APPLICATION OF DIGITAL TECHNOLOGIES IN INDUSTRY AND ENTERPRISE VALUE CHAIN

Marin Geshkov ()
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Marin Geshkov: University of National and World Economy - Sofia, Bulgaria

Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 226-231

Abstract: According to the system approach, a modern enterprise is considered to be a system with an entry and an exit. Inputs such as capital, labor, and materials are at the entry point, and at the exit is the final product. Production transforms inputs into final output within the enterprise. This process of transformation of raw inputs into the final output represents a firm value chain. To achieve this transformation with minimum costs and maximum profits, the production requires optimal allocation of inputs in the process of production and precise control and management of product quality. How do modern digital technologies apply to the process of controlling and managing the enterprise value chain? To answer this question is the purpose of our report. It will be organized as follows: Introduction, Chapter I - Enterprise and Industry Value Chain, Chapter II - Application of Modern Digital Technologies in Enterprise and Industry Value Chain, Conclusion.

Keywords: quality management systems; enterprise; optimization; digital technologies (search for similar items in EconPapers)
JEL-codes: M11 M13 M15 (search for similar items in EconPapers)
Date: 2020
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