5th European International Conference on Industrial Engineering and Operations Management

Risks and opportunities within Lean 4.0 systems: SWOT analysis

0 Paper Citations
Track: Industry 4.0

Nowadays, companies’ first target is to build an intelligent, flexible, integrated and efficient processes, for higher industrial performance. According to this, a new concept emerged within the industrial firms by the name of Industry 4.0 (I4.0). This 4th industrial revolution covers four main aspects: intelligent factory, real-time communication, smart products and more satisfied customers. As strong as are the new technologies offered by this revolution, it is not entirely sufficient if not combined with lean principles. Combining these two paradigms created what is known today as Lean 4.0, a new concept presenting several opportunities for higher performance. Nevertheless, this combination is far from being as simple as it seems. A deep and structured risk analysis is required to ensure a smooth implementation of lean 4.0 system within a company. The purpose of this paper is to discuss I4.0, lean manufacturing and Lean 4.0 risks and opportunities through a systematic literature review, and to study the different barriers to its implementation through the modelling of a case study using sequence diagram and SWOT analysis. Its contribution consists of being a reflection paper to the companies aiming to develop their digital maturity by exploiting Lean 4.0 tools.

Industry 4.0, Industrial revolution, Lean 4.0, Risks and opportunities, SWOT analysis.

Published in: 5th European International Conference on Industrial Engineering and Operations Management, Rome, Italy

Publisher: IEOM Society International
Date of Conference: July 26-28, 2022

ISBN: 978-1-7923-9161-3
ISSN/E-ISSN: 2169-8767