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SMEs and Industry 4.0 - Introducing a KPI based Procedure Model to identify Focus Areas in Manufacturing Industry

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  • Mario Kleindienst
  • Christian Ramsauer

Abstract

Currently a paradigm shift in manufacturing industry is claimed. Driven by economic problems Industry 4.0 is hoped for being the solution to bringing back manufacturing to western economies. But especially SMEs tend to wait and see how this trend is developing. What is missing is a clear elaboration of Industry 4.0 specifically for SMEs. This paper elaborates the problems of SMEs with Industry 4.0 that mainly can be related to inherent characteristics like lack of resources. A procedure model is introduced, that mainly consists of 3 steps starting with an analysis of the status quo, where relevant data is gathered. Then KPIs are calculated that should further help to identify focus areas. Finally a decision based on the KPIs has to be made regarding the first steps towards Industry 4.0. This paper introduces the procedure model as well as a first draft of a criteria catalogue for deviating relevant KPIs.

Suggested Citation

  • Mario Kleindienst & Christian Ramsauer, 2016. "SMEs and Industry 4.0 - Introducing a KPI based Procedure Model to identify Focus Areas in Manufacturing Industry," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 2(2), pages 109-122, April.
    • Handle: RePEc:ate:journl:ajbev2i2-1
    DOI: =10.30958/ajbe.2-2-1
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    References listed on IDEAS

    as
    1. Andrea Ordanini, 2006. "Information Technology and Small Businesses," Books, Edward Elgar Publishing, number 3934.
    2. Friederike Welter, 2015. "Strategien, KMU und Umfeld. Handlungsmuster und Strategiegenese in kleinen und mittleren Unternehmen," Schriften des Rheinisch-Westfälischen Instituts für Wirtschaftsforschung, Duncker & Humblot GmbH, Berlin, edition 1, volume 69, number 51326.
    3. Pfohl, Hans-Christian, 2013. "Abgrenzung der Mittel- und Kleinbetriebe von Großbetrieben," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 73613, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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    Cited by:

    1. Arfan Shahzad & Mohd Syarol Azuan bin Zakaria & Herbert Kotzab & Muhammad Abdul Majid Makki & Aamir Hussain & Julia Fischer, 2023. "Adoption of fourth industrial revolution 4.0 among Malaysian small and medium enterprises (SMEs)," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    2. Vitkauskaitė, Elena & Varaniūtė, Viktorija & Bouwman, Harry, 2019. "Evaluating SMEs Readiness to Transform to IoT-Based Business Models," 30th European Regional ITS Conference, Helsinki 2019 205220, International Telecommunications Society (ITS).
    3. Bhatia, Purvee & Diaz-Elsayed, Nancy, 2023. "Facilitating decision-making for the adoption of smart manufacturing technologies by SMEs via fuzzy TOPSIS," International Journal of Production Economics, Elsevier, vol. 257(C).
    4. Han, Hui & Trimi, Silvana, 2022. "Towards a data science platform for improving SME collaboration through Industry 4.0 technologies," Technological Forecasting and Social Change, Elsevier, vol. 174(C).

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