2020
DOI: 10.1108/bpmj-05-2020-0216
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A business process and portfolio management approach for Industry 4.0 transformation

Abstract: PurposeThe purpose of this paper is to address the difficulties faced by manufacturing enterprises by providing a project portfolio management approach supporting the selection and prioritization of various Industry 4.0 projects where business process analysis is used to ensure the strategic alignment and value of the project portfolio.Design/methodology/approachThe design research methodology, a mixed applied research methodology, was used to develop and test the proposed approach.FindingsDespite the growing … Show more

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Cited by 31 publications
(29 citation statements)
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“…Industry 4.0 technologies, therefore, contribute to digital transformation. Some examples have been finding in the manufacturing (Das & Dey, 2021;Sophie et al, 2020) and energy (Borowski, 2021) sectors, but they have been more evident in the automotive and service industries (Demeter et al, 2020;Ghobakhloo, 2018). Although they have been developing in industrialized nations, this study, which covers many large and medium-sized companies from various sectors of economic activity, also demonstrates their effectiveness in emerging economies.…”
Section: Discussionmentioning
confidence: 73%
See 1 more Smart Citation
“…Industry 4.0 technologies, therefore, contribute to digital transformation. Some examples have been finding in the manufacturing (Das & Dey, 2021;Sophie et al, 2020) and energy (Borowski, 2021) sectors, but they have been more evident in the automotive and service industries (Demeter et al, 2020;Ghobakhloo, 2018). Although they have been developing in industrialized nations, this study, which covers many large and medium-sized companies from various sectors of economic activity, also demonstrates their effectiveness in emerging economies.…”
Section: Discussionmentioning
confidence: 73%
“…They have recognized the effect that Industry 4.0 has on digital transformation, redefining how these companies have taken advantage of their ownership-location-internalization benefits (Das & Dey, 2021). Although there is no method by which manufacturing companies can select a large number of improvement projects (Sophie, Pellerin, Bellemare & Perrier, 2020) because studies tend to focus on the evaluation and implementation of a single technology, while the transformation of an intelligent plant requires the consolidation and coordination of many initiatives to achieve a global goal. For its part, Borowski (2021) affirms that digitization in the energy sector has exceeded the traditional ranges of productivity improvement of three to five percent per year, with a potential cost improvement of more than 25%, which motivates companies to increase energy efficiency through the implementation of state-of-the-art innovative technical and technological solutions.…”
Section: Technologies Of Industry 40 Social Culture and Organizational Performancementioning
confidence: 99%
“…Critical reviews [39][40][41][42][43] of existing I4.0 maturity model were also carried out. Other studies aimed to assist manufacturing companies in the complex issue of I4.0 technology selection: decision-making frameworks [44,45] and project-portfolio management models [46] were developed for this purpose. Factors enabling a successful digital transformation were also investigated: some studies argue that leadership assumes a crucial role in the paradigm shift towards I4.0 and investigated leadership characteristics and skills [47,48].…”
Section: Digital Transformation Modelsmentioning
confidence: 99%
“…In fact, technological advances are at the root of the Industry 4.0 concept, which first emerged at Hannover Messe in 2011, and was initiated by a German government to improve the performance of the industrial sector, and to cope with the increased complexity of manufacturing systems by improving systems integration. In research, Industry 4.0 refers to a set of concepts and technologies that enable decentralized decisions based on real-time connectivity and communication between systems and machines to develop and improve processes, products, and services [16]. This change is driven by various ongoing global megatrends such as globalization, urbanization, individualization, and demographic changes that will significantly affect the entire business environment in the future.…”
Section: Introductionmentioning
confidence: 99%