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Application Of Digital Technologies In Industry And Enterprise Value Chain

Author

Listed:
  • Marin Geshkov

    (University of National and World Economy - Sofia, Bulgaria)

Abstract

According to the system approach, a modern enterprise is considered to be a system with an entry and an exit. Inputs such as capital, labor, and materials are at the entry point, and at the exit is the final product. Production transforms inputs into final output within the enterprise. This process of transformation of raw inputs into the final output represents a firm value chain. To achieve this transformation with minimum costs and maximum profits, the production requires optimal allocation of inputs in the process of production and precise control and management of product quality. How do modern digital technologies apply to the process of controlling and managing the enterprise value chain? To answer this question is the purpose of our report. It will be organized as follows: Introduction, Chapter I - Enterprise and Industry Value Chain, Chapter II - Application of Modern Digital Technologies in Enterprise and Industry Value Chain, Conclusion.

Suggested Citation

  • Marin Geshkov, 2020. "Application Of Digital Technologies In Industry And Enterprise Value Chain," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 226-231.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:226-231
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    More about this item

    Keywords

    quality management systems; enterprise; optimization; digital technologies;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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