Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective

The main aim of this contribution is to outline the role and importance of key performance indicators in the frame of Industry 4.0 implementation. These key performance indicators are presented as a cornerstone for industry 4.0 implementation in organizational practice, since they represent key inpu...

Full description

Bibliographic Details
Main Authors: Žižek Simona Šarotar, Nedelko Zlatko, Mulej Matjaž, Čič Živa Veingerl
Format: Article
Language:English
Published: Sciendo 2020-09-01
Series:Naše Gospodarstvo
Subjects:
Online Access:http://www.degruyter.com/view/j/ngoe.2020.66.issue-3/ngoe-2020-0015/ngoe-2020-0015.xml?format=INT
_version_ 1830211571304890368
author Žižek Simona Šarotar
Nedelko Zlatko
Mulej Matjaž
Čič Živa Veingerl
author_facet Žižek Simona Šarotar
Nedelko Zlatko
Mulej Matjaž
Čič Živa Veingerl
author_sort Žižek Simona Šarotar
collection DOAJ
description The main aim of this contribution is to outline the role and importance of key performance indicators in the frame of Industry 4.0 implementation. These key performance indicators are presented as a cornerstone for industry 4.0 implementation in organizational practice, since they represent key input for needed data in digitalized organization. In that framework, the contribution first exposes some of the essential characteristics of “Industry 4.0”, followed by the methodology of key performance indicators (KPI). Next, the contribution outlined a proposed methodology for implementing KPIs in frame of Industry 4.0 adoption in organizations. Another section of the paper is dedicatd to the linkage between corporate social responsilbty and KPIs in frame of Industry 4.0. The paper also outlines implications, limitations and further research directions are outlined.
first_indexed 2024-12-18T05:46:37Z
format Article
id doaj.art-fe65d9ff128c41afac3f2c6c26d3cd85
institution Directory Open Access Journal
issn 2385-8052
language English
last_indexed 2024-12-18T05:46:37Z
publishDate 2020-09-01
publisher Sciendo
record_format Article
series Naše Gospodarstvo
spelling doaj.art-fe65d9ff128c41afac3f2c6c26d3cd852022-12-21T21:19:01ZengSciendoNaše Gospodarstvo2385-80522020-09-01663223510.2478/ngoe-2020-0015ngoe-2020-0015Key Performance Indicators and Industry 4.0 – A Socially Responsible PerspectiveŽižek Simona Šarotar0Nedelko Zlatko1Mulej Matjaž2Čič Živa Veingerl3University of Maribor, Faculty of Economics and Business, SloveniaUniversity of Maribor, Faculty of Economics and Business, SloveniaUniversity of Maribor, Faculty of Economics and Business, SloveniaDoba fakulteta, Maribor, SloveniaThe main aim of this contribution is to outline the role and importance of key performance indicators in the frame of Industry 4.0 implementation. These key performance indicators are presented as a cornerstone for industry 4.0 implementation in organizational practice, since they represent key input for needed data in digitalized organization. In that framework, the contribution first exposes some of the essential characteristics of “Industry 4.0”, followed by the methodology of key performance indicators (KPI). Next, the contribution outlined a proposed methodology for implementing KPIs in frame of Industry 4.0 adoption in organizations. Another section of the paper is dedicatd to the linkage between corporate social responsilbty and KPIs in frame of Industry 4.0. The paper also outlines implications, limitations and further research directions are outlined.http://www.degruyter.com/view/j/ngoe.2020.66.issue-3/ngoe-2020-0015/ngoe-2020-0015.xml?format=INTindustry 4.0key performance indicators (kpi)social responsibilitym11m12
spellingShingle Žižek Simona Šarotar
Nedelko Zlatko
Mulej Matjaž
Čič Živa Veingerl
Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective
Naše Gospodarstvo
industry 4.0
key performance indicators (kpi)
social responsibility
m11
m12
title Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective
title_full Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective
title_fullStr Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective
title_full_unstemmed Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective
title_short Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective
title_sort key performance indicators and industry 4 0 a socially responsible perspective
topic industry 4.0
key performance indicators (kpi)
social responsibility
m11
m12
url http://www.degruyter.com/view/j/ngoe.2020.66.issue-3/ngoe-2020-0015/ngoe-2020-0015.xml?format=INT
work_keys_str_mv AT zizeksimonasarotar keyperformanceindicatorsandindustry40asociallyresponsibleperspective
AT nedelkozlatko keyperformanceindicatorsandindustry40asociallyresponsibleperspective
AT mulejmatjaz keyperformanceindicatorsandindustry40asociallyresponsibleperspective
AT ciczivaveingerl keyperformanceindicatorsandindustry40asociallyresponsibleperspective