ORGANIZATION OF MATERIAL FLOW IN THE DIGITAL ECONOMY: THE PLACE AND ROLE OF DIGITAL TWIN TECHNOLOGY

2020 ◽  
Vol 10 (9) ◽  
pp. 1869-1884
Author(s):  
A.A. Bochkarev ◽  
◽  
E.R. Dobronravin ◽  
Keyword(s):  
Supply Chain ◽  
Material Flow ◽  
Industry 4.0 ◽  
Production Management ◽  
Digital Economy ◽  
Science Literature ◽  
Russian Science ◽  
Digital Twin ◽  
Use Of Resources

The article provides an overview of theoretical studies and modern trends in the development of the concept of “digital economy” and analyzes the technical and economic foundations of such changes, and also identifies the directions of further development of such studies. The difference between engineering and technical and economic approaches to the problem of production management is actualized. It is concluded that the problems of production and supply chains in the digital economy require an integrated, technical and economic approach. It is also concluded that the theory of material flow (logistics) should be based on the knowledge in the field of economic theory, with the active use of the concept of SCM 4.0. The characteristic of the modern stage is given - the rejection of traditional, hierarchical models of building organizations in favor of “streaming” ones. The urgency of digitalizing supply chain models is argued. At the same time, the important role of combining the knowledge of different specialists in the implementation of the function of organizing material flows is shown. The importance of Industry 4.0 in improving the rational use of resources, predictability, transparency and quality of the economy is shown. The features of the modern economy, technical and economic methods and technologies of SCM 4.0 are correlated. In conclusion, the article considers the concept of “digital twin” of supply chain processes, which correlates with the methods of simulation. Simulation and digital twin are here optimization procedures, optimal control, important and promising technical procedures of Industry 4.0. Basing on the study of Western and Russian science literature, the characteristics and properties of “digital twins”, their importance for the management of production and other processes in the supply chain, and directions for further research of this phenomenon are highlighted.

The role of digital economy in China's sustainable development in a post-pandemic environment

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Malin Song ◽  
Chenbin Zheng ◽  
Jiangquan Wang
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Supply Chain ◽  
Social Development ◽  
Environmental Protection ◽  
Digital Economy ◽  
Series Data ◽  
Content Type ◽  
The Relationship

PurposeThe COVID-19 pandemic is still raging, which calls for an exploration of how to prevent and control pandemics to promote sustainable development. The purpose of this paper is to examine the role of the digital economy in sustainable development, the relationship between the two, the impacts of the outbreak on economic and social development, and changes in China's digital economy.Design/methodology/approachThe study used the time-series data from 2002 to 2019 and an unconstrained VAR model to examine the relationship between the digital economy and sustainable development before the pandemic.FindingsChina's digital economy has promoted the country's sustainable economic and social development; it has advanced rapid economic growth, improved people's living standards, increased efficient utilization of resources, and strengthened environmental protection.Research limitations/implicationsAmid the pandemic, China's digital economy developed effectively; it showed strong resilience because of its unique advantages. The digital economy in China has helped the country to control the pandemic in a short period, reduced the risk of supply chain disruption, promoted China's economic growth, and ensured the orderly operation of society. Therefore, countries worldwide are encouraged to prioritize their digital economies.Originality/valueCompared with the extant literature, this study explores the sustainable supply chain in a broader sense in the context of a pandemic, and how the supply chain is influenced by the digital economy. It not only includes the stability, resilience, and viability of the supply chain in economic development but also involves aspects of people's life, resource utilization, and environmental protection.

scholarly journals Assessing the role of industry 4.0 for enhancing swift trust and coordination in humanitarian supply chain

2021 ◽  
Author(s):  
Masoud Shayganmehr ◽  
Shivam Gupta ◽  
Issam Laguir ◽  
Rebecca Stekelorum ◽  
Ajay Kumar
Keyword(s):  
Supply Chain ◽  
Industry 4.0 ◽  
Swift Trust ◽  
Humanitarian Supply Chain

Management Accounting in the Digital Economy

2020 ◽  
pp. 156-176 ◽  
Author(s):  
Sorinel Căpușneanu ◽  
Dan Ioan Topor ◽  
Dana Maria (Oprea) Constantin ◽  
Andreea Marin-Pantelescu
Keyword(s):  
Information Technology ◽  
Industry 4.0 ◽  
Information Technologies ◽  
Cost Management ◽  
Management Accounting ◽  
New Economy ◽  
Digital Economy ◽  
Current State ◽  
Accounting Management

