IDEAS home Printed from https://ideas.repec.org/a/rom/rmcimn/v22y2021i5p622-635.html
   My bibliography  Save this article

Conceptual Approaches of Industry 5.0. Correlative Elements with Supply Chain Management 5.0

Author

Listed:
  • Gheorghe MINCULETE

    (Nicolae Bălcescu Land Forces Academy)

  • Ghiță BÂRSAN

    (Nicolae Bălcescu Land Forces Academy)

  • Polixenia OLAR

    (Carol Ist National Defense University)

Abstract

The continuous evolution of civilization in the world, has progressively determined the change of consumer options for different types of products in terms of complexity, which has progressively led to several industrial revolutions. Therefore, in the current stage, the transition to a superior revolution of Industry 4.0 takes place, where, from a digital point of view, the emphasis was on the devices related to the connection to the so-called Internet of Things. In the conditions mentioned, both the industry and the logistics have developed in stages, revealing today projections and implementations adequate to the configurations of the digital level - 5.0. At this stage, a special emphasis will be systematically placed on research and innovation as essential factors in the process of making that European industry sustainable, resilient and focused on the human factor and interest. The requirements of the information society, based on knowledge are obviously found in the specific coordinates of Industry 5.0 and in the determining functions of Supply Chain Management 5.0. In this article we set out to briefly address the importance and role of the issue of Industry 5.0, but also some correlations with Supply Chain Management 5.0, given the current and future economic challenges.

Suggested Citation

  • Gheorghe MINCULETE & Ghiță BÂRSAN & Polixenia OLAR, 2021. "Conceptual Approaches of Industry 5.0. Correlative Elements with Supply Chain Management 5.0," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(5), pages 622-635, December.
  • Handle: RePEc:rom:rmcimn:v:22:y:2021:i:5:p:622-635
    as

