Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia
The manufacturing industry has to withstand an increasing global competition on product quality and production costs.Established manufacturing companies have recognized that customers are not willing to pay large price premiums for incremental quality improvements.As a consequence, many manufacturi...
| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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2017
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| Online Access: | https://repo.uum.edu.my/id/eprint/23885/1/CBMM%202017%201503%201508.pdf |
| _version_ | 1803628621033635840 |
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| author | Yacob, Peter Krishnapillai, Gengeswari Kwok, See Ying Khor, Saw Chin |
| author_facet | Yacob, Peter Krishnapillai, Gengeswari Kwok, See Ying Khor, Saw Chin |
| author_sort | Yacob, Peter |
| collection | UUM |
| description | The manufacturing industry has to withstand an increasing global competition on product quality
and production costs.Established manufacturing companies have recognized that customers are not willing to pay large price premiums for incremental quality improvements.As a consequence, many manufacturing companies adjust their production focusing on customized products and fast time to market.In order to cope with this challenge, industrial value creation must be geared towards sustainability. Currently, the
industrial value creation in the early industrialized countries is shaped by the development towards the fourth stage of industrialization, the so-called Industry 4.0. This development provides immense opportunities for the realization of sustainable manufacturing. The aim of this study is to investigate the
recent development and practice of Industry 4.0 in MNCs and provide empirical information on the
potentials of implementing Industry 4.0 in SMEs. The present research will be conducted in twofold via sequential exploratory mixed method approach. The first (qualitative) phase will be examining MNCs in Malaysia who have successfully implemented the Industry 4.0. Upon understanding their experiences in implementing Industry 4.0, a research instrument will be developed which will be utilized in the second (quantitative) phase of the study. SME manufacturers will be investigated on their awareness and adoption issues pertaining to the Industry 4.0. The findings of this study expected to provide new directions and new
practical insights in Industry 4.0 revolution practices in manufacturing SMEs in Malaysia. Policy makers will be facilitated in appropriately outlining the measures to plan, schedule and implement (1) drivers for the next horizon of operational effectiveness, (2) adapt new business models to capture shifting value pools, and (3) build the foundation for digital transformation. |
| first_indexed | 2024-07-04T06:24:52Z |
| format | Conference or Workshop Item |
| id | uum-23885 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:24:52Z |
| publishDate | 2017 |
| record_format | dspace |
| spelling | uum-238852018-04-15T04:21:47Z https://repo.uum.edu.my/id/eprint/23885/ Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia Yacob, Peter Krishnapillai, Gengeswari Kwok, See Ying Khor, Saw Chin HD28 Management. Industrial Management The manufacturing industry has to withstand an increasing global competition on product quality and production costs.Established manufacturing companies have recognized that customers are not willing to pay large price premiums for incremental quality improvements.As a consequence, many manufacturing companies adjust their production focusing on customized products and fast time to market.In order to cope with this challenge, industrial value creation must be geared towards sustainability. Currently, the industrial value creation in the early industrialized countries is shaped by the development towards the fourth stage of industrialization, the so-called Industry 4.0. This development provides immense opportunities for the realization of sustainable manufacturing. The aim of this study is to investigate the recent development and practice of Industry 4.0 in MNCs and provide empirical information on the potentials of implementing Industry 4.0 in SMEs. The present research will be conducted in twofold via sequential exploratory mixed method approach. The first (qualitative) phase will be examining MNCs in Malaysia who have successfully implemented the Industry 4.0. Upon understanding their experiences in implementing Industry 4.0, a research instrument will be developed which will be utilized in the second (quantitative) phase of the study. SME manufacturers will be investigated on their awareness and adoption issues pertaining to the Industry 4.0. The findings of this study expected to provide new directions and new practical insights in Industry 4.0 revolution practices in manufacturing SMEs in Malaysia. Policy makers will be facilitated in appropriately outlining the measures to plan, schedule and implement (1) drivers for the next horizon of operational effectiveness, (2) adapt new business models to capture shifting value pools, and (3) build the foundation for digital transformation. 2017-10-29 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/23885/1/CBMM%202017%201503%201508.pdf Yacob, Peter and Krishnapillai, Gengeswari and Kwok, See Ying and Khor, Saw Chin (2017) Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia. In: 4th Conference on Business Management, 29 - 30 Oktober 2017, The Gurney Resprt Hotel & Recidences Penang, Malaysia. |
| spellingShingle | HD28 Management. Industrial Management Yacob, Peter Krishnapillai, Gengeswari Kwok, See Ying Khor, Saw Chin Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia |
| title | Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia |
| title_full | Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia |
| title_fullStr | Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia |
| title_full_unstemmed | Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia |
| title_short | Industry 4.0: Lesson from multinational companies to manufacturing SMEs in Malaysia |
| title_sort | industry 4 0 lesson from multinational companies to manufacturing smes in malaysia |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/23885/1/CBMM%202017%201503%201508.pdf |
| work_keys_str_mv | AT yacobpeter industry40lessonfrommultinationalcompaniestomanufacturingsmesinmalaysia AT krishnapillaigengeswari industry40lessonfrommultinationalcompaniestomanufacturingsmesinmalaysia AT kwokseeying industry40lessonfrommultinationalcompaniestomanufacturingsmesinmalaysia AT khorsawchin industry40lessonfrommultinationalcompaniestomanufacturingsmesinmalaysia |