Sub-suppliers model 4.0 and knowledge discovery in industry supply chain

Web 4.0 revolution and the abundance of industrial data in the current business environment allow each industrial company to innovate in a diversity of ways. The novelty approaches for the industry are often related to Industry 4.0, where data plays a key role. This research paper aims to develop a...

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Main Authors: Milena KRUMOVA, Evgeniy PETROV
Format: Article
Language:English
Published: Universul Academic 2024-02-01
Series:Smart Cities and Regional Development Journal
Subjects:
Online Access:https://scrd.eu/index.php/scrd/article/view/466
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author Milena KRUMOVA
Evgeniy PETROV
author_facet Milena KRUMOVA
Evgeniy PETROV
author_sort Milena KRUMOVA
collection DOAJ
description Web 4.0 revolution and the abundance of industrial data in the current business environment allow each industrial company to innovate in a diversity of ways. The novelty approaches for the industry are often related to Industry 4.0, where data plays a key role. This research paper aims to develop a new model of the Sub-Supplier process description „Sub-Suppliers Model 4.0“. The model presents the role of knowledge management and Web 4.0 as having a key impact on the processes for business value creation for the industrial organisation. The paper is structured into three chapters. The introduction presents the methods used along with the research question. Chapter one starts with the theoretical bases and state of the art of the Industrial Sub-Supplier Process (ISSP). Chapter two makes a link between the ISSP, knowledge management and knowledge discovery process using data from Supply Chain Management Software for management decision-making. Chapter three of the research starts with web 4.0 tools and proposes a Sub-Suppliers Model 4.0, while trying to explain how the ISSP can be optimized based on the KPIs used. The main research contribution is the novelty integration of the knowledge discovery concept and the implementation of web 4.0 tools into the ISSP.
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spelling doaj-art-52826902d8d048c886578bd3ef3acbd82025-01-21T12:39:22ZengUniversul AcademicSmart Cities and Regional Development Journal2537-38032821-78882024-02-018110.25019/3kxnym42Sub-suppliers model 4.0 and knowledge discovery in industry supply chainMilena KRUMOVA0Evgeniy PETROV 1Technical University of SofiaTechnical University of Sofia Web 4.0 revolution and the abundance of industrial data in the current business environment allow each industrial company to innovate in a diversity of ways. The novelty approaches for the industry are often related to Industry 4.0, where data plays a key role. This research paper aims to develop a new model of the Sub-Supplier process description „Sub-Suppliers Model 4.0“. The model presents the role of knowledge management and Web 4.0 as having a key impact on the processes for business value creation for the industrial organisation. The paper is structured into three chapters. The introduction presents the methods used along with the research question. Chapter one starts with the theoretical bases and state of the art of the Industrial Sub-Supplier Process (ISSP). Chapter two makes a link between the ISSP, knowledge management and knowledge discovery process using data from Supply Chain Management Software for management decision-making. Chapter three of the research starts with web 4.0 tools and proposes a Sub-Suppliers Model 4.0, while trying to explain how the ISSP can be optimized based on the KPIs used. The main research contribution is the novelty integration of the knowledge discovery concept and the implementation of web 4.0 tools into the ISSP. https://scrd.eu/index.php/scrd/article/view/466sub-supplierknowledgedatamodel
spellingShingle Milena KRUMOVA
Evgeniy PETROV
Sub-suppliers model 4.0 and knowledge discovery in industry supply chain
Smart Cities and Regional Development Journal
sub-supplier
knowledge
data
model
title Sub-suppliers model 4.0 and knowledge discovery in industry supply chain
title_full Sub-suppliers model 4.0 and knowledge discovery in industry supply chain
title_fullStr Sub-suppliers model 4.0 and knowledge discovery in industry supply chain
title_full_unstemmed Sub-suppliers model 4.0 and knowledge discovery in industry supply chain
title_short Sub-suppliers model 4.0 and knowledge discovery in industry supply chain
title_sort sub suppliers model 4 0 and knowledge discovery in industry supply chain
topic sub-supplier
knowledge
data
model
url https://scrd.eu/index.php/scrd/article/view/466
work_keys_str_mv AT milenakrumova subsuppliersmodel40andknowledgediscoveryinindustrysupplychain
AT evgeniypetrov subsuppliersmodel40andknowledgediscoveryinindustrysupplychain