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Conceptual Approaches of Industry 5.0. Correlative Elements with Supply Chain Management 5.0

Author

Listed:
  • Gheorghe MINCULETE

    (Nicolae Bălcescu Land Forces Academy)

  • Ghiță BÂRSAN

    (Nicolae Bălcescu Land Forces Academy)

  • Polixenia OLAR

    (Carol Ist National Defense University)

Abstract

The continuous evolution of civilization in the world, has progressively determined the change of consumer options for different types of products in terms of complexity, which has progressively led to several industrial revolutions. Therefore, in the current stage, the transition to a superior revolution of Industry 4.0 takes place, where, from a digital point of view, the emphasis was on the devices related to the connection to the so-called Internet of Things. In the conditions mentioned, both the industry and the logistics have developed in stages, revealing today projections and implementations adequate to the configurations of the digital level - 5.0. At this stage, a special emphasis will be systematically placed on research and innovation as essential factors in the process of making that European industry sustainable, resilient and focused on the human factor and interest. The requirements of the information society, based on knowledge are obviously found in the specific coordinates of Industry 5.0 and in the determining functions of Supply Chain Management 5.0. In this article we set out to briefly address the importance and role of the issue of Industry 5.0, but also some correlations with Supply Chain Management 5.0, given the current and future economic challenges.

Suggested Citation

  • Gheorghe MINCULETE & Ghiță BÂRSAN & Polixenia OLAR, 2021. "Conceptual Approaches of Industry 5.0. Correlative Elements with Supply Chain Management 5.0," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(5), pages 622-635, December.
  • Handle: RePEc:rom:rmcimn:v:22:y:2021:i:5:p:622-635
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    References listed on IDEAS

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    1. Frank, Alejandro Germán & Dalenogare, Lucas Santos & Ayala, Néstor Fabián, 2019. "Industry 4.0 technologies: Implementation patterns in manufacturing companies," International Journal of Production Economics, Elsevier, vol. 210(C), pages 15-26.
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    Cited by:

    1. Ancuta-Loredana Caraus, 2024. "The Management of Conflicts," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 84-88.

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    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D30 - Microeconomics - - Distribution - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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