DIGITAL FACTORY – A PREREQUISITE FOR REVITALIZING THE PRODUCTION SECTOR

Monica Nedelcu, Adriana Dima (Girneata) and Ruxandra Dinulescu ()

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2018, vol. 12, issue 1, 520-529

Abstract: The high demand in certain industrial sectors requires a steadily rhythm of production. In addition, although in many cases mass production is being used, a particular emphasis has to be placed on individualized production. Connecting many products to the Internet, presence of sensors, wireless communications expansion, robot and intelligent machine development, real-time data analysis have the potential to turn the way in which production is made in what is considered to be the fourth revolution, called Industry 4.0. The digital plant makes it possible to implement manufacturing processes, plant concepts and new technologies that, without simulation-based solutions, could not be put into practice or could be put into practice, as the case may be, but only by incurring considerable costs. The aim of this article is to study the benefits of digital factories in Romania as a prerequisite for revitalizing the production sector. The research methodology of the paper is focused on literature review and on the analysis of various studies and relevant findings in the field. From an economic point of view, digital factories represent a chance for relaunching, re-engineering production and evolving business models for services and products. To achieve the true Industry 4.0 potential, companies need to plan digital transformation. Manufacturers need to start searching for the best talent with digital skills and develop a clear plan on the manner digital factories will evolve.

Keywords: digital factory; digitalization; enhancement of productivity; industry 4.0; manufacturing industry. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:12:y:2018:i:1:p:520-529

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