COMPATIBILITY OF INDUSTRY 4.0 WITH “LEAN MANUFACTURING” MANAGEMENT MODEL AND MODERNIZATION OF THE CONCEPT IN THE AGE OF DIGITIZATION

Author(s): Kramarenko N.S.

Rubric: Management

DOI: 10.21777/2587-554X-2024-2-89-96

Release: 2024-2 (49)

Pages: 89-96

Keywords: lean manufacturing, Industry 4.0, enterprise management, increase in production efficiency, innovation, automa- tion of manufacturing processes, creation of product value, cost reduction

Annotation: This article examines the compatibility of the lean manufacturing concept with Industry 4.0 technologies. The author analyzes the transition to the new fourth industrial revolution, what are its characteristics and how it interacts with the concept of “lean production”. Both Lean Manufacturing and the Fourth Industrial Revolution have the common goal of increasing production efficiency, but they use different types of tools and methods to achieve it. On the basis of the research, a summary table of the compatibility of individual tools of this concept with Industry 4.0 technologies was compiled. The author emphasizes the importance of understanding the methods of both systems in achieving high results in international commercial activities associated with a particular type of production, as well as the combination of two concepts to extract maximum benefits in the context of chang- ing general conditions under the influence of the fourth industrial revolution. The study may be useful for top managers, scientists, specialists in the field of personnel management and production processes, crisis managers and practitioners interested in the development of production process management systems.

Bibliography: Kramarenko N.S. COMPATIBILITY OF INDUSTRY 4.0 WITH “LEAN MANUFACTURING” MANAGEMENT MODEL AND MODERNIZATION OF THE CONCEPT IN THE AGE OF DIGITIZATION // Economics and Management. – 2024. – № 2 (49). – С. 89-96. doi: 10.21777/2587-554X-2024-2-89-96