Industry 4.0 and business performance improvement

• Main page
• Digitalization
• Flexibility
• Automation

Digitalization

The main purpose of digitalisation is to improve business performance (production cost, product quality, product launch time, order fulfilment accuracy, etc) and be able to keep up with changes in market situations. Digital manufacturing is a technology-based approach to production that links different data silos and processes in the manufacturing lifecycle so that stakeholders can make better business decisions both comprehensively and at each step. An important goal of digital manufacturing is to improve efficiency and respond to changing customer demands in a more agile manner.

Digital manufacturing is the methodology that uses an integrated and computer-based systems to create product and manufacturing process simultaneously.

Digitalization value chain

Digitizing tools

International designation	Content of a digital tool
CRM	Customer Relationship Management
ERP	Enterprise Resource Planning
PLM	Product Lifecycle Management, Process planning
MES	Manufacturing Execution System, Production monitoring
IoT/M2M	Computer Networks and Data Exchange
CPS	Cyber Physical System application in a company
CAQ	Computer Aided Quality Control
WMS	Inbound Logistics and Warehouse management
CMMS	Computerized Maintenance Management System
LIMS	Quality Assurance and Laboratory Information Management System

The aim of a digital analysis is to get an overview of the extent to which and for what purpose companies are using different digitizing instruments in their value chain.

Levels of digitalization and their meaning

Level of digitalization	Description of the nature of the level
Weak	The company has not implemented digital technologies or there is no need for their implementation
Middle range	The company has somewhat used various information communication technology tools to automate various processes
Good	The company uses the digitalization of various processes and is moving towards the development of Industry 4.0 in the areas necessary for the company
Excellent	The company is moving robustly towards Industry 4.0 technologies and several of the horizontal and vertical value chain processes have been digitized to the required level through various ICT solutions (both software and hardware)

Results of digital analysis

DIGILEVEL (Digital Presence)

The level of use of digitization tools and techniques to digitize different enterprise processes across the value chain.

DIGITAL NEEDS

The purpose of the Digital Needs is to assess whether the existing level of digitization meets the needs of the company. Correlation between Digital Presence and Digital Need creates preconditions for business performance.

DIGITAL CHANGE

Reflects changes in the enterprise on a timeline (quarterly, half-year, year).