    Download full text from publisher

    File URL: https://www.rmci.ase.ro/no22vol5/01.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Frank, Alejandro Germán & Dalenogare, Lucas Santos & Ayala, Néstor Fabián, 2019. "Industry 4.0 technologies: Implementation patterns in manufacturing companies," International Journal of Production Economics, Elsevier, vol. 210(C), pages 15-26.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ancuta-Loredana Caraus, 2024. "The Management of Conflicts," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 84-88.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tortorella, Guilherme Luz & Narayanamurthy, Gopalakrishnan & Thurer, Matthias, 2021. "Identifying pathways to a high-performing lean automation implementation: An empirical study in the manufacturing industry," International Journal of Production Economics, Elsevier, vol. 231(C).
    2. Ghannouchi, Imen, 2023. "Examining the dynamic nexus between industry 4.0 technologies and sustainable economy: New insights from empirical evidence using GMM estimator across 20 OECD nations," Technology in Society, Elsevier, vol. 75(C).
    3. Lee, Chien-Chiang & Qin, Shuai & Li, Yaya, 2022. "Does industrial robot application promote green technology innovation in the manufacturing industry?," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    4. Li, Ying & Dai, Jing & Cui, Li, 2020. "The impact of digital technologies on economic and environmental performance in the context of industry 4.0: A moderated mediation model," International Journal of Production Economics, Elsevier, vol. 229(C).
    5. Xi, Mengjie & Liu, Yang & Fang, Wei & Feng, Taiwen, 2024. "Intelligent manufacturing for strengthening operational resilience during the COVID-19 pandemic: A dynamic capability theory perspective," International Journal of Production Economics, Elsevier, vol. 267(C).
    6. Menti, Federica & Romero, David & Jacobsen, Peter, 2023. "A technology assessment and implementation model for evaluating socio-cultural and technical factors for the successful deployment of Logistics 4.0 technologies," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    7. Marco Antonio Paula Pinheiro & Daniel Jugend & Ana Beatriz Lopes de Sousa Jabbour & Charbel Jose Chiappetta Jabbour & Hengky Latan, 2022. "Circular economy‐based new products and company performance: The role of stakeholders and Industry 4.0 technologies," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 483-499, January.
    8. Wang, Jianda & Dong, Kangyin & Taghizadeh-Hesary, Farhad & Dong, Xiucheng, 2023. "Does industrial convergence mitigate CO2 emissions in China? A quasi-natural experiment on “Triple Play” Reform," Energy Economics, Elsevier, vol. 128(C).
    9. Bai, Chunguang & Dallasega, Patrick & Orzes, Guido & Sarkis, Joseph, 2020. "Industry 4.0 technologies assessment: A sustainability perspective," International Journal of Production Economics, Elsevier, vol. 229(C).
    10. Bartoloni, Sara & Calò, Ernesto & Marinelli, Luca & Pascucci, Federica & Dezi, Luca & Carayannis, Elias & Revel, Gian Marco & Gregori, Gian Luca, 2022. "Towards designing society 5.0 solutions: The new Quintuple Helix - Design Thinking approach to technology," Technovation, Elsevier, vol. 113(C).
    11. Beltagui, Ahmad & Gold, Stefan & Kunz, Nathan & Reiner, Gerald, 2023. "Special Issue: Rethinking operations and supply chain management in light of the 3D printing revolution," International Journal of Production Economics, Elsevier, vol. 255(C).
    12. Zheng, Deyuan & Song, Hang & Zhao, Chunguang & Liu, Yujiao & Zhao, Wenhao, 2024. "Is it possible for semiconductor companies to reduce carbon emissions through digital transformation? Evidence from China," International Journal of Production Economics, Elsevier, vol. 272(C).
    13. Bianco, Débora & Bueno, Adauto & Godinho Filho, Moacir & Latan, Hengky & Miller Devós Ganga, Gilberto & Frank, Alejandro G. & Chiappetta Jabbour, Charbel Jose, 2023. "The role of Industry 4.0 in developing resilience for manufacturing companies during COVID-19," International Journal of Production Economics, Elsevier, vol. 256(C).
    14. Yüksel, Hilmi, 2020. "An empirical evaluation of industry 4.0 applications of companies in Turkey: The case of a developing country," Technology in Society, Elsevier, vol. 63(C).
    15. Tao, Zhibin & Chao, Jiaxiao, 2024. "Unlocking new opportunities in the industry 4.0 era, exploring the critical impact of digital technology on sustainable performance and the mediating role of GSCM practices," Innovation and Green Development, Elsevier, vol. 3(3).
    16. Bokrantz, Jon & Skoogh, Anders & Berlin, Cecilia & Wuest, Thorsten & Stahre, Johan, 2020. "Smart Maintenance: a research agenda for industrial maintenance management," International Journal of Production Economics, Elsevier, vol. 224(C).
    17. Dag Øivind Madsen, 2019. "The Emergence and Rise of Industry 4.0 Viewed through the Lens of Management Fashion Theory," Administrative Sciences, MDPI, vol. 9(3), pages 1-25, September.
    18. Liu, Weihua & Yuan, Chaolun & Wang, Jingkun & Lim, Ming K & Hou, Jiahe, 2024. "Digital supply chain announcements and firm’s stock market value: An empirical study from China," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 187(C).
    19. Marco Bettiol & Mauro Capestro & Eleonora Maria & Stefano Micelli, 2021. "Reacting to the COVID-19 pandemic through digital connectivity with customers: the Italian experience," Italian Journal of Marketing, Springer, vol. 2021(4), pages 305-330, December.
    20. Wei, Shuang & Liu, Weihua & Choi, Tsan-Ming & Dong, Jing-xin & Long, Shangsong, 2024. "The influence of key components and digital technologies on manufacturer's choice of innovation strategy," European Journal of Operational Research, Elsevier, vol. 315(3), pages 1210-1220.

    More about this item

    Keywords

    Society 5.0; Industry 5.0; Industry 5.0 workers; Supply Chain Management 5.0; Supply Chain Management 5.0 facilities.;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D30 - Microeconomics - - Distribution - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:rmcimn:v:22:y:2021:i:5:p:622-635. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marian Nastase (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.