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Challenges and Benefits of Industry 4.0: An overview

International journal of supply and operations management, 2018-08, Vol.5 (3), p.256-265 [Peer Reviewed Journal]

2018. This work is published under https://creativecommons.org/licenses/by-nc-sa/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2383-1359 ;EISSN: 2383-2525 ;DOI: 10.22034/2018.3.7

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  • Title:
    Challenges and Benefits of Industry 4.0: An overview
  • Author: Mohamed, Mamad
  • Subjects: benefits ; challenges ; Changing environments ; Cost reduction ; Flexibility ; implementation ; industry 4.0 ; Production controls ; Redesign ; Studies
  • Is Part Of: International journal of supply and operations management, 2018-08, Vol.5 (3), p.256-265
  • Description: The aim of this article is to provide an overview of industry 4.0. Our goal is to give a perspective of what Industry 4.0 is, its challenges in today's context, and present how we have to design and implement future business organizations. Numerous researchers have mentioned that implementing industry 4.0 is a response to the current challenges in fast changing environments. Indeed, in order to improve flexibility, reduce costs and offer customized products, companies must redesign their production processes appropriately. After an introduction to the new context phenomenon of "Industry 4.0", we provide a comprehensive definition of this new concept and explain the research methodology. Then we present several points of view about challenges and issues of Industry 4.0, and most benefits of this new industrial paradigm are also described. Finally, we end this paper by drawing conclusions and suggesting future research.
  • Publisher: Tehran: Kharazmi University
  • Language: English
  • Identifier: ISSN: 2383-1359
    EISSN: 2383-2525
    DOI: 10.22034/2018.3.7
  • Source: Open Access: DOAJ Directory of Open Access Journals
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central
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