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Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective

Author

Listed:
  • Žižek Simona Šarotar

    (University of Maribor, Faculty of Economics and Business, Slovenia)

  • Nedelko Zlatko

    (University of Maribor, Faculty of Economics and Business, Slovenia)

  • Mulej Matjaž

    (University of Maribor, Faculty of Economics and Business, Slovenia)

  • Čič Živa Veingerl

    (Doba fakulteta, Maribor, Slovenia)

Abstract

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.

Suggested Citation

  • Žižek Simona Šarotar & Nedelko Zlatko & Mulej Matjaž & Čič Živa Veingerl, 2020. "Key Performance Indicators and Industry 4.0 – A Socially Responsible Perspective," Naše gospodarstvo/Our economy, Sciendo, vol. 66(3), pages 22-35, September.
    • Handle: RePEc:vrs:ngooec:v:66:y:2020:i:3:p:22-35:n:3
    DOI: 10.2478/ngoe-2020-0015
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    References listed on IDEAS

    as
    1. Dalenogare, Lucas Santos & Benitez, Guilherme Brittes & Ayala, Néstor Fabián & Frank, Alejandro Germán, 2018. "The expected contribution of Industry 4.0 technologies for industrial performance," International Journal of Production Economics, Elsevier, vol. 204(C), pages 383-394.
    2. Leonilde Varela & Adriana Araújo & Paulo Ávila & Hélio Castro & Goran Putnik, 2019. "Evaluation of the Relation between Lean Manufacturing, Industry 4.0, and Sustainability," Sustainability, MDPI, vol. 11(5), pages 1-19, March.
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    More about this item

    Keywords

    Industry 4.0; key performance indicators (KPI); social responsibility;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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