Analysis of Factors Affecting Company Performance by Smart Factory

This study focused on the smart factory, one of the critical paradigms in the digital transformation in manufacturing, and attempted a meta-analysis to systematically integrate statistical results from existing empirical analysis studies. An integration model, key factors—smart manufacturing adoption—performances, was established from collecting 42 Korean examples of literature. To compare effect sizes between domestic and foreign empirical study results, 11 foreign articles were added, and the moderating effect verification was conducted. As a result of the analysis, (1) the key factors of the adoption and continuous use of smart manufacturing were the network effect, social influences, finances, performance expectancy, facilitating condition, technological capabilities, and entrepreneurship. (2) The adoption and continuous use of smart manufacturing had a significant impact on business performances, especially the financial performance. (3) The impacts of entrepreneurship and the network effect as factors influencing the decision making of smart manufacturing adoption in Korea can be seen to be significantly higher than those of foreign countries. (4) The impact of smart manufacturing adoption on performances in Korea was higher than other countries. The findings of this study will provide practical implications for practitioners optimizing digital transformation manufacturing policies and supporting the adoption of smart manufacturing systems.

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A Study on the Effect of SMEs Performance According to the Smart Factory Introduction Environment: Focusing on SMEs in Incheon

Lee¹,

Yoo²

2023

JKIIE

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Analysis of Factors Affecting Company Performance by Smart Factory

Cited by 3 publications

References 3 publications

Application Case of Safety Stock Policy based on Demand Forecast Data Analysis

Application Case of Safety Stock Policy based on Demand Forecast Data Analysis

Key Drivers and Performances of Smart Manufacturing Adoption: A Meta-Analysis

A Study on the Effect of SMEs Performance According to the Smart Factory Introduction Environment: Focusing on SMEs in Incheon

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