2021
DOI: 10.7441/joc.2021.01.05
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The Implementation of Industry 4.0 Elements as a Tool Stimulating the Competitiveness of Engineering Enterprises

Abstract: The article deals with the implementation of Industry 4.0 elements in Czech engineering companies in connection with the impact of this trend on the relationship between supplier and customer. The implementation of Industry 4.0 elements can have a positive effect on the relationship between supplier and customer through higher labour productivity, higher product quality as well as shorter production or delivery times. Industry 4.0 brings great opportunities for companies, which can mean greater efficiency and … Show more

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Cited by 11 publications
(5 citation statements)
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“…Of course, the business has employed them, but to a limited extent (for example, EU funds for employee training). Industry 4.0 will undoubtedly increase competition, reduce costs, reduce stockpiles, and increase production efficiency [60][61][62][63][64][65]. The potential loss of some job positions was mentioned by respondents as a drawback (risks).…”
Section: Results Of the Questionnaire Survey And Identification Of Tr...mentioning
confidence: 99%
“…Of course, the business has employed them, but to a limited extent (for example, EU funds for employee training). Industry 4.0 will undoubtedly increase competition, reduce costs, reduce stockpiles, and increase production efficiency [60][61][62][63][64][65]. The potential loss of some job positions was mentioned by respondents as a drawback (risks).…”
Section: Results Of the Questionnaire Survey And Identification Of Tr...mentioning
confidence: 99%
“…Organizational integration and digitization of value chains are needed for an effective I4.0 transition [5]. Although micro-enterprises are reluctant to invest in Industry 4.0 components, investments in Czech engineering companies are primarily focused on apparatuses and techniques confirming data safety, automation of scientific apparatus and procedures, mass customization, cloud-based computing, and sensor integration [51].…”
Section: Literature Reviewmentioning
confidence: 99%
“…The importance of international trade and its continuous dynamics have been influenced by the advent of several factors, which are usually referred to as megatrends in terms of their weight and impact on large-scale commerce [20]. One of these factors is transnationality, which has given rise to new kinds of agreements on intra-company commerce and inter-corporate collaboration [21]. Transnational corporations, associated with FDI, are an accurate representation of every transaction made between the direct investor and the business.…”
Section: Literature Reviewmentioning
confidence: 99%