scholarly journals A Framework for Assessing Manufacturing SMEs Industry 4.0 Maturity

2021 ◽  
Vol 11 (13) ◽  
pp. 6127
Author(s):  
Afonso Amaral ◽  
Paulo Peças
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Maturity Model ◽  
Holistic Model ◽  
Maturity Models ◽  
Fourth Industrial Revolution ◽  
Medium Enterprises

Under the scenario of the fourth industrial revolution, the adoption of Industry 4.0 in the day-to-day business of small and medium enterprises (SME) entails expected challenges. Focusing primarily on more advanced levels of maturity, the existing maturity models are inadequate for assessing companies with low maturity levels, such as most of existing SMEs. A framework for a maturity model tailored to SMEs is proposed in this paper, allowing for a comprehensive and high granularity assessment of these companies’ maturity levels, which then eases their integration into this industrial revolution. The proposed holistic model considers all Industry 4.0 dimensions while being detailed enough in its initial levels to properly assess SMEs at the same time.

Fintech Credit — Opportunities for SMEs in Vietnam

2018 ◽  
Vol 9 (6) ◽  
pp. 537-542
Author(s):  
Truong Van Khanh ◽  
◽  
Tram Bich Loc ◽  
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Bank Capital ◽  
Fourth Industrial Revolution ◽  
New Type ◽  
Medium Enterprises

Small and medium enterprises (SMEs) have an important role in the development of countries, especially in developing ones like Vietnam, but access to capital of this type of business is always difficult, while the support of the Vietnamese government has not been effective or negligible. However, the fourth industrial revolution (industry 4.0) have created a new type of business — Fintech companies which provide SMEs an easier way to access capital. Nevertheless, the concept of Fintech is relatively new in Vietnam and the operation of these companies implicit certain risks. Therefore, in order to help SMEs take advantage of this non-bank capital resource, the authorities are asked to promulgate laws or decrees for business environment of Fintech companies.

scholarly journals Literature Search of Key Factors for the Development of Generic and Specific Maturity Models for Industry 4.0

2020 ◽  
Vol 10 (17) ◽  
pp. 5825
Author(s):  
Cristiano de Jesus ◽  
Rui M. Lima
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Small And Medium Enterprises ◽  
Specific Model ◽  
Maturity Model ◽  
New Paradigm ◽  
Readiness Assessment ◽  
Implementation Framework ◽  
Maturity Models ◽  
Medium Enterprises

The adequacy of business models to Industry 4.0 (I4.0) is an urgent requirement and a clear concern. Ways to recognize the relative position of a company and ways to evolve towards this new paradigm are an important step both for researchers and professionals. In general, most small and medium enterprises (SME) do not have their own resources or do not have the means to be fully supported by consultancies, to develop a specific model, and they do not recognize themselves as ready to initiate any action to adapt to this new paradigm. Based on the idea of identification of directions and opportunities of research about the conditions for the adoption of approaches involving readiness assessment, implementation framework, roadmap and maturity model, the main objective of this article is the identification of factors for the development of specific maturity models, oriented towards unique conditions, located in specific contexts, and that can cover both the need for self-diagnosis of the level of preparation, as well as the actions that aim to achieve a progressive reconfiguration and guided by continuous improvement towards Industry 4.0. A Systematic Literature Review (SLR) of 67 articles was conducted and resulted in the identification of two approaches to address maturity models, which are the application of existing generic models and the process of building specific ones focused on the peculiarities of certain contexts. Moreover, this work points out five factors for development of a specific maturity model: context characterization, conceptual characterization, interaction with practitioners and experts, development of surveys, and qualitative research. Additionally, this work identified the need for development of methodologies that can be applied in a more autonomous way for the development of specific maturity models.

scholarly journals Future Tradeoff under Fourth Industrial Revolution in Bangladesh: A Study on RMG Sector

2021 ◽  
Vol 8 (1) ◽  
pp. 198-215
Author(s):  
Maruf Hasan Rumi ◽  
Shukti Bala ◽  
A.M.M. Mubassher Shah ◽  
Md Abu Sayem ◽  
Md. Minhajul Abedin
Keyword(s):  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Export Earning ◽  
Inclusive Development ◽  
Trade Policies ◽  
Fourth Industrial Revolution ◽  
Development Goals ◽  
The Government ◽  
Medium Enterprises ◽  
Trade Market

