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2021 | OriginalPaper | Chapter

8. Technologies of the Fourth Industrial Revolution as a Driver of Advancing in Digital Operations Management

Author : Julia Kovalchuk

Published in: Digital Strategies in a Global Market

Publisher: Springer International Publishing

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Abstract

This article presents the author’s approach to opportunities and prospects facing the development of operations management and production design, studied through the context of the economy’s digital transformation. It is determined that digital economic entities should prioritize fulfilling market expectations; while there are numerous justifications for this in theory, in practice, it is impossible without using the principles of advance in production. In modern conditions, advanced operations management does not change the basic principles (profitability, synergy, continuity, the legitimacy of alternatives, learning ability, the susceptibility of production to advancing, adaptability, flexibility, mobility, potential adequacy, innovative support, guaranteed work execution, continuous improvement), but is complemented by significant provisions for introducing modern approaches accompanying the digital transformation of the industry. Possibilities for adapting modern organizational tools—taking into account digital technologies and the automation of management systems (including the Internet of Things)—have been created in order to increase the efficiency of these organizational processes and to implement advanced models in the preparation of forming new productions.

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Literature
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Metadata
Title
Technologies of the Fourth Industrial Revolution as a Driver of Advancing in Digital Operations Management
Author
Julia Kovalchuk
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-58267-8_8

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