scientific conference (pp. 670-677). Rajecke Teplice Slovak Republic.
-
[22] Seetharaman A. Patwa N. Saravanan A.S. & Sharma A. (2019). Customer expectation from industrial internet of things (IIOT). Journal of Manufacturing Technology Management. 30(8) 1161-1178. DOI: 10.1108/JMTM-08-2018-0278.
-
[23] Sevinç A. Gür S. & Eren T. (2018). Analysis of the difficulties of SMEs in industry 4.0 applications by analytical hierarchy process and analytical network process. Processes. 6(12) DOI: 10.3390/pr6120264.