Bangladesh's government has taken the 7th Five Year plan to implement Sustainable Development Goals (SDGs) by promoting favorable trade policies along with industrialization, digitization, and inclusive development. Hence, well-running trade is considered as the promising indicator to achieve SDGs which is growing exponentially in our country. Here, the Readymade Garment (RMG) is the most influential trading sector to contribute enormously in the export-earning. In recent times, the sector is facing massive changes due to the automation of the Fourth Industrial Revolution (FIR). To sustain in this digital competitive trade market, has become a major challenge for the small RMG industries. A huge number of Small and Medium Enterprises (SMEs) in our country have already been shut down due to automation. The large factories are also changing their manufacturing system by installing automation to cope with the demand for global competition. These are creating an unstable condition for RMG trade. The government needs to take a strategic and integrated plan immediately to gain the competitive advantage of FIR. Otherwise, Bangladesh will lose the international market for the RMGs of the country.      

scholarly journals Industry 4.0—Awareness in South India

2020 ◽  
Vol 12 (8) ◽  
pp. 3207 ◽  
Author(s):  
Leos Safar ◽  
Jakub Sopko ◽  
Darya Dancakova ◽  
Manuel Woschank
Keyword(s):  
Industry 4.0 ◽  
Prior Information ◽  
South India ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Competitive Advantages ◽  
Demographic Development ◽  
Industrial Enterprises ◽  
Medium Enterprises ◽  
Insufficient Knowledge

Industry 4.0 (I4.0) approaches, frameworks, and technologies have gained an increasing relevance in order to gain sustainable and competitive advantages for industrial enterprises and for small and medium enterprises (SMEs), as well. Contrary to previous studies, which are mainly focused on companies, we conducted a questionnaire-based survey on inhabitants, in an attempt to examine general awareness about I4.0 concepts, in the region of South India. Our findings revealed a rather poor informational level of I4.0 concept and its components, which consequently leads to inadequate future actions and expectations. Moreover, respondents with prior information about I4.0 framework tend to have rather positive opinions and expectations of possible future trends. We emphasize that insufficient knowledge of the potential workforce regarding I4.0 concepts, especially in a region with ascending demographic development, can be considered as one of the main barriers for a successful and sustainable future development towards the 4th industrial revolution.

scholarly journals Is the Maturity Model applicable in Vietnam?

2020 ◽  
Vol 16 (9) ◽  
pp. 11
Author(s):  
Vu Thi Tuyet Mai ◽  
Nguyen Thi Phuong Thu
Keyword(s):  
Embedded Systems ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Production Model ◽  
Maturity Model ◽  
Manufacturing Enterprise ◽  
Maturity Models ◽  
Specific Data ◽  
Manufacturing Enterprises ◽  
Industrial Enterprises

Manufacturing enterprises are currently facing many challenges of industrial revolution 4.0 when beginning to change the production model, working with embedded systems which can collect and transmit specific data. The application of maturity models to the Industry 4.0 may help organizations to address the challenges regarding the concept of Industry 4.0 and the diversification methodology. This research is going to examine the application of a maturity model for assessing Industry 4.0 created by Schumacher et al. (2016). The Maturity model of Schumacher et al. (2016) was built to assess the maturity and to infiltrate of the enterprises manufacturing into the Industry 4.0. The purpose of this paper is examining the applicable of using the Maturity model in evaluating the maturity of industrial enterprises in Vietnam toward industry 4.0. The issues will be addressed in this paper: i) The nature of Industry 4.0 and challenges for the manufacturing enterprises; ii) The Maturity model for manufacturing enterprises towards Industry 4.0; iii) The process of applying Maturity model in assessing the manufacturing enterprise towards Industry 4.0; iv) Some initial recommendations for Vietnamese manufacturing enterprises and v) Conclusion.

Challenges for Pakistani SMEs in Industry 4.0

2020 ◽  
pp. 12-21
Author(s):  
Qaisar Iqbal ◽  
Noor Hazlina Ahmad
Keyword(s):  
Information And Communication Technologies ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Communication Technologies ◽  
Vital Role ◽  
Raw Material ◽  
Current Economic Situation ◽  
Information And Communication ◽  
Medium Enterprises

Small and medium enterprises (SMEs) play a vital role in the development of any economy. The disruptive technologies of the fourth industrial revolution have ignited the flexibility and dynamic nature of the market. Industry 4.0 requires firms to deliver highly customized and high-quality products at low price and on time. However, the SMEs sector is not performing up to the standard, which is quite disturbing in the current economic situation of the country. This chapter has elaborated the application of advanced information and communication technologies of Industry 4.0 in the context of SMEs. Based on the requirements of Industry 4.0, this chapter has also explored the challenges faced by SMEs in Pakistan. The SMEs in Pakistan are presently coping the challenges such as limited access to finance, the undue compliance and excessive paperwork imposed by regulators, lacking mechanism of talent management, lacking skilled workforce, absence of networking and collaboration, mismanagement of raw material, and insufficient infrastructure.

Challenges for Pakistani SMEs in Industry 4.0

2021 ◽  
pp. 1959-1967
Author(s):  
Qaisar Iqbal ◽  
Noor Hazlina Ahmad
Keyword(s):  
Information And Communication Technologies ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Communication Technologies ◽  
Vital Role ◽  
Raw Material ◽  
Current Economic Situation ◽  
Information And Communication ◽  
Medium Enterprises

Small and medium enterprises (SMEs) play a vital role in the development of any economy. The disruptive technologies of the fourth industrial revolution have ignited the flexibility and dynamic nature of the market. Industry 4.0 requires firms to deliver highly customized and high-quality products at low price and on time. However, the SMEs sector is not performing up to the standard, which is quite disturbing in the current economic situation of the country. This chapter has elaborated the application of advanced information and communication technologies of Industry 4.0 in the context of SMEs. Based on the requirements of Industry 4.0, this chapter has also explored the challenges faced by SMEs in Pakistan. The SMEs in Pakistan are presently coping the challenges such as limited access to finance, the undue compliance and excessive paperwork imposed by regulators, lacking mechanism of talent management, lacking skilled workforce, absence of networking and collaboration, mismanagement of raw material, and insufficient infrastructure.

scholarly journals Readiness of the ASEAN Community for the 4th Industrial Revolution

2021 ◽  
Vol 17 (2) ◽  
pp. 31
Author(s):  
Pornpen Vora-Sittha ◽  
Apirada Chinprateep
Keyword(s):  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Digital Economy ◽  
Industrial Plants ◽  
Fourth Industrial Revolution ◽  
Stakeholder Perspectives ◽  
Policy Suggestions ◽  
The World ◽  
Medium Enterprises

The study explores the readiness of ASEAN Community for the world Fourth Industrial Revolution, and to propose policy suggestions for stakeholder perspectives. The methodology used is SWOT and TOWS analysis. The results of the study show that only Singapore is the readiest country to face 4IR. Rest of ASEAN members moderately prepared for the world 4IR, except Brunei, Cambodia, Laos, and Myanmar. The size of the ASEAN digital economy has the opportunity to be ranked as the world's top five in 2025, drive-by e-commerce, large industrial plants with the participation of small and medium enterprises. Singapore may face employment disruption before other countries because of its most advanced in using AI technology.

scholarly journals Challenges of Industry 4.0 for Production Enterprises Functioning Within Cyber Industry Networks

2018 ◽  
Vol 26 (4) ◽  
pp. 212-216 ◽  
Author(s):  
Sebastian Saniuk ◽  
Anna Saniuk
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
German Economy ◽  
Production Capacity ◽  
Joint Production ◽  
Manufacturing Enterprises ◽  
On Line ◽  
Medium Enterprises ◽  
Industry Network

Abstract The globalization process and the marginalization of Europe in world production prompted the German economy to implement the Industry 4.0 concept called the fourth industrial revolution. As a part of the proposed concept, a close connection of physical objects with the information network should be made. Enterprises will connect by intelligent resources communicating through the modern Internet of Things technologies, big data, and cloud computing. Therefore modern enterprises have a new further challenge which means a need to build and cooperate within cyber-physical systems. The aim of the article is to present key challenges for Polish small and medium-sized manufacturing enterprises oriented to the cooperation within the Industry 4.0 concept. Furthermore, the results of surveys conducted on a selected group of Polish production companies in the metal sector are shown. These results present the condition of Polish enterprises, their concerns and expectations regarding the implementation of the Industry 4.0 concept. The paper contains also the new idea to create the Cyber Industry Network (CIN) which means a kind of the on-line available platform for exchanging production capacity of small and medium enterprises and allows for the efficient combining of free resources to realize joint production projects.

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