New Business Models from Prescriptive Maintenance Strategies Aligned with Sustainable Development Goals

Abstract

The industry has entered on the Fourth Industrial Revolution, the so-called Industry 4.0, with global markets and strong competition, some traditional manufacturing firms are implementing new maintenance innovations and policies, based on digitalisation and data driven approach, but also based on servitisation. The implementation of these new equipment maintenance business models, could require new organisational approach at different levels. Different sorts of integration are arranged, in vertical with a flat structure of intelligent, flexible and autonomous units working integrated, in horizontal with a strong external and internal supply chain integration, and in transverse, with an integrated approach that link internal and external stakeholders. A new prescriptive maintenance business model for equipment exploiting digitalisation opportunities, including stakeholder relationship is proposed. Different perspectives such as organisational, innovation and sustainability have been adopted to discuss the implications of the proposal. The social value potentially gained as well as the alignment with the SDGs are discussed as well.

Society 5.0: A Japanese Concept for a Superintelligent Society

“…In a direct manner, the development of the different industrial revolutions is related to the concept of Society 5.0 [9]. In this chronological period in the history of humankind, future technological advances are restated and led by an approach whose goal is the well-being of all individuals [10,11].…”

Towards a Conceptual Development of Industry 4.0, Servitisation, and Circular Economy: A Systematic Literature Review

“…From the I4.0 literature analysis, it is noted that the present increasing attention and interest of organisations in I4.0 technologies encapsulate the technical foundations of its general implications on business [2,3,37]. Most studies focus on the challenges of I4.0 for organisations [36,38], in the form of reviews or opinions that critically relate to BM designs [39][40][41] and how I4.0 can help organisations' deliver, capture, and create value in this context [4]. The vital influence of I4.0 in BMs has critically received limited attention from researchers [16,42].…”

Happiness Management: A Culture to Explore From Brand Orientation as a Sign of Responsible and Sustainable Production

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