2019
DOI: 10.22190/fueo1804349p
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The Role of Information Technology in the Implementation of Lean Concept

Abstract: Achieving and strengthening competitive advantage represents the key factor for survival and success of the modern businesses. It is a fact that successful implementation of Lean management leads to increased productivity and competence. However, in order to maintain profitability and business stability, it is necessary to support Lean concept, which can be provided, above all, by the application of modern information technology. In that sense, by applying the ERP system, it is possible to adapt basic Lean pri… Show more

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Cited by 2 publications
(2 citation statements)
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“…And to overcome this impediment a systemic understanding of innovation policy is essential, which should be included in the firm's strategy, and which needs a coordinated implementation. However, mostly those organizations which recognize the necessity of constant innovation will be able to survive in a highly competitive environment (Pavlović et al, 2018). On the other hand, Industry 4.0 relies on the use of digital technology to collect and analyze data in real time, delivering important data to the manufacturing system (Lee et al, 2015;Wang et al, 2016a).…”
Section: Literature Reviewmentioning
confidence: 99%
“…And to overcome this impediment a systemic understanding of innovation policy is essential, which should be included in the firm's strategy, and which needs a coordinated implementation. However, mostly those organizations which recognize the necessity of constant innovation will be able to survive in a highly competitive environment (Pavlović et al, 2018). On the other hand, Industry 4.0 relies on the use of digital technology to collect and analyze data in real time, delivering important data to the manufacturing system (Lee et al, 2015;Wang et al, 2016a).…”
Section: Literature Reviewmentioning
confidence: 99%
“…In the environment characterized by high competition, survival is guaranteed only to those companies, which realize the importance of constant innovation (Pavlović et al, 2018). The innovation activities of the enterprise were determined by the knowledge and technology at their disposal.…”
Section: Technical Information and Innovation Risks Within Industry mentioning
confidence: 99%