This chapter presents the evolution and perspectives of management accounting in the digital economy. The main objectives of this chapter are to present the different conceptual approaches of the digital economy and Industry 4.0, the B20 pillars and their impact on the management accounting, the role of management accounting and of the management accountant in the new economy, forecasts and solutions regarding the adaptation of the management accounting to the digital economy, and cost management of the implementation of innovative information technology. All aspects presented are based on national and international professional studies and attempt to present the current state of the themes addressed. The chapter ends with the author's conclusions regarding management accounting in the digital economy. Through the authors' contribution, the chapter offers perspectives and solutions to increase knowledge to implement information technologies and adapt accounting management to these innovative waves.

scholarly journals Evaluation of SME Supply Chain Using Methods Supply Chain Operation Reference (SCOR) (Case Study on Borondong Industry SMEs)

2020 ◽  
Author(s):  
Rediawan Miharja ◽  
Umi Kaltum ◽  
Ina Primiana ◽  
Vita Sarasi
Keyword(s):  
Supply Chain ◽  
Cultural Heritage ◽  
National Economy ◽  
Industry 4.0 ◽  
Research Method ◽  
General Description ◽  
Chain Operation ◽  
Supply Chain Operation

The important role of SMEs in the national economy, the development of the current era, namely industry 4.0, requires businesses to continue to be able to innovate, especially in technology and operations including the supply chain SMEs, so it needs encouragement from various groups including academics how to make conceptual material into policy or decisions for actors and stakeholders. The perpetrator of the SME Borondong Industry is one that must be supported because it is a traditional cultural heritage which is also a superior product in West Java so that it is expected to improve the economy. Along with the growing awareness of SMEs on technology, because it is facing the millennial era, it is an opportunity for researchers to provide conceptual treats so that they can be useful for the actors of Borondong Industry SMEs. There are a number of problems that have been borne by these bourgeois SMEs, one of which is the absence of a concept that describes the condition of the supply chain of the SME industry. The aim of this study focuses on issues regarding the Borondong SME supply chain, exploring the areas that need to be improved and assessing how the supply chain performs. The research method used is descriptive with the approach of the Supply Chain Operation Reference (SCOR). The findings are a general description of the supply chain in the Borondong Industry SMEs. Keywords: Supply Chain, SMEs, SCOR

scholarly journals The Impact of digitization and automation of production on the role of the workforce in companies in Slovakia

2020 ◽  
Vol 83 ◽  
pp. 01055
Author(s):  
Julia Rakovská
Keyword(s):  
Market Economy ◽  
Industry 4.0 ◽  
Production Management ◽  
Slovak Republic ◽  
Current View ◽  
Manufacturing Companies ◽  
Production Logistics ◽  
Knowledge And Skills ◽  
The Impact

The aim of this article was to evaluate the current view of domestic and foreign authors on problems and trends of production logistics in the conditions of globalization and to explore possibilities of development of the concept of Industry 4.0 in Slovakia. We also focused on the digitalization of processes, which are one of the basic prerequisites for the company's operation in the Industry 4.0 concept. The current conditions in the Slovak Republic, resulting from the functioning of the market economy, create new opportunities and the need to apply business approaches in production management. It is a prerequisite for the success not only of manufacturing companies to find balance between modern trends and technologies and people with necessary knowledge and skills.

scholarly journals Digital economy and Industry 4.0: new challenges for small and medium enterprises

2021 ◽  
pp. 96-109
Author(s):  
Valery P. Nevmyvako ◽  
Keyword(s):  
Industry 4.0 ◽  
Customer Value ◽  
Small And Medium Enterprises ◽  
World Order ◽  
Direct Consequence ◽  
Group Behavior ◽  
Digital Economy ◽  
Business Community ◽  
New Challenges

Subject/topic. The article is devoted to the study of the issues of universal digitalization as a factor of new challenges for small and medium-sized businesses. The modern socio-economic system of doing business is more and more dynamic and difficult to predict from the standpoint of the effects of society's group behavior generated by it, the volatility of trends in demand for products and services, and the urgent need to personalize the products and services created. Such requests are a direct consequence of the development of the digital economy and the emerging new world order – Industry 4.0. Modern market realities directly dictate to business the rules of the game in the digital field, activating internal signals to transform the business model of generating customer value and the way it is delivered to the client. If earlier the digital infrastructure of business played the role of an auxiliary link or an image tool, then since the second decade of the 21st century, digitalization has confidently taken the role of a driver for smart business growth and its qualitative development within the framework of the trilogy: power – client – business. Research results. The article describes the key features of the development of the digital economy in Russia, provides statistical data on the innovative activity of small and medium-sized businesses, as well as provides a critical review of the current challenges, threats and opportunities for involving small and medium-sized businesses in the digital era, substantiates conceptual formulas for assessing potential damage in if cyber threats are implemented. Conclusions. The materials of the article are of practical value for managers of small and medium-sized businesses, anti-crisis managers, specialized institutions of financial and consulting support. Only a constructive and honest dialogue of the largest players in the information technology market with the business community can help build a real and strong digital economy in Russia.

Trends in the development of the digital economy based on a study of scientometric databases

2019 ◽  
pp. 16-25 ◽  
Author(s):  
A. V. Babkin ◽  
N. S. Alekseeva
Keyword(s):  
Global Economy ◽  
Digital Economy ◽  
Future Research ◽  
Russian Science ◽  
Scientometric Indicators ◽  
Global Trends ◽  
Correlation And Regression Analysis ◽  
Russian Science Citation Index ◽  
Transformation Processes

The digital economy is currently making a great contribution to the development of the global economy and economies of different countries, being one of the priority development areas. The problem of identifying trends in the development of the digital economy that will determine global trends in the future remains relevant. In this regard, the authors attempt to identify trends in the development of the digital economy based on scientometric databases.Aim. The presented study aims to determine the place and role of the digital economy in the current global transformation processes and trends in its development as part of a study of  scientometric databases.Tasks. The authors present the hierarchy of directions for the development of the digital economy in Russia and its systemic decomposition, identify changes in scientometric indicators in the field of the digital economy through the analysis of the Scopus abstract and citation database and the Russian Science Citation Index (RSCI) database, and describe changes in the scientometric indicators and publication activity in the field of digital economy.Methods. This study uses the international Scopus database, the RSCI database, correlation and regression analysis, and mathematical statistics methods.Results. It is established that interest in the digital economy grows every year. The authors present a hierarchy of directions for the development of the digital economy in Russia and a systemic  decomposition (model) of the digital economy. It is noted that most publications on digital economy focus on the application of digital technologies. Analysis of scientometric databases for 2010–2018 reflects trends in the development of the digital economy.Conclusions. The conducted study shows trends in the development of the digital economy in Russia and identifies priority directions for the development of the national economy as a whole, which specifies the direction for future research. 

The partial mediating role of supply chain integration between Industry 4.0 and supply chain performance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gizem Erboz ◽  
Işık Özge Yumurtacı Hüseyinoğlu ◽  
Zoltan Szegedi
Keyword(s):  
Supply Chain ◽  
Industry 4.0 ◽  
Positive Impact ◽  
Partial Least Square ◽  
Supply Chain Integration ◽  
Supply Chain Performance ◽  
Manufacturing Companies ◽  
Content Type ◽  
Mediating Role

Purpose Industry 4.0 not only impacts the manufacturing industry but also supply chain practices. Drawing on the resource-based view (RBV), the purpose of this paper is to examine how Industry 4.0 affects supply chain integration (SCI) and supply chain performance (SCP). Design/methodology/approach The data were collected from 212 respondents in manufacturing companies. The partial least square structural equation modelling (PLS-SEM) was used to test the hypotheses of this study. Findings The findings reveal that Industry 4.0 has a positive impact on SCI and SCP, and SCI has a positive impact on SCP. In addition, a partial mediating role of SCI has been found between Industry 4.0 and SCP. Practical implications This study reveals the role of Industry 4.0 on supply chain practices and draws attention to SCI in the linkage between Industry 4.0 and SCP. The findings emphasise the need for Industry 4.0 and SCI to enhance SCP. Originality/value There is limited research on the impacts of Industry 4.0 on SCI and SCP. This research finds empirical evidence for these impacts and enhances knowledge of Industry 4.0 by using a sample from an emerging country.

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