Industry 4.0 value creation in literature
| Study | Industry 4.0 measurement | Performance metrics |
|---|---|---|
| Dalenogare et al. (2018) | Adoption of Industry 4.0 technologies | Product (innovation, customer), Operational (Cost, productivity, process efficiency), Side effects (sustainability, employee wellbeing) |
| Szász et al. (2020) | Adoption of Industry 4.0 technologies | Cost, quality, delivery and flexibility |
| Lin et al. (2019) | Industry 4.0 strategy adoption | Financial, innovation, stock market return and supply chain performance |
| Büchi et al. (2020) | Attitude towards Industry 4.0 based on the number of Industry 4.0 technologies adopted and the extent of their embeddeness in business operations | Six factors addressing productivity, product quality, resource utilization and product innovation |
| Rosin et al. (2020) | Adoption of Industry 4.0 technologies (IoT, Simulation, Autonomous Robots, Augmented Reality and Big Data and analytics) | JIT capability level |
| Lai et al. (2019) | Industry 4.0 technologies application | Waste reduction |
| Qader et al. (2022) | Technology implementation (IoT, Machine Learning and Blockchain) | Operational and financial performance of the supply chain |
| Fatorachian and Kazemi (2021) | Integration and transparency | Responsiveness, flexibility, dependability, product or service quality, efficiency and effectiveness |
| Ghadge et al. (2020) | Technology-enabled information transparency | Adaptability, agility and flexibility |
| Study | Industry 4.0 measurement | Performance metrics |
|---|---|---|
| Adoption of Industry 4.0 technologies | Product (innovation, customer), Operational (Cost, productivity, process efficiency), Side effects (sustainability, employee wellbeing) | |
| Adoption of Industry 4.0 technologies | Cost, quality, delivery and flexibility | |
| Industry 4.0 strategy adoption | Financial, innovation, stock market return and supply chain performance | |
| Attitude towards Industry 4.0 based on the number of Industry 4.0 technologies adopted and the extent of their embeddeness in business operations | Six factors addressing productivity, product quality, resource utilization and product innovation | |
| Adoption of Industry 4.0 technologies (IoT, Simulation, Autonomous Robots, Augmented Reality and Big Data and analytics) | JIT capability level | |
| Industry 4.0 technologies application | Waste reduction | |
| Technology implementation (IoT, Machine Learning and Blockchain) | Operational and financial performance of the supply chain | |
| Integration and transparency | Responsiveness, flexibility, dependability, product or service quality, efficiency and effectiveness | |
| Technology-enabled information transparency | Adaptability, agility and flexibility |
Source(s): Authors work
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