engleski

ERP Systems in the Context of Smart Factories

Today's industrial development is driven by global competition and demands of an everchanging market, being thereby exposed to the radical advancement of digital technologies. The 4th industrial revolution has brought opportunities to improve products and services, but it also poses a threat to industrial manufacturers in view of the demands and competition present in the global market. Industrial manufacturers therefore can act successfully only if they adapt their production by introducing these digital technologies into existing manufacturing processes. The combination of digital technologies and virtual- physical systems makes it possible to integrate business and manufacturing processes of all participants in the value chain of the company (suppliers and customers), resulting in the development of smart factories. In addition to the availability of digital technologies, traditional enterprise resource planning (ERP) systems, which support manufacturers work-flow and contain a serious amount of business data, are the foundation for seamless integration of production and business processes with the new technologies. This paper explores recent relevant literature in the field of ERP systems connected with the smart factory’s concept and technologies, and gives an overview of main initiatives that can help exploit the most benefits out of their interrelated use. The purpose of the review is to investigate how well ERP systems meet the needs of smart factories, whereby the findings are systemized within a SWOT (strengths, weaknesses, opportunities and threats) analysis. The SWOT analysis gives an overview where the future strategies and activities should be directed to, in order to reduce the impact of negative elements within SWOT and take full advantage of traditional ERP technologies to help organizations transform to smart factories.

enterprise resource planning (ERP) systems, smart factory, digital technologies

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