Value Systems Alignment in Product Servicing Networks

Macedo, Patrícia; Cardoso, Tiago; Camarinha-Matos, Luís M.

doi:10.1007/978-3-642-40543-3_8

Cited by 3 publications

(3 citation statements)

References 10 publications

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“…As for the challenge "multiple stakeholder's management," using IoT for co-creating value develops into a complex process, as it involves several stakeholders that have disparate perspectives, distinct objectives and divergent business models (Mamrot et al, 2016;Saarikko et al, 2017;Sarah Lai-Yin et al, 2019). These differences may cause conflicts that hinder data collection and information sharing (Macedo et al, 2013;Lim, 2018). Hence, reconciling the different business models of the involved parties and setting a common goal for value cocreation are challenging tasks within the smart services system (Bullinger et al, 2017b;Chia Tai Angus et al, 2019).…”

Section: (Continued)mentioning

confidence: 99%

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Industry 4.0 in services: challenges and opportunities for value co-creation

Bonamigo

Frech

2020

JSM

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Purpose This study aims to recognize industry 4.0 opportunities and challenges associated with the co-creation of value in industrial services and to propose a theoretical framework for smart industrial services systems. Design/methodology/approach The authors carried out a systematic literature review based on the systematic search flow method; thereafter, the authors used the content analysis proposed by Bardin (2011) to analyze the resulting portfolio. Findings The authors identified a total of five industry 4.0 opportunities and five challenges for co-creating value in industrial services. Drawing upon these findings, this paper builds a theoretical framework for the smart industrial services system, in which the industry 4.0 opportunities arise from the digitally mediated inter-firm interactions and the challenges related to the resources of this system. Research limitations/implications This study may not have enabled a complete coverage of all existing peer-reviewed articles in the field of value co-creation in industrial services associated with the industry 4.0 technologies. Also, the framework is constrained by being theoretical rather than empirically grounded. Practical implications The findings give managers support to devise strategies for overcoming the barriers that impede them from taking advantage of the opportunities offered by industry 4.0 for co-creating value in industrial services. Originality/value This paper’s uniqueness is to identify the industry 4.0 opportunities and challenges for value co-creation in the context of industrial services and to propose a framework for the smart industrial services system.

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Section: (Continued)mentioning

confidence: 99%

“…suppliers, customers and other stakeholders). We placed this obstacle in the arrow of "share resources and services" and the line of "customer's data" because these conflicts hinder data collection and resource sharing (Macedo et al, 2013;Lim, 2018).…”

Section: Record Unitmentioning

confidence: 99%

Industry 4.0 in services: challenges and opportunities for value co-creation

Bonamigo

Frech

2020

JSM

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“…The "Network Value System Alignment Level" indicator [44] aims to give an indication of the overall alignment level among the network members' value systems. This indicator is calculated as the average of the "Value System Alignment Levels" between each pair of members.…”

Section: Is the Set Of Core Values O Is The Set Of Organizationsmentioning

confidence: 99%

Value Systems Alignment Analysis in Collaborative Networked Organizations Management

Macedo

Camarinha-Matos

2017

Applied Sciences

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Abstract:The assessment of value systems alignment can play an important role in the formation and evolution of collaborative networks, contributing to reduce potential risks of collaboration. For this purpose, an assessment tool is proposed as part of a collaborative networks information system, supporting both the formation and evolution of long-term strategic alliances and goal-oriented networks. An implementation approach for value system alignment analysis is described, which is intended to assist managers in virtual and networked organizations management. The implementation of the assessment and analysis methods is supported by a set of software services integrated in the information system that supports the management of the networked organizations. A case study in the solar energy sector was conducted, and the data collected through this study allow us to confirm the practical applicability of the proposed methods and the software services.

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Early Warning System Potential for Single Sourcing Risk Mitigation

Franconetti

Ortíz

2014

Progress in Pattern Recognition, Image Analysis, Computer Vision, and Applications

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Abstract. Network governance is described as a framework of policies and business rules, which is applied to manage an extended organization. Nowadays, one of its main concerns is risk management (RM) and the operational risk mitigation is crucial to avoid disruptions, delays and quality fades. Single sourcing can be interesting to reduce economic costs enabling the product design but at the same time can synergize the above-mentioned risks. Traditional RM approach for sourcing risks is based on selecting reliable partners, sharing knowledge and creating standard procedures that need to be complied. But the development of sensing networks based on early-warning systems (EWS) based on performance metrics to support decisions will be a promising alternative

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Value Systems Alignment in Product Servicing Networks

Cited by 3 publications

References 10 publications

Industry 4.0 in services: challenges and opportunities for value co-creation

Industry 4.0 in services: challenges and opportunities for value co-creation

Value Systems Alignment Analysis in Collaborative Networked Organizations Management

Early Warning System Potential for Single Sourcing Risk Mitigation